MONARCH BEACH, CA—September 15, 2010—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it made this year’s InformationWeek 500, an annual listing of the nation’s most innovative users of business technology. This was FICO’s second placement in a row on the annual list, which ranked FICO #165. The 2010 list was revealed last night at a gala awards ceremony at the exclusive InformationWeek 500 Conference taking place at the St. Regis Monarch Beach Resort, Dana Point, CA.
The InformationWeek award recognizes FICO’s CIO division for the FICO Virtual Desktop Strategy, an initiative that involved the virtualization of 600 desktops across 12 server farms. By creating a centrally managed desktop services platform, the CIO is able to control costs, effectively secure confidential data, and improve time to deploy on new requests from the business. The project freed up 8 Terabytes of data storage capacity and reduced costs of desktop deployments by $500,000. The solution improved security of desktop data by leveraging more mature data center security tools and practices for managing privacy. In addition, the centralized virtual desktop platform allows the CIO to deploy and recover desktops from its business units much faster than the traditional physical desktop would allow.
The FICO Virtual Desktop Strategy is built on the core foundation of VMWARE vSphere software, Hewlett Packard blade technology, Cisco Nexus Switching, and Network Appliance virtual storage. The innovative aspect of this deployment at FICO was the adoption of the NFS (Network File System) protocol as the main means of disk connectivity. The NFS protocol provides a resilient and flexible access method that reduces disk I/O overhead, improves the ability to move desktops within different networks, and maximizes the density of the desktop virtualization.
“The virtual desktop approach enables the CIO group and its internal client base to focus more on client-facing projects, and shortens time-to-market for our products and services,” said Deborah Kerr, executive vice president and Chief Technology Officer for FICO. “From developers working on new product innovations to Professional Services teams building proof-of-concept initiatives for clients, the virtual desktop approach enables us to be more nimble and get better use from every resource.”
“For 22 years, the InformationWeek 500 has honored the most innovative users of business technology,” said InformationWeek Editor In Chief Rob Preston. “As we start to emerge from the worst recession in decades, the IT focus is now on driving growth—new sources of revenue, new relationships with customers, even new business models. This year’s ranking placed special emphasis on those companies and business technology executives leading that charge.”
InformationWeek identifies and honors the nation's most innovative users of information technology with its annual 500 listing and also tracks the technology, strategies, investments and administrative practices of America’s best-known companies. The InformationWeek 500 rankings are unique among corporate rankings as it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500.
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.
About InformationWeek Business Technology Network (www.informationweek.com)
The InformationWeek Business Technology Network provides IT executives with unique analysis and tools that parallel their work flow – from defining and framing objectives through to the evaluation and recommendation of solutions. Anchored by InformationWeek, the multimedia powerhouse that looks across the enterprise, the network scales across the most critical technology categories with online properties like DarkReading.com (security), IntelligentEnterprise.com (application architecture), NetworkComputing.com (networking and communications) and PlugintotheCloud.com (cloud computing). The network also provides focused content for key IT audiences, such as CIOs, developers, SMBs and IT Support Managers via InformationWeek Global CIO, Dr. Dobb's, InformationWeek SMB, and HDI respectively, as well as vital vertical industries with InformationWeek Financial Services, Government and Healthcare sites. Content is at the nucleus of our information distribution strategy, and the network provides a deep and rich portfolio of decision-making tools and peer based research through InformationWeek Analytics, the leading service for peer-based IT research and analysis. IT professionals turn to our experts and communities to stay informed, get advice and research technologies to make strategic business decisions. The InformationWeek Business Technology Network is part of UBM TechWeb.
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 June 30, 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.
FICO is a trademark or registered trademark of Fair Isaac Corporation in the United States and in other countries.
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