SAS, an AI and analytics services provider, has acquired Kamakura Corporation.
Kamakura provides software, data and consulting that helps financial organizations manage financial risks.
“This acquisition is an extension of tremendous investments already made in SAS’ cloud-ready risk management platform and integrated solutions,” said Jim Goodnight, CEO of SAS. “It signals our intent to advance market-changing risk solutions to solve the most pressing challenges our financial services customers face. We foresee that the resulting strength of SAS technology, paired with Kamakura’s risk analytics and credit models, will prove far greater than the sum of its parts.”