Fair Isaac deal completed
|May 28, 2004|
Credit scorer buys London Bridge Software
Fair Isaac Corp., a leading provider of analytics and decision technology, today announced it has finished its acquisition of London Bridge Software Holdings.
"The addition of London Bridge creates new opportunities for both companies' customers to achieve growth, efficiency and a distinct advantage in a complex and competitive marketplace," said Tom Grudnowski, CEO of Fair Isaac. "Through London Bridge's proven and globally installed collections and recovery platform, we will be able to make an even bigger impact in the industries we serve and improve decisions that are critical to our customers' business success by delivering the power of our analytics at another critical point in the customer lifecycle."
Fair Isaac received U.S. regulatory approval clearance for the acquisition May 12.
Fair Isaac provides creative analytics, including predictive modeling, decision analysis, intelligence management, decision management systems and consulting services. Founded in 1956, the company also provides the FICO score, the standard measure of credit risk.
London Bridge Group, which has more than 1,600 clients worldwide, provides a portfolio of software and e-commerce services, including customer and enterprise management software, banking software, credit management software and mortgage lending software.
Copyright: Inman News Features