Neural Technologies Acquires FICO’s Liquid Credit for Telecom Solution
15 July 2009 - 3:41AM
Business Wire
Neural Technologies, a leading provider of risk management
software solutions, and FICO (NYSE:FIC), the leading provider of
analytics and decision management technology, today announced that
Neural Technologies has acquired a key asset from FICO, the
LiquidCredit� for Telecom solution.
Current customers for FICO�s LiquidCredit for Telecom solution
will experience a seamless transition of their current services and
agreement to Neural Technologies. Further, Neural Technologies has
offered employment to FICO�s 16 telecom division employees who
support this solution, who are primarily located in Norcross,
Georgia.
This acquisition will add considerable strength to Neural
Technologies� acclaimed portfolio of risk management products. The
LiquidCredit for Telecom solution is a web-based instant credit
decisioning solution that provides organisations with a rapid,
precise assessment of risk with all the benefits offered by a
hosted solution, such as rapid implementation and reduced
costs.
Neural Technologies is committed to supporting the existing
global customer base for LiquidCredit for Telecom and to enhancing
and extending the solution to a wider global audience.
Said Ian Gebbett, CEO of Neural Technologies� US operation, �The
acquisition of the LiquidCredit for Telecom solution will
complement our existing world-class, patented technology to deliver
exceptional results in credit risk management. The economic crisis
has led to a heightened interest in solutions that provide
accurate, up-front assessment of risk, and we believe LiquidCredit
for Telecom will become a world leader of great interest to both
our existing and prospective customers looking to manage risk
whilst growing the customer and subscriber base.�
�We�re pleased to be able to place this solution and telecom
industry experts in the hands of a leading provider of risk
management software solutions,� said Dr. Mark Greene, CEO of FICO.
�While we�ve determined that certain aspects of our telecom
industry business no longer fit FICO�s long-term business strategy,
we will continue to support telecom service providers through
offerings like our FICO credit risk scores, custom analytics and
other decision management technologies that help them make their
best customer decisions.�
Terms of the transaction were not disclosed.
About Neural Technologies
Neural Technologies (Nt) has established itself as a leading
provider of risk management software solutions. Formed in 1990, the
company has built upon a foundation in neural analysis and design
to provide quality products that increase bottom-line returns for
its customers.
Nt's solutions empower organisations to minimise financial risk
to their business, providing comprehensive risk management
capability in the areas of fraud, bad debt, customer attrition,
collections, revenue assurance and security.
Nt has twice been ranked in the Sunday Times Tech Track 100
league table of the UK's top technology companies and was named
Large Technology Supplier of the Year 2008 by the British Computer
Society.
The company has a customer base of around 40 organisations
worldwide, comprising AT&T, Sprint, Brasil Telecom, T-Mobile,
MTN, Zain, Telkom SA, Orange, 02, VimpelCom, TDC, GE Money, Axtel,
DiGi Malaysia, Maxis and Digitel.
For more information, visit www.neuralt.com.
About FICO
FICO (NYSE:FIC) 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.
Learn more about FICO at www.FICO.com.
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 quarterly report on Form 10-Q for the period ended March
31, 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 and LiquidCredit are trademarks or registered trademarks of
FICO, in the United States and/or in other countries. Other product
and company names herein may be trademarks or registered trademarks
of their respective owners.
Fair Isaac (NYSE:FIC)
Historical Stock Chart
From May 2024 to Jun 2024
Fair Isaac (NYSE:FIC)
Historical Stock Chart
From Jun 2023 to Jun 2024