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March 23, 2011
Singapore and Chennai, India—22 March 2011—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and Saksoft (NSE: SAKSOFT), the Information Management Specialist company, today announced an agreement to market solutions jointly in India. The distribution agreement covers FICO’s decision management solutions and custom analytics – including FICO® TRIAD® Customer Manager and FICO™ Blaze Advisor® business rules management – in combination with Saksoft’s technology, products and systems integration services.
FICO® TRIAD® Customer Manager is the leading credit account and customer management solution, with advanced analytics and strategy consulting and tools. FICO™ Blaze Advisor® is the world's leading business rules management system, which provides companies across industries with a scalable solution that delivers agility and easy-to-implement smarter business decisions.
In India, FICO works with the top three payment banks, several non-bank financial companies, and has an Analytics Center of Excellence in Bangalore that houses research and development. The two companies’ complementary expertise will enable them to deliver technology solutions that optimize business processes and decision management for clients, principally in the banking and insurance space.
Dan McConaghy, President and Managing Director for FICO Asia Pacific, said, “The Indian financial services climate is particularly dynamic with aggressive corporate expansion plans, credit growth, merger and acquisition activities, new players waiting to get banking licenses, and companies looking to grow quickly yet profitably. FICO has been delivering predictive analytic solutions to help Indian banks and other organizations driver smarter decisions and profitable growth. Having Saksoft — a world-class information management company with significant experience in the sectors we serve — as a partner 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 Banking technologies and wide-ranging capabilities gives us a more powerful and broader value proposition for our clients in India,” said Aditya Krishna, Saksoft’s CEO. “Together we can help companies accelerate the integration of advanced analytics and decision management solutions into their operations.”
About Saksoft Saksoft is a leading provider of Information Management Solutions to successful companies around the world. We deliver success to the enterprise by helping to consolidate, organize and manage the huge volume of data collected by your business. Working with data sources that are often disparate and complex, we make accurate, high quality, relevant information readily available to the people that need it. And by being better informed, they are empowered to make key decisions and implement strategies for making the enterprise successful.
About FICOFICO (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.
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