Fair, Isaac Wraps HNC Software Merger

Share this article:
Fair, Isaac and Company Inc., San Rafael, CA, said yesterday that it completed its previously announced merger with HNC Software Inc.


The merger combines two technology companies with complementary products. Fair, Isaac offers analytic solutions while HNC offers software that supports mission-critical decisions and minimizes risk and fraud.


The announcement follows receipt of regulatory clearance for the merger plan Aug. 1 and approval by stockholders of Fair, Isaac and HNC on July 23. HNC shareholders will receive 0.519 of a newly issued share of Fair, Isaac common stock for every share of HNC common stock.


Along with the merger's closing, Fair, Isaac announced the appointment of two HNC directors to Fair, Isaac's board of directors. Fair, Isaac's board now totals nine members. The new members are Alex Hart, who has been an HNC director since October 1998 and is an independent consultant to the consumer financial services industry; and Thomas Farb, a general partner and chief financial officer for the Boston office of Summit Partners, one of the country's largest investment firms. Farb served on the HNC board and Audit Committee since 1987.


Share this article:
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Harvard Prof: Marketers Need to Step Up Their Predictive Abilities

Harvard Prof: Marketers Need to Step Up Their ...

Statistics expert Edo Airoldi says data must be paired with predictive analytics before marketers can truly forecast customer behavior.

The (Marketer's) TV Guide

The (Marketer's) TV Guide

Public broadcasting station WGBH in Boston cleans up its dirty data and boosts donations.

Acxiom Mobilizes and Socializes SMBs

Acxiom Mobilizes and Socializes SMBs

MyAcxiomPartner.com enables simple campaigns for social and mobile channels.