RISKADVISORY SOFTWARE RANKS HIGH IN ANNUAL ENERGY RISK READERS’ RANKING
Users see better performance in modeling capabilities
CALGARY (August 13, 2007) – RiskAdvisory, a provider of integrated risk solutions to energy companies, was recognized with high rankings by Energy Risk magazine readers in modeling and identifying market risk categories.
Out of 14 different software companies mentioned, RiskAdvisory/SAS placed second in modeling, an improvement from its fourth place finish in 2006 rankings.
“Our Energy Risk Solutions’ modeling capabilities most likely received high marks from users because of the full range of modeling techniques they offer,” said Brian Nicholson , RiskAdvisory’s Director of Consulting and Product Development.
“In particular, SAS Risk Dimensions enables risk analysts to model these factors using the SAS suite of Econometric modeling tools,” Nicholson said. “Historical simulation, Geometric Brownian Motion, as well as any number of normal and non-normal based models can be utilized.
“SAS Risk Dimensions also provides a programming framework for creating custom pricing and aggregation methods. Further, this programming framework can be used to specify how and when stochastic variables are shocked. The combination of extendable programming framework and the SAS Econometric toolkit give risk modelers complete control over their risk analyses.”
About RiskAdvisory (A division of SAS)
RiskAdvisory is a leading provider of integrated risk solutions to energy companies operating in today’s volatile energy commodity markets. Founded in 1995 by accomplished energy risk professionals, the company has provided risk software solutions, management consulting and educational services to more than 220 clients in the global energy sector. Headquartered in Calgary , Canada , RiskAdvisory produces software solutions that are used by a growing number of well-known energy companies. RiskAdvisory was acquired by business intelligence software leader SAS in 2003. www.riskadvisory.com
About SAS
SAS is the leader in business intelligence and analytical software and services. Customers at 43,000 sites use SAS software to improve performance through insight from data, resulting in faster, more accurate business decisions; more profitable relationships with customers and suppliers; compliance with governmental regulations; research breakthroughs; and better products and processes. Only SAS offers leading data integration, storage, analytics and business intelligence applications within a comprehensive enterprise intelligence platform. Since 1976, SAS has been giving customers around the world The Power to Know® . www.SAS.com