SAS has acquired Canada-based RiskAdvisory, a provider of risk management consulting and software to energy companies such as EnCana, SaskEnergy, Suncor Energy Marketing and Portland General Electric Co.

This is the seventh acquisition by SAS since 2000 and comes just two months after the Marketmax deal and six months after the firm’s June buyout of OpRisk Analytics.

Financial details of the RiskAdvisory acquisition were not disclosed.

Through the acquisition, four principals will join Cary-based SAS from RiskAdvisory. They are Jim Joyce, Louis Caron, Leigh Parkinson and Tim Simard, who have formed the core of RiskAdvisory’s consulting practice since 1995.

SAS also will establish a division that will operate from the current RiskAdvisory headquarters in Calgary, Canada. This new division will manage RiskAdvisory’s general operations, consulting and software expertise including its 15 employees.

With this acquisition, SAS says it further extends its risk management domain expertise and software offerings through the addition of a team of risk experts and technology that complements existing risk management offerings.

“RiskAdvisory brings to SAS some of the most concentrated expertise in risk management for energy markets of any consulting group in North America,” said SAS President and CEO Jim Goodnight. “This expertise complements and strengthens SAS’ world-class risk management software and solidifies our leadership in the risk management area of the rapidly evolving energy and power markets.”

SAS is acquiring two software solutions through RiskAdvisory, both of which complement existing risk management solutions that target sectors of the energy industry, including oil, natural gas and electricity. They are Energy BookRunner and TradeBlotter.

Energy BookRunner and TradeBlotter can integrate with SAS Risk Dimensions to serve front-, middle-, and back-office demands for any size enterprise. The Energy BookRunner solution is designed specifically to handle both the financial and volumetric risks faced by both energy companies and energy trading desks. TradeBlotter is an add-in, browser-based tool for tracking and trading energy.

SAS Canada will support Energy BookRunner and TradeBlotter, and both offerings will be renamed to fit within the SAS family of products.