Merging Credit-Analysis Technologies - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Merging Credit-Analysis Technologies

Fair, Isaac & Co. plans to acquire HNC Software Inc. in a deal valued at $810 million.

Two pioneers in the use of data mining for credit analysis applications are combining forces. Fair, Isaac & Co. Inc., which develops credit scoring and statistics-based predictive technology for consumer credit companies, plans to acquire HNC Software Inc., a developer of credit fraud-detection software, in a stock deal valued at $810 million.

HNC makes software to spot suspicious buying that suggests credit-card fraud, and the San Diego company also makes software for monitoring merchant transactions, looking for fraud in the financial services, health-care, and telecommunications industries. Fair, Isaac of San Rafael, Calif., says combining the companies' technologies will create a broad line of business-analysis applications.

The deal is expected to close in the third quarter, pending regulatory approval and approval by each company's stockholders. Once the acquisition is complete, HNC stockholders will own approximately 35% of Fair, Isaac. Fair, Isaac (FIC-NYSE) reported sales of $329.1 million last year, while HNC (HNCS-Nasdaq) reported sales of $226.7 million.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
CIOs Face Decisions on Remote Work for Post-Pandemic Future
Joao-Pierre S. Ruth, Senior Writer,  2/19/2021
Slideshows
11 Ways DevOps Is Evolving
Lisa Morgan, Freelance Writer,  2/18/2021
News
CRM Trends 2021: How the Pandemic Altered Customer Behavior Forever
Jessica Davis, Senior Editor, Enterprise Apps,  2/18/2021
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll