Constellation Software Completes Agreement with Fair Isaac Corporation to Purchase Its Collection and Recovery Business
FICO (NYSE:FICO), a leading predictive analytics and decision management software company, and Constellation Software Inc. (“Constellation”) (TSX: CSU) have jointly announced that they have completed the sale of FICO’s Collection and Recovery business to Constellation’s Jonas Software operating group, a leading provider of enterprise management software solutions.
For this divestiture, Wells Fargo Securities, LLC served as exclusive financial advisor to FICO and Faegre Drinker Biddle & Reath LLP served as legal counsel to FICO.
About Constellation Software
Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions.
About Jonas Software
Jonas is a global provider of vertical market software solutions, serving a multitude of industries. As an operating group of Constellation Software Inc., Jonas acquires, manages, and builds software businesses that provide specialized, mission-critical, enterprise solutions. Jonas companies invest in becoming leaders in their industries by ensuring that the products and services they offer meet the requirements of their clients in the present and future time horizons. Jonas helps companies improve their operations, grow through organic initiatives, and seek acquisitions to strengthen their market offerings.
Source: FICO Press Release
Also Read: FICO Divest Collection and Recovery Business