MINNEAPOLIS—September 13, 2010—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it has been ranked first in worldwide market share for a critical category of analytics applications, according to a new report from technology analyst firm IDC. FICO dominated the services operations category for the fifth year in a row with 22 percent market share, nearly three times as much as the next-largest provider.
The IDC report, titled “Worldwide Supply Chain, Production Planning, Services Operations and Workforce Analytics Applications 2009 Vendor Shares,” (IDC #224427, Aug 2010) ranks analytics providers across multiple categories for the period from 2007 to 2009. FICO’s ranking in the services operations segment of the market is based upon calendar 2009 license and maintenance revenue for the company’s analytic applications.
"The services operations analytic applications market has been led by FICO for an impressive five years with its suite of software for the financial services industry," said Brian McDonough, research manager for IDC's Business Analytics Solutions, who wrote the report. "More organizations are realizing that optimization of key operational processes requires proven analytic application capabilities, and FICO is well positioned to benefit from this trend."
“In a difficult economic period, businesses need to find new ways to compete, and many are finding analytics to be highly valuable for accomplishing this,” said Dr. Andrew Jennings, FICO’s chief research officer and head of FICO Labs. “At FICO, we work with forward-thinking clients who understand the power of analytics to increase revenues while managing risk and reducing costs. We believe the analytics market is poised for greater growth as more businesses seek the competitive advantages these applications produce.”
According to IDC, the combined market for supply chain, production planning, services operations and workforce management analytics was $4.1 billion in 2009. The services operations segment that FICO led accounted for approximately $1.3 billion of that total.
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 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.
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