PRZOOM - /newswire/ -
Cary, NC, United States, 2015/02/10 - SAS, the leader in business analytics and recent Chartis RiskTech100® leader, has rebranded RiskAdvisory, the energy risk practice that supports its SAS® BookRunner® commodity trading & risk management (CTRM) solution suite - RiskTech-Forum.com / SAS.com.
The company will continue to serve global CTRM customers with an expanded offering under the SAS umbrella.
SAS BookRunner provides energy and commodity traders and risk managers with a range of advanced analytics for sensitivity and scenario analysis, stress testing and out-of-the-box metrics such as value-at-risk, cash-flow-at-risk and potential future exposure. BookRunner incorporates cutting-edge SAS technologies, such as SAS® Visual Analytics, in-memory analytics, event-stream processing and high-performance computing, to meet the growing data management, analysis and reporting requirements of its increasing global customer base.
SAS acquired RiskAdvisory in 2003 to gain an entry point into the energy commodity marketplace. “The SAS energy practice has evolved to encompass big data analytics, predictive asset maintenance, optimization, forecasting and visualization tools,” said Carl Farrell, Executive Vice President of SAS Americas and EMEA. “As one of our fastest-growing market segments, the energy vertical is an area in which SAS will continue to invest and drive innovation for current and future customers.”
In the late 1990s, RiskAdvisory became a recognized brand in North American markets. “We knew to advance we needed a partner who could expand our global market reach, strengthen our analytics offering and give us the scale to compete against larger, better capitalized competitors,” said Louis Caron, Global Executive Lead for SAS’ commodity risk practice. Caron was a co-founder of RiskAdvisory and designed the original BookRunner software.
“We’ve matured beyond the RiskAdvisory boutique brand by fully integrating our CTRM solution into the SAS platform,” Caron said. “Volatility is a perennial concern for the commodity industry, so the CTRM market will continue to be an important one for SAS to serve.”
Visit the SAS BookRunner website to learn more about proactively capturing, analyzing and simulating market and credit risks associated with energy commodity price volatility.
SAS’ No.1 spot in Chartis’ prestigious RiskTech100® report annual rankings includes category wins for core technology, innovation, banking and insurance within the vertical sector and for financial crime. The RiskTech100® 2015 report is available for free download at risktech-forum.com/.
SAS (sas.com) is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 75,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.
Contact: Suzanne Sprajcar Beldycki - SAS Canada
E: Suzanne.Sprajcar[.]sas.com - P: +1 416-307-4634