After reporting healthy results earlier in the week, SAS has been on a spending spree to beef up its portfolio. The company is to acquire Oregon-based ABC Technologies, a provider of activity-based analytic management software.
The purchase comes on the back of an 18-month collaboration between SAS and ABC Technologies on the XML-based standard for scorecarding applications. ABC Technologies employees will be offered employment with SAS. Upon closing the acquisition, Chris M. Pieper, CEO of ABC Technologies will become president of SAS' Active Performance Management program.
"Last year we announced a strategy to acquire technology that complements our solutions," said Dr. Jim Goodnight, SAS' president and CEO.
ABC Technologies has more than 4,300 software installations in 73 countries with a wide range of customers from manufacturing, services, consumer goods and the public sector. Its client base of mid-size and global 1000 organisations will complement the SAS
client base, which is primarily comprised of large companies.
As part of the acquisition, SAS will also acquire the knowledge portal BetterManagement.com. BetterManagement.com delivers content from renowned thought leaders in the form of white papers, articles, seminars and interactive e-classes from leading educational institutions. Harvard Business School's Working Knowledge portal has hailed it as a foremost Internet source for unbiased information for improving organisational performance. The Web site has recorded more than 7 million hits per month and currently has more than 50,000 registered members. BetterManagement.com will operate as an independent, wholly owned subsidiary of SAS.
Jeanette Hansen-Slepian, president of BetterManagement.com., said: "Enterprise wide business intelligence is at the forefront of today's technology needs. Through content providers and other industry experts and thought leaders, we are able to help decision makers understand the solutions available to address their business pains and spend their technology dollars more effectively."