Decisioning Solutions Acquires FICO’s RoamEx Business
22 July 2009 - 5:55AM
Business Wire
Decisioning Solutions Inc., a leading provider of decision
technology, and FICO (NYSE:FIC), the leading provider of analytics
and decision management technology, today announced that
Decisioning Solutions has acquired all assets and has successfully
hired the majority of employees of FICO�s RoamEx business through
its affiliate company, RoamEx Inc., thereby expanding Decisioning
Solutions� worldwide telecommunications presence.
The transaction was structured to ensure seamless business
continuity for RoamEx staff and, more importantly, its clients.
There will be no changes to RoamEx�s current operations, with its
primary location and employees remaining in New Jersey, ensuring no
interruptions in the quality of service RoamEx clients have come to
expect.
Established in 1993, RoamEx is the pioneering leader in wireless
fraud roaming detection and prevention. The strategic nature of
this acquisition will result in the development and release of many
new features in both the short and long term. Significant
enhancements will include optimizing the current detection and
prevention of wireless roaming fraud utilizing Decisioning
Solutions� industry-leading decision engines.
�We are very excited about this particular acquisition as it
adds to Decisioning Solutions� overall worldwide telecommunications
presence, increasing our footprint in this dynamic industry to the
servicing of over 70 leading providers spanning 17 countries,�
stated Darren Perko, President & CEO, Decisioning Solutions.
�This acquisition mutually benefits both RoamEx and Decisioning
Solutions� clients as RoamEx solutions will be enhanced with
proprietary Decisioning Solutions technologies. Also, current
Decisioning Solutions clients (using RoamEx) will have increased
visibility into large amounts of detailed predictive data that can
complement current decision strategies. It�s truly an acquisition
that will benefit all parties involved.�
�We�re pleased to have completed this transaction with
Decisioning Solutions, whose expertise and state-of-the-art
solutions are highly regarded in the telecommunications
marketplace,� said Dr. Mark Greene, CEO of FICO. �While 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 technologies that help them make
every customer decision count.�
Terms of the transaction were not disclosed.
About Decisioning Solutions
Decisioning Solutions Inc., provides organizations with
industry-leading state-of-the-art customer decisioning and
ancillary solutions for use throughout the customer lifecycle to
clients in many industries around the world. The solutions are 100%
customer administered and configured without IT or vendor
involvement and deliver unparalleled flexibility and robust
capabilities with extreme ease of implementation and
configuration.
Decisioning Solutions offers application processing systems,
decision retrieval tools, data mining/reporting tools, fraud
detection and prevention systems and predictive modeling solutions
to empower the decision-making process from pre-acquisition to
retention. Decisioning Solutions also provides customers with an
array of sophisticated decisioning features such as unlimited
champion/challenger, tri-score matrixing, derived variables and
predictive model hosting.
�Decisioning Solutions is changing the way companies make
customer decisions by turning data into knowledge, knowledge into
action, action into profit.� For more information, visit
www.decisioningsolutions.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 is a trademark or registered trademark of Fair Isaac
Corporation 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.
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