The State Oil Fund of the Republic of Azerbaijan signed an agreement with RiskMetrics Solutions Inc. on 29th of January, 2010. The company is the winner of an open tender for provision of IT solution for Risk Measurement System, which was held in compliance with the requirements of Law of the Republic Azerbaijan on Public Procurement.

The Risk Measurement System agreement's value is USD 160,000 per annum. Initial term of the agreement is 5 years. The implementation of the system is expected to be completed within 6 months.

RiskMetrics Solutions Inc. is one of the leading global providers of risk measurement, corporate management and financial analysis solutions.