(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, announced today that it has acquired U.K.-based Dash Optimization, makers of Xpress-MP, the world's leading software product for decision modeling and optimization. The move augments Fair Isaac's decision management solutions, which automate, improve and connect decisions to enhance business performance.
Fair Isaac's acquisition of Dash builds upon a longstanding partnership between the two firms. Dash optimization technology is currently embedded in Fair Isaac's Decision Optimizer, a software tool for achieving the smartest decision strategies given operational complexities, resource constraints and market uncertainties.
"Demand for sophisticated decision management tools is growing rapidly, and the addition of Dash optimization technology to our portfolio helps us to remain the market leader," said Mark Greene, CEO of Fair Isaac. "With their optimization capabilities and our own business rules management and predictive analytic solutions, Fair Isaac now has the industry's most comprehensive decision management suite."
Optimization is used in asset management, operations, and logistics/supply-chain domains to help businesses boost operational efficiency, maximize revenue, and reduce costs. Dash's optimization solutions are used in the financial services, insurance, retail, and manufacturing/processing industries. For example, a leading global bank uses Xpress-MP for portfolio optimization and matching, enabling it to cross-sell advisory services profitably to a wide range of investors, including those with smaller portfolios.
"We are delighted that Fair Isaac has acquired Dash and the Xpress-MP product suite," said Bob Daniel, managing director and co-founder of Dash Optimization. "Fair Isaac's backing and coverage will enable the Xpress-MP team to accelerate its product development, maintaining and enhancing Xpress-MP's preeminent position in large-scale optimization."
About Dash Optimization
Headquartered in the UK, Dash is a pioneer in optimization, with offices in the US, Japan and Germany, and distribution partners throughout Europe and the Far East. The privately-held company develops and markets Xpress-MP, the world's leading software product for modeling and optimization. Xpress-MP solves large-scale optimization problems and enables better business decisions. It is embedded in many software products as a component, making leading-edge optimization accessible to a wide range of customers and applications.
About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, 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. Learn more about Fair Isaac at www.fairisaac.com.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to Fair Isaac 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 Enterprise 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 for the year ended September 30, 2007. If any of these risks or uncertainties materialize, Fair Isaac's results could differ materially from its expectations. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac, FICO, and Credit Capacity are trademarks or registered trademarks 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.
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