SAS Data Platform Acquires Financial Risk Management Company Kamakura

Data analytics provider SAS has acquired financial risk management firm Kamakura Corporation for an undisclosed amount.

SAS buys Kamakura as FIs anticipate tough economic conditions and seek to consolidate

Acquisition of Honolulu-based Kamakura, which provides software, data and consulting that helps financial institutions manage financial risk, will allow SAS to expand its portfolio of risk management solutions and strengthen its capabilities as the financial sector anticipates difficult economic conditions.

SAS co-founder and CEO Jim Goodnight said the combination of SAS technology with Kamakura’s risk and credit analysis models “will prove to be far greater than the sum of its parts”.

“This acquisition is an extension of the significant investments already made in SAS’s cloud-ready risk management platform and integrated solutions,” said Goodnight.

“This signals our intention to advance market-changing risk solutions to solve the most pressing challenges facing our financial services clients.”

The acquisition will provide “an unrivaled suite of integrated risk solutions,” SAS said, particularly around asset-liability management (ALM), and will serve additional elements of the financial services industry.

The acquisition will also bring Kamakura’s credit risk analytics data and solutions into the SAS fold, along with Kamakura’s executives, management team, employees and contractors – “a remarkable accumulation of specialized quantitative risk expertise that would take years to assemble in today’s market,” SAS claims.

Kamakura Chairman and CEO Don van Deventer said the new merger “will produce synergies that fuel customer and market innovation.”

“More concretely, the addition of SAS’s cloud-native Viya technology, risk domain capabilities, and intuitive, user-friendly interfaces to Kamakura’s IP will result in a leading market-changing ALM offering,” adds van Deventer.

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