Creates the broadest Cloud and on-premise offering for predictive analytics modeling
FICO (NYSE:FICO), a leading predictive analytics and decision management software company, announced its intention to acquire InfoCentricity, a private, software-as-a-service-based predictive analytics software company based in Novato, California. The transaction is expected to close in April, 2014, upon satisfaction of typical closing conditions. Although terms were not disclosed, the transaction is not expected to have a material impact on the company’s 2014 financial results.
With this acquisition, FICO immediately has the broadest offering for predictive analytics modeling, available in the cloud and on-premise. FICO will leverage the InfoCentricity products, including Xeno® model development software and Strategy Trees decision strategy software, as valuable additions to the FICO Analytic Cloud.
Besides valuable technology, this acquisition adds to FICO’s list of blue-chip clients in financial services, retail and other industries, as well as to its talented and experienced team of analytic scientists and developers.
Source: FICO Press Release