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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.

    • Solomon Teague
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The purchase brings two packages into the SAS risk portfolio: Energy Bookrunner and Tradeblotter. The company says the two systems can be integrated with SAS’s own risk tool, SAS Risk Dimensions, to serve “front-, middle- and back-office demands for any size enterprise".

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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