(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, today announced the release of Xpress-MP 2008A, a mathematical modeling and optimization suite designed to give users more power to address their most complex operational and resource optimization challenges. The release of Xpress-MP 2008A is significant for organizations that depend upon advanced decision management systems, particularly as questions arise about the fate of rival product CPLEX amid maker ILOG's recent acquisition.
Optimization refers to a mathematical technique used to calculate the best possible resource utilization to achieve a desired result such as maximizing ROI or service levels or minimizing costs or transit time. It is increasingly applied to such processes as logistics, operations and asset management, and is a key component of Fair Isaac's vision for Decision Management. New optimization solvers in Xpress-MP 2008A include: a Quadratically Constrained Quadratic Programming solver, which can be used to solve portfolio optimization problems, problems in statistics, and transport or facility location problems involving quadratic distance measures; and a Convex Nonlinear Programming solver which can be used to solve certain nonlinear problems in engineering and chemistry. Xpress-MP 2008A also includes a range of features to give users more decision-making information, assure consistency of results and fine-tune the Xpress-MP solution to their specific needs.
"Amid industry consolidation, optimization is rapidly becoming a distinguishing 'must-have' capability for decision management," said Andrew Jennings, chief research officer, Fair Isaac. "The release of Xpress-MP 2008A underscores Fair Isaac's commitment to delivering comprehensive solutions that help organizations make optimal strategic, resource allocation and investment decisions."
A free evaluation copy of Xpress-MP 2008A is available on the company website at http://www.fairisaac.com/evaluatexpressMP.
Xpress-MP is a suite of mathematical modeling and optimization tools used to solve linear, integer, quadratic, non-linear and stochastic programming problems. Xpress-MP solves large-scale optimization problems and enables better business decisions and resulting financial benefits in areas such as supply chain management, operations, logistics, and asset management. Xpress-MP 2008A is the first optimization release since Fair Isaac added Xpress-MP to its product line through the acquisition of Dash Optimization in January.
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 http://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 2008A mathematical modeling and optimization suite, 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 the 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, and its quarterly report on Form 10-Q for the period ended March 31, 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.
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