SAS acquires principal assets of OpRisk Analytics

SAS acquires principal assets of OpRisk Analytics

Business intelligence firm SAS has acquired the principal assets of OpRisk Analytics, a Connecticut-based provider of operational risk measurement and management solutions to the financial services industry, for an undisclosed sum.

The acquisition is part of SAS' strategy to extend its offering of both corporate and consumer risk measurement and reporting solutions.

As part of the deal, SAS will take on key staff from OpRisk Analytics, including CEO Ali Samad-Khan who will serve as a senior executive on the SAS risk management team.

Commenting on the deal, Samad-Khan says: "This transaction and integration will further enhance SAS' ability to provide comprehensive, enterprise wide risk solutions that meet the needs of risk professionals and financial services executives alike."

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