SAS® Operational Risk Sales More Than Doubles in 2007

SYDNEY, Australia  (11 Apr 2008)  –  Sales of SAS® OpRisk Management jumped in 2007 to an increase of 105 per cent over 2006. This record revenue is evidence that financial services institutions continue to recognise business intelligence leader SAS as a key component in governance, risk and compliance (GRC) management. SAS recognises financial institutions’ need to measure and manage operational risk in a scientific way – not just for regulatory purposes, but also for making sound business decisions. Clearly, the many recent awards and recognitions for operational risk management based on customer feedback have paid off for SAS.

SAS® OpRisk Management
SAS OpRisk Management is an end-to-end solution built on the industry-leading SAS Enterprise Intelligence Platform. With powerful data management, analytics, and regulatory reporting and disclosure capabilities, SAS OpRisk Management helps institutions optimise capital allocation while mitigating risks in all areas of their organisations.

In April 2008, Chartis Research ranked SAS software as the leader in operational risk management for a fourth straight year. In October 2007, SAS was ranked first in the “core risk technology” category and second overall in Chartis Research’s RiskTech 100 report for a second straight year. Also, SAS OpRisk Management was named as a first-place recipient in the June 2007 OpRisk & Compliance magazine’s First Annual Compliance Software Ranking. In addition, SAS was selected as the winner of the Enterprise Risk Management and Operational Risk Management categories in the Leaders in Innovation Awards 2007, from Financial-i magazine.

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