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.
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Commentary
New Storage Trends Promise to Help Enterprises Handle a Data Avalanche
John Edwards, Technology Journalist & Author,  4/1/2021
Slideshows
11 Things IT Professionals Wish They Knew Earlier in Their Careers
Lisa Morgan, Freelance Writer,  4/6/2021
Commentary
How to Submit a Column to InformationWeek
InformationWeek Staff 4/9/2021
Register for InformationWeek Newsletters
Video
Current Issue
Successful Strategies for Digital Transformation
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
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