(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, today announced that American Airlines has agreed to purchase an enterprise license of its Xpress-MP suite of modeling and optimization tools.
Xpress-MP is designed to help organizations solve large-scale challenges and make critical resource allocation, asset management and scheduling decisions. It includes a set of advanced tools for users to develop their own optimization models.
"As the operator of one of the world's most advanced airline networks, American Airlines faces large-scale, enormously complex optimization challenges that have to be solved within very tight time constraints," said Dr. Andrew Jennings, chief research officer, Fair Isaac. "We are pleased that AA concluded that the combination of Xpress-MP, Mosel, Xpress-Application developer and Fair Isaac's support is a great fit to their long-term decision optimization needs. That's a powerful endorsement."
The quality of Fair Isaac's customer support and the superior development tools built into Xpress-MP were cited as key factors in American's choice.
"Decision management is a critical function in our business, where we handle dynamic scheduling and resource allocation for nearly 250,000 passengers on some 4,000 flights every single day," said Armando Silva, Managing Director Operations Research, American Airlines. "We require a sophisticated modeling environment and need optimization solvers to be available to support the business. Xpress-MP will allow us to meet today's challenges and will provide us an innovative and flexible platform available for our future needs."
American Airlines is recognized globally among airlines for its innovation, extremely challenging optimization problems, and consistently breaking new ground in Operations Research.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) transforms business by making every decision count. Fair Isaac's Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.
Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Xpress-MP, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy, its ability to recruit and retain key technical and managerial personnel, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of consumer credit and other data, the possibility that the anticipated benefits of acquisitions, including expected synergies, will not be realized and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K/A for the year ended September 30, 2007, and its quarterly report on Form 10-Q for the period ended June 30, 2008. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac is a registered trademark of Fair Isaac Corporation, in the United States and/or in other countries.
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