CARY, N.C. (March 20, 2006) â SAS today announced it ranked second in two categories of Energy Insightsâ Industry Short List for Energy Trading and Risk Management (ETRM) rankings of energy trading and risk management software vendors. Energy Insights, an IDC Company, published these results in a November 2005 report entitled, âIndustry Short List for Energy Trading and Risk Management,â (Doc #EI10072).
Since, according to Energy Insights1, large utilities spend an average of 13 percent of their budgets on energy trading and risk management (ETRM), it is critical that they understand IT vendorsâ respective capabilities and strengths. In the reportâs ETRM transactions market ratings, which assessed SAS and seven other vendors for both analytics and transactions offerings, SAS ranked second in overall score in the âMarket Opportunity Alignment Ownership Confidenceâ category. In the ETRM analytics market ratings, SAS tied for second in âMarket Opportunity Alignment Fit-to-Market.â
âSAS continues to be the premiere provider of analytics in energy with SASÂ® Risk DimensionsÂ®, especially when it comes to graphical representation and flexibility,â the report notes. âWith the acquisition of RiskAdvisory, SAS is strengthening its presence in the mid-tier as well, bringing in loyal customers who have benefited from RiskAdvisoryâs excellent customer service and low-cost implementation,â it continues.
âSAS leads the way in providing both transaction and risk analytics to many of the worldâs large and mid-size energy companies,â said Jayne Brown, energy industry marketing manager at SAS. âWe are pleased to rank among the few companies on Energy Insightsâ Industry Short List for ETRM. Our strong commitment to product robustness, usability and customer service continues to be a hallmark of SAS Risk Solutions for Energy.â
SAS Risk Solutions for Energy provide a full range of advanced modeling techniques to accurately measure and monitor risk factors associated with trading energy. SASâ flexible risk solutions enable accurate modeling and assessment of both market and credit risk in an open framework that makes the most of an organizationâs proprietary risk methodologies.
The Energy Insights Industry Short List for ETRM assessed IT suppliers providing capabilities for trading in one or more energy commodities and offering products in multiple geographies.