-- Confirming leadership in the performance management market --
SAS, the market leader in business intelligence, today announced that it has entered into a definitive agreement to acquire Oregon-based ABC Technologies, Inc., the leading provider of activity-based analytic management software. The acquisition will combine SAS' award-winning performance management technology with ABC Technologies' activity-based financial management and scorecarding expertise for unsurpassed enterprise intelligence.
The transaction follows an 18-month collaboration between SAS and ABC Technologies on the XML-based standard for scorecarding applications. Upon closing the acquisition, Chris M. Pieper, CEO of ABC Technologies will take the helm as 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. "I've long been impressed by ABC Technologies and its dedication to solutions in the performance management space. By integrating the ABC team into SAS, we will become bigger and better. Our combined solution will provide our customers with a breadth of applications that other vendors in the space can't match."
"In addition to outstanding technology and great management from both teams, this transaction will provide us the resources of a billion-dollar operation," said Pieper. "The integration of activity-based costing with performance management addresses customer pains across many industries. I'm confident SAS will move to the front of the pack in the performance management space and then lead it to new heights."
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.
Financial details of the acquisition were not disclosed. ABC Technologies' 2001 revenues totaled million. As part of the acquisition, SAS will also acquire the knowledge portal BetterManagement.com. ABC Technologies employees will be offered employment with SAS. After closing the transaction, ABC Technologies will operate as a wholly owned subsidiary of SAS. The acquisition is subject to the approval of ABC Technologies' shareholders and certain other conditions.
About ABC Technologies
ABC Technologies ( http://www.abctech.com) is the leading provider of activity-based, business modeling and analysis software that enables organisations to accurately measure performance, evaluate strategies, increase profitability, lower costs and make better management decisions. ABC Technologies' Oros Analytics and Oros Enterprise suites of applications provide managers with the right information to make better management decisions. ABC Technologies has offices in 15 countries and implemented activity-based information systems at Global 2000 corporations and public sector organisations throughout the world.
SAS is the market leader in providing a new generation of business intelligence software and services that create true enterprise intelligence. SAS solutions are used at more than 38,000 sites -- including 99 of the top 100 businesses on the Fortune 500 -- to develop more profitable relationships with customers and suppliers; to enable better, more accurate and informed decisions; and to drive organisations forward. SAS is the only vendor that completely integrates leading data warehousing, analytics and traditional BI applications to create intelligence from massive amounts of data. For 25 years, SAS has been giving customers around the world The Power to Know(tm).
SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. (r) indicates USA registration. Copyright (c) 2002 SAS Institute Inc. Cary, NC, USA. Other brand and product names are trademarks of their respective companies.
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