SAS Buys Scorecarding Partner
SAS Institute is acquiring ABC Technologies, a company it had worked with for the past 18 months to develop an XML-based standard for scorecarding applications.SAS Institute Inc. announced Wednesday a definitive agreement to acquire ABC Technologies Inc., a company it had worked with for the past 18 months to develop an XML-based standard for scorecarding applications. Terms of the acquisition were not disclosed though it is subject to the approval of ABC Technologies shareholders and other conditions. The deal is expected to close later this month. The acquisition of Beaverton, Ore.-based ABC Technologies will strengthen SAS position in performance management applications, SAS officials said.
ABC develops software for activity-based cost and profit management, balanced scorecarding, resource planning, value chain and supply chain management and business intelligence under the Oros brand. It uses the umbrella term Active Enterprise Management to describe all of its applications.