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FICO Acquires Infoglide, A Leading Provider Of Entity Resolution And Social Network Analysis

Stocks in this article: FICO

Banks, insurance companies and government agencies use this technology to expose money laundering schemes, uncover criminal rings, detect insider fraud, enhance securing screening processes, understand and uncover terrorist networks, and investigate crime. For example, if an insurance claim looks suspicious, Infoglide software searches for matching phone numbers or addresses in other databases to find connections that may indicate a fraud ring. One client, the Maryland Automobile Insurance Fund, reported that it would take investigators almost 30 days to pull together all the paper files they needed to connect information on a possibly fraudulent claim. After the implementation of Infoglide IRE, they now connect this information the same day, and start investigating the most suspicious cases immediately.

The Infoglide acquisition further extends FICO's leadership in enterprise fraud management. The company's solutions include FICO® Falcon® Fraud Manager, which protects more than 2.5 billion payment accounts worldwide; FICO® Insurance Fraud Manager and FICO® Application Fraud Manager. FICO was recently awarded "best-in-class" status by CEB TowerGroup for card fraud and enterprise fraud management, and named a leader in the Q2 2013 report The Forrester Wave™: Enterprise Fraud Management.

For more information, visit www.fico.com/infoglide.

About FICOFICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the FICO ® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count .

For FICO news and media resources, visit www.fico.com/news.

Statement Concerning Forward-Looking InformationExcept for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2012 and its last quarterly report on Form 10-Q for the period ended December 31, 2012. If any of these risks or uncertainties materializes, FICO's results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO, Falcon and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

SOURCE FICO

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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