SAS extends risk software portfolio
North Carolina-based software provider SAS has extended its range of risk management systems by acquiring technology vendor RiskAdvisory. The Canada-based software company specialises in providing risk software to energy and utility companies.
RiskAdvisory will continue to run from its office in Calgary, which will now operate as a division of SAS. The companies' 15 employees will remain, and the four principals at RiskAdvisory will join SAS.
This is the seventh company that has been bought by SAS since 2000, including OpRisk Analytics in June.
“RiskAdvisory brings to SAS some of the most concentrated expertise in risk management for energy markets of any consulting group in North America,” said SAS chief executive Jim Goodnight.
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