MINNEAPOLIS and SAO PAULO—September, 14th, 2010—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and Bull (PSE: BULL), the premier European-based global IT supplier, today announced an agreement to market solutions jointly in Latin America. The distribution agreement covers FICO’s decision management solutions and custom analytics in combination with Bull’s technology and systems integration services.
Under this agreement, Bull and FICO will define and market joint solutions in Latin America. The two companies’ complementary expertise will enable them to deliver technology solutions that optimize business processes and decision management for clients, principally in the financial services and insurance.
Both companies have been expanding their operations in Latin America. FICO’s regional operations are based in Brazil, with clients in more than 13 countries, including Mexico, Argentina, Chile, and Peru. Bull, with its Latin America operations based in São Paulo, Brazil, has particular strength in financial services, with the top 10 Brazilian banks as clients. The global IT giant also has an established presence in Argentina and Uruguay, and is entering new markets in Chile, Peru, Colombia and Mexico.
“Partnerships are essential to our growth strategy in Latin America” said Andreas Suma, Senior Director for FICO, who oversees FICO’s operations in Latin America from the company’s São Paulo office. “Having Bull as a partner — a world-class systems integrator with significant experience in the sectors we serve — means we can offer clients a faster and more expansive path to adopting technology for risk management, fraud detection, business rules management and more.”
“Combining the full FICO solution set with our know-how in consulting services and wide-ranging capabilities gives us a more powerful and broader value proposition for clients operating in Latin America,” said Eraldo da Silveira, Bull’s Financial Services Head for Latin America. “Together we can help companies accelerate the integration of advanced analytics and decision management solutions into their operations.”
About Bull, Architect of an Open World
Bull is an information technology company, dedicated to helping corporations and public sector organizations optimize the architecture, operations and the financial return of their information Systems and their mission-critical related businesses. Bull focuses on open and secure systems, and as such is the only European-based company offering expertise in all the key elements of the IT value chain. For more information visit: http://www.bull.com .
FICO (NYSE:FICO) 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.
FICO Statement Concerning Forward-Looking Information
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 initiative, 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, 2009 and its last quarterly report on Form 10-Q for the period ended March 31, 2010. 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.
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