![]() It’s partly because of those reasons that SAS routinely appears on lists of the best places to work. Salespeople are not paid commissions, because the company believes they should focus on finding the best solutions for customers rather than securing higher sales volumes. And it has licensed its software products on subscription basis since its inception, years ahead of the current industry trend. It generally invests 30% or more of its annual revenue in research and development, compared with an industry average of around 20%. Goodnight also bought some of the surrounding land and built homes that were sold to employees at a discount. ![]() The company is known for its tight-knit culture, with its sprawling North Carolina campus offering amenities such as a yoga studio and a golf course. It did once issue plans for a public offering, only to pull back after the dot-com bubble burst in 2000. SAS, which sells software that’s used by enterprises for accessing, managing, analyzing and presenting data, has been fiercely independent throughout its history. It said the deal could be could be finalized within two weeks, citing people familiar with the matter.īut Jim Goodnight and John Sall, who co-founded SAS in the 1970s and still run the company, have now decided not to sell, the same people said. It isn’t clear why the co-founders changed their minds, but analysts told SiliconANGLE when reports of the proposed deal first emerged that a sale to Broadcom could be a big shock to the insular culture of SAS. The Wall Street Journal reported Monday that chipmaker Broadcom was looking to buy closely held SAS for a deal valued at between $15 billion and $20 billion. over a possible sale, following a change of heart by its owners. has reportedly backed out of talks with Broadcom Inc.
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