FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that it has expanded its relationship with PIC Solutions, its long-standing sales partner in the Middle East and Africa. Under the new agreement, PIC Solutions will continue to market, implement and support innovative FICO solutions for financial services clients while developing new business in the insurance and retail sectors.
Headquartered in Cape Town, South Africa, with offices in Johannesburg and Dubai, PIC Solutions is the leading provider of credit risk management solutions in the region and the largest in the Southern Hemisphere. As a FICO alliance partner, PIC Solutions provides sales and support for the entire suite of FICO products and services, including software support and maintenance, training, consulting, professional services and project management. Clients such as Absa, Edcon, Foschini Retail Group, JD Group, Nedbank, Standard Bank, Truworths and Woolworths Financial Services experience the value of FICO products and services.
"This agreement is a testament to the strength and success of the partnership between PIC Solutions and FICO," said David McAlpin, CEO of PIC Solutions. "Together, our companies combine industry-leading solutions and international expertise with in-depth local knowledge and the responsiveness that only a strong local presence can deliver."
"FICO's new multi-year agreement with PIC Solutions will enable us to continue expanding geographically as well as into new vertical markets in this region," said Mike Gordon, FICO managing director and vice president for Europe, the Middle East and Africa. "Financial service clients already recognize the value of FICO's advanced analytics to their profitability. Now the region's insurance and retail leaders are asking for proven decision management solutions that only FICO and PIC Solutions can provide."