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July 21, 2009
July 21, 2009: Decisioning Solutions Inc., a leading provider of decision technology, and FICO (NYSE:FIC), the leading provider of analytics and decision management technology, today announced that Decisioning Solutions has acquired all assets and has successfully hired the majority of employees of FICO’s RoamEx business through its affiliate company, RoamEx Inc., thereby expanding Decisioning Solutions’ worldwide telecommunications presence.
The transaction was structured to ensure seamless business continuity for RoamEx staff and, more importantly, its clients. There will be no changes to RoamEx’s current operations, with its primary location and employees remaining in New Jersey, ensuring no interruptions in the quality of service RoamEx clients have come to expect.
Established in 1993, RoamEx is the pioneering leader in wireless fraud roaming detection and prevention. The strategic nature of this acquisition will result in the development and release of many new features in both the short and long term. Significant enhancements will include optimizing the current detection and prevention of wireless roaming fraud utilizing Decisioning Solutions’ industry-leading decision engines.
“We are very excited about this particular acquisition as it adds to Decisioning Solutions’ overall worldwide telecommunications presence, increasing our footprint in this dynamic industry to the servicing of over 70 leading providers spanning 17 countries,” stated Darren Perko, President & CEO, Decisioning Solutions. “This acquisition mutually benefits both RoamEx and Decisioning Solutions’ clients as RoamEx solutions will be enhanced with proprietary Decisioning Solutions technologies. Also, current Decisioning Solutions clients (using RoamEx) will have increased visibility into large amounts of detailed predictive data that can complement current decision strategies. It’s truly an acquisition that will benefit all parties involved.”
“We’re pleased to have completed this transaction with Decisioning Solutions, whose expertise and state-of-the-art solutions are highly regarded in the telecommunications marketplace,” said Dr. Mark Greene, CEO of FICO. “While certain aspects of our telecom industry business no longer fit FICO’s long-term business strategy, we will continue to support telecom service providers through offerings like our FICO credit risk scores, custom analytics and other technologies that help them make every customer decision count.”
Terms of the transaction were not disclosed.
Decisioning Solutions Inc., provides organizations with industry-leading state-of-the-art customer decisioning and ancillary solutions for use throughout the customer lifecycle to clients in many industries around the world. The solutions are 100% customer administered and configured without IT or vendor involvement and deliver unparalleled flexibility and robust capabilities with extreme ease of implementation and configuration.
Decisioning Solutions offers application processing systems, decision retrieval tools, data mining/reporting tools, fraud detection and prevention systems and predictive modeling solutions to empower the decision-making process from pre-acquisition to retention. Decisioning Solutions also provides customers with an array of sophisticated decisioning features such as unlimited champion/challenger, tri-score matrixing, derived variables and predictive model hosting.
“Decisioning Solutions is changing the way companies make customer decisions by turning data into knowledge, knowledge into action, action into profit.” For more information, visit www.decisioningsolutions.com.
FICO (NYSE:FIC) transforms business by making every decision count. FICO’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 FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the www.myFICO.com website.
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business 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 and reengineering plan, 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, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2008, and its quarterly report on Form 10-Q for the period ended March 31, 2009. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
FICO is a trademark or registered trademark of Fair Isaac Corporation in the United States and/or in other countries. Other product and company names herein may be trademarks or registered trademarks of their respective owners.
For further information contact:
Jose Cerqueira, Senior Director, Business Operations, Decisioning SolutionsEmail: email@example.com Telephone: 1-866-805-1470
John Emerick, Investor Relations, FICOEmail: firstname.lastname@example.org Telephone: 1-(800) 213-5542
Craig Watts, Public Relations Director, FICOEmail: email@example.com Telephone: 1-415-492-5399
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