New 5-year agreement will accelerate sale
of world-class
FICO analytic solutions to lenders, insurers and retail
businesses in region
Minneapolis, 30 June 2010 –
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.”
About FICO
FICO (NYSE:FICO) transforms business by making every decision
count. FICO’s Decision Management solutions combine trusted
advice, world-class analytics and innovative applications to
give organizations the power to automate, improve and connect
decisions across their business. Clients in 80 countries work
with FICO to increase customer loyalty and profitability, cut
fraud losses, manage credit risk, meet regulatory and
competitive demands, and rapidly build market share. FICO also
helps millions of individuals manage their credit health through
the www.myFICO.com website. Learn more about FICO at
www.fico.com
