Roundup: Fair Isaac Acquires NAREX for Collections
Fair Isaac Corp., provider of credit analytics and decision technology, will acquire NAREX, a provider of analytic services for collections and recovery, in a $10 million cash transaction.
The Golden, Colo.-based firm will become a new operating unit within Fair Isaac's global account management solutions division.
Fair Isaac said the acquisition extends the reach of its account management solutions across the entire credit customer lifecycle. Industry-standard Fair Isaac products such as the FICO score and TRIAD adaptive control systems enable businesses to leverage advanced analytics to target customers, book new accounts, establish credit lines and manage early stage collections, the company said.
NAREX's expertise gives Fair Isaac the added ability to drive businesses' late stage collection and recovery strategies, Fair Isaac said.
"The addition of NAREX's people and solutions will help us create an even more powerful analytic value proposition for businesses focused on making smarter, more profitable decisions at every stage of the credit customer lifecycle," said Tom Grudnowski, CEO of Fair Isaac.
"The acquisition is a strategic fit that we believe will deliver significant opportunity and bottom-line benefits for customers of both companies, while positioning
Fair Isaac to immediately address a growing priority for credit grantors and debt recovery agents."
Fair Isaac said the acquisition will have negligible revenue impact, but it reduced its fourth-quarter earnings per share guidance by one cent to reflect the cost of the transaction. Fair Isaac now expects fourth-quarter EPS of $0.62 to $0.64.
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