Fair Isaac acquisition advances

May 25, 2004

Deal expected to close this week


Inman News

Fair Isaac Corp., a leading provider of analytics and decision technology, has received valid acceptance for about 88 percent of shares of London Bridge Software Holdings.

As of May 21, Fair Isaac controlled or had received acceptances for 91.9 percent of London Bridge outstanding share capital.

Fair Isaac received U.S. regulatory approval clearance for the acquisition May 12. The company expects the acquisition to close this week.

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


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