SAN JOSE, Calif., June 7, 2021 /PRNewswire/ -- FICO (NYSE:
FICO), a leading predictive analytics and decision management
software company, and Constellation Software Inc. ("Constellation")
(TSX: CSU) jointly announced today that they have
completed the sale of FICO's Collection and Recovery business to
Constellation's Jonas Software operating group, a leading provider
of enterprise management software solutions.
For this divestiture, Wells Fargo Securities, LLC served as
exclusive financial advisor to FICO and Faegre Drinker Biddle
& Reath LLP served as legal counsel to FICO.
About Constellation Software
Constellation acquires,
manages and builds vertical market software businesses that provide
mission critical software solutions.
About Jonas Software
Jonas is a global provider of
vertical market software solutions, serving a multitude of
industries. As an operating group of Constellation Software Inc.,
Jonas acquires, manages, and builds software businesses that
provide specialized, mission-critical, enterprise solutions. Jonas
companies invest in becoming leaders in their industries by
ensuring that the products and services they offer meet the
requirements of their clients in the present and future time
horizons. Jonas helps companies improve their operations, grow
through organic initiatives, and seek acquisitions to strengthen
their market offerings.
About FICO
FICO (NYSE: FICO) powers decisions that
help people and businesses around the world prosper. Founded in
1956 and based in Silicon Valley, the company is a pioneer in the
use of predictive analytics and data science to improve operational
decisions. FICO holds more than 195 US and foreign patents on
technologies that increase profitability, customer satisfaction and
growth for businesses in financial services, telecommunications,
health care, retail and many other industries. Using FICO
solutions, businesses in more than 100 countries do everything from
protecting 2.6 billion payment cards from fraud, to helping people
get credit, to ensuring that millions of airplanes and rental cars
are in the right place at the right time.
FICO is a registered trademark of Fair Isaac Corporation in the
US and other countries.
Learn more at https://www.fico.com.
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SOURCE FICO