MINNEAPOLIS—August 18, 2009 - FICO (NYSE:FICO), the leading provider of analytics and decision management technology, announced today that it once again ranked number one in worldwide market share for a critical category of analytics applications, according to a newly published report from technology analyst firm IDC.1 FICO dominated the category for the fourth year in a row with a 24.4% market share, more than three times as much as the nearest competitor.
Entitled “Worldwide Supply Chain, Production Planning, Services Operations and Workforce Analytics Applications 2008 Vendor Shares,” the IDC report examines the financial performance of business analytics providers across multiple categories for the period from 2006 to 2008. The services operations segment of the market, which FICO led, includes applications that automate tasks related to repeatable business processes in specific service industries. FICO’s ranking is based upon calendar 2008 license and maintenance revenue for the company’s Decision Management Applications.
"Vendors in the services operations analytic applications market must be able to provide best practice decision-making capabilities within their offerings while developing functionality in line with the industry de facto standards for core BI features," said Dan Vesset, VP, business analytics research at IDC. "It is not enough to simply be an expert in BI functionality or to have strong business process expertise. Success in the analytic applications market requires a vendor to have expertise in both fields. FICO's ability to apply business analytics solutions to customer relationship and risk management processes within a few key industry segments is a big reason for the company's top spot in this market."
“Service industries are experiencing unprecedented economic pressure to increase efficiencies and reduce costs,” said Jane Johnson, vice president at FICO. “FICO has maintained a commanding lead in analytics applications for this critical category, and for good reason: we possess deep understanding of our clients’ requirements, and deliver the value they require to succeed.”
According to IDC, the combined market for supply chain, production planning, services operations and workforce management analytics reached $4.3 billion in 2008. 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 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, 2008, and its last quarterly report on Form 10-Q for the period ended June 30, 2009. 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.
1IDC, Worldwide Supply Chain, Production Planning, Services Operations, and Workforce Applications 2008 Vendor Shares, Doc # 219132, July 2009
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