(Minneapolis, Minnesota, USA) - Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced today that analyst firm IDC has recognized Fair Isaac as the worldwide revenue leader in the Business Rules Management Systems (BRMS) software market for the second consecutive year.
The new IDC report "Worldwide Business Rules Management Systems 2007-2011 Forecast and 2006 Vendor Shares" (IDC #208989, October 2007) ranks Fair Isaac as the worldwide BRMS market leader in 2006 with revenues of $53.5 million, compared with revenues of $45.1 million in 2005. IDC credits Fair Isaac's 18.7 percent growth and 23.6 percent market share to the company's continuing success with its Blaze Advisor™ business rules management system in the North American market. Fair Isaac's revenue in North America was $45.1 million, compared to $24.4 million for the closest competitor.
According to the IDC report, the worldwide BRMS market witnessed double-digit growth in 2006 with revenues of $226.8 million, and is projected to grow to $530.8 million in 2011.1
"Advances elsewhere in the application development and deployment markets are helping set the stage for even higher BRMS growth as the industry retools its approach to application development around deployment, support of standards, ease of construction, maintainability, and extensibility," said Stephen D. Hendrick, group vice president for
IDC's Application Development and Deployment research group. "Business rules engines are expected to become key development elements of the application infrastructure stack."
IDC defines business rules management systems as tools that centralize the definition, discovery, storage, and submission of the vast quantity of rules used in business operations to provide organizations with greater automation, more responsiveness to change, and less expensive distribution and maintenance of their business activities.2
"The continued success of Blaze Advisor is really a testament to our customers worldwide who use it every day to manage their critical business rules and support smart decisions," said William Waid, vice president, Enterprise Decision Management Technologies, at Fair Isaac. "Being named the clear market leader by IDC for the second straight year also demonstrates our continued investment in and commitment to Blaze Advisor as a cornerstone of our Enterprise Decision Management suite of software and services."
Fair Isaac's industry-leading Blaze Advisor business rules management system allows non-programmers to design, deploy, execute and maintain business rules and policies as part of an automated business application. The software incorporates the advanced Rete III inference engine that helps organizations manage large amounts of data and execute rules faster with complex enterprise-class deployments and more efficiently than other rules management systems. It is the first rules engine to support Java, .NET and COBOL deployment of the same rules. The multi-platform solution supports Web Services and SOA, Java 2 Enterprise Edition (J2EE) platforms, Microsoft .NET and COBOL for z/OS mainframes.
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.
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 Blaze Advisor product offering, and the benefits to be derived from this offering, 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 any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, 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. 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.
1 IDC, "Worldwide Business Rules Management Systems 2007-2011 Forecast and 2006 Vendor Shares," Doc # 208989, October 2007.
2 IDC, "Worldwide Business Rules Management Systems 2007-2011 Forecast and 2006 Vendor Shares," Doc # 208989, October 2007.
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