LONDON—November 8, 2011—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it has signed a partnership agreement with eSofties, which will represent FICO throughout West Africa.
Under the agreement, eSofties will focus on selling and delivering FICO® Blaze Advisor® business rules management system, a leading software tool for creating flexible, high-performance business applications. In addition, eSofties will act as a referral agent for other FICO applications in banking, such as the industry-leading FICO® Debt Manager™ solution and FICO® TRIAD® Customer Manager, which are heavily used in other African countries.
“The growth these past few years in our region in electronic financial transactions has been unprecedented,” said Nweike Onwuyali, founder and CEO of eSofties Solutions Ltd..” The challenges that come with this growth can be quite diverse and monumental. FICO brings to this market a full suite of enterprise applications, a global knowledge of the financial industry and several decades of industry expertise. We are confident that our partnership will enable financial organizations in West Africa to take greater control over the decisions they make every day, and deliver services more effectively and efficiently.”
“The demand for decision management and credit risk management solutions is growing rapidly in West Africa,” said Mike Gordon, FICO vice president and general manager for Europe, the Middle East and Africa. “We have found that eSofties has a superlative reputation for client service and project success in the region. Together, we can plan an important role in helping banks and other businesses in this region automate decisions, increase their growth and reduce their costs.”
eSofties Solutions Limited is one of Nigeria’s leading providers of robust, scalable and versatile enterprise software solutions for government and private industry. The company has provided qualitative solutions to states across Nigeria. eSofties Solutions Limited continues to grow in the competitive information technology market by offering broad-based experience; a stable, dedicated, and knowledgeable staff; and a commitment to finding innovative and cost-effective solutions to their customers’ technology and business needs. Learn more at www.esoftiesnigeria.com.
FICO (NYSE:FICO), formerly known as Fair Isaac, 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 industry-leading solutions for measuring credit risk, 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: Make every decision count™.
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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, 2010 and its last quarterly report on Form 10-Q for the period ended June 30, 2011. 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, Falcon, TRIAD, Blaze Advisor 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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