BriefsFair, Isaac and HNC Software are Merging
Merged Company Will Provide End-to-End Solutions for Customer Acquisition, Management and Optimization
SAN RAFAEL, Calif. & SAN DIEGO--(BUSINESS WIRE)--April 29, 2002-- Fair, Isaac and Company, Incorporated (NYSE:FIC - news) and HNC Software Inc. (Nasdaq:HNCS - news) today announced plans to join forces in a merger that will create an unmatched provider of leading-edge business analytic solutions for a broad range of industries. The companies will merge under the Fair, Isaac.
Under the merger agreement, valued at $810 million, HNC stockholders will own approximately 35 percent of the total outstanding capital stock of the merged company. Tom Grudnowski will remain the chief executive officer of Fair, Isaac. The integration effort will be managed by a combined team of Fair, Isaac and HNC leaders headed by Mark Pautsch, vice president of product development at Fair, Isaac.
HNC is a provider of high-end analytic and decision management software that helps companies manage customer interactions by converting data and customer transactions into real time recommendations. Fair, Isaac develops creative analytics which include predictive modeling, decision analysis, intelligence management and decision engine systems.
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