Constellation Software Completes Agreement with Fair Isaac Corporation to Purchase Its Collection and Recovery Business
June 07 2021 - 4:15PM
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 SoftwareConstellation
acquires, manages and builds vertical market software businesses
that provide mission critical software solutions.
For further information, contact: Constellation Software Inc.
Jamal Baksh, Chief Financial Officer Tel: (416)
861-9677jbaksh@csisoftware.com www.csisoftware.com
About Jonas SoftwareJonas 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.
For further information, contact: Greg Jawski for FICOEmail:
greg.jawski@porternovelli.comPhone: +1 212-601-8248
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