MINNEAPOLIS — January 20, 2010 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Charles Ill will join the company on February 1, 2010, as executive vice president of sales and marketing.
Mr. Ill’s distinguished career in sales and marketing most recently involved leading the worldwide sales organization at Avaya, a provider of enterprise communications systems. Prior to joining Avaya, Mr. Ill spent two years at BEA Systems managing the worldwide software sales and technical support team, and approximately 25 years in various senior executive roles with IBM Corporation, most recently leading worldwide software sales and marketing functions.
“We’ve been hard at work building solutions that our customers need to manage risk, minimize fraud, and boost profitability,” said Mark Greene, chief executive officer at FICO. “With his impressive track record leading some of the technology industry’s highest-performing sales and marketing organizations, Charlie Ill is the right leader to catalyze FICO’s growth as we take our solutions to market. We anticipate exciting things with him on board.”
“Now is the time to convert FICO’s potential into tangible results,” commented Ill. “FICO’s Decision Management solutions speak directly to the heart of what businesses across the globe are grappling with. Working in partnership with our customers, we’re going to amplify the value they derive from FICO solutions, and accelerate our own growth in the process.”
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.
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 subsequent quarterly reports on Form 10-Q. 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 of Fair Isaac Corporation in the United States and in other countries.
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