MINNEAPOLIS—August 20, 2012— FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, and Savvis, a CenturyLink company (NYSE: CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that FICO has selected Savvis to deliver FICO® Debt Manager® as a service in the cloud to lenders and collection agencies.
FICO Debt Manager transforms collection and recovery processes for credit card accounts, secured and unsecured loans, mortgages and deposit/current accounts with game-changing adaptive control capabilities, and a flexible architecture that aligns with business needs. Built using a Service Oriented Architecture, FICO Debt Manager allows lenders of all sizes and portfolios to implement the solution with multiple configuration options and work in public, private and hybrid cloud environments.
Already a leading collections and recovery solution, FICO Debt Manager is now optimized for Savvis data center services and Savvis Symphony Dedicated Cloud, an enterprise-class cloud computing solution. This means that lenders are now able to deploy the solution faster, cut collection costs, improve productivity and collect more from delinquent customers.
“The portfolio mix has changed for lenders and collection agencies, including length accounts stay in collections, increase in “good” customers who are delinquent, and the massive increase in debt volume, requiring even faster response and proper treatment of each account,” said Stuart Wells, chief technology officer at FICO. “Lenders and collection agencies need debt management solutions built with a modern architecture that can be deployed quickly in multiple environments including private, public and hybrid clouds. By working with Savvis, FICO is now offering our clients the flexibility and agility they need to improve collections and recovery results in this very challenging environment.”
“The strategic agreement between Savvis and FICO delivers business value to both FICO and its customer base,” said Bill Fathers, president of Savvis. “By pairing Savvis’ enterprise-class cloud services with FICO’s leading collection and recovery solution, FICO will have the secure, agile and scalable platform it needs to deliver fully integrated global solutions to lenders and collection agencies.”
Savvis, a CenturyLink company, is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing.
CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers. CenturyLink provides data, voice and managed services in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centers for businesses and consumers. The company also offers advanced entertainment services under the CenturyLinkTM PrismTM TV and DIRECTV brands. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America’s largest corporations.
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com.
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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 plan, 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, 2011 and its last quarterly report on Form 10-Q for the period ended June 30, 2012. 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, FICO Debt Manager and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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