Fair Isaac completes acquisition of London Bridge
Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, today announced the closing of its acquisition of London Bridge Software Holdings plc.
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The addition of London Bridge's talent and technologies extends Fair Isaac's ability to deliver analytics-driven decision strategies across the entire credit customer lifecycle. Fair Isaac is an established leader in analytic technologies that drive smart, profitable decisions in account originations, account management and fraud control. London Bridge provides Fair Isaac with an additional platform for delivering analytics-powered decisions at the collections and recovery stage.
"The addition of London Bridge creates new opportunities for both companies' customers to achieve growth, efficiency and a distinct advantage in a complex and competitive marketplace," said Tom Grudnowski, CEO of Fair Isaac. "Through London Bridge's proven and globally installed collections and recovery platform, we will be able to make an even bigger impact in the industries we serve and improve decisions that are critical to our customers' business success by delivering the power of our analytics at another critical point in the customer lifecycle."
In addition to providing opportunities to leverage London Bridge's complementary presence in the credit industry, the acquisition enhances Fair Isaac's presence and growth opportunities internationally.