Fair Isaac
From Wikipedia, the free encyclopedia
| Fair Isaac Corporation | |
 |
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| Type | Public company (NYSE: FIC) |
|---|---|
| Founded | 1956 |
| Headquarters |  Minneapolis, Minnesota |
| Key people | Charles M. Osborne CEO |
| Products | FICO score, Blaze Advisor, Triad, Capstone, Falcon |
| Employees | 2700 (2005) |
| Slogan | It's just a smarter way to do business |
| Website | www.fairisaac.com |
Fair Isaac Corporation (NYSE: FIC), founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, provides consulting services and decision management systems. They developed the FICO scores, a measure of credit risk, that are the most used credit scores in the world. FICO scores are available through all of the major consumer reporting agencies in the United States and Canada: Equifax, Experian and TransUnion. (FICO is a registered trademark of Fair Isaac Corporation).
Fair Isaac's current corporate headquarters are located in Minneapolis, Minnesota, USA with offices in North America, South America, Europe, Australia, and Asia. The company employs about 3000 people (2006) with revenue of about $800 million (2005).
[edit] Company milestones
- 1958 - Fair Isaac starts building credit scoring systems.
- 1970 - First credit card scoring system delivered.
- 1975 - First behaviour scoring system to predict credit risk related to existing customers.
- 1981 - Introduction of Fair Isaac credit bureau scores.
- 1986 - IPO, stock listed at NASDAQ.
- 1991 - Introduction of TRIAD, a credit card management system.
- 1996 - Stock moves from NASDAQ to NYSE.
- 1997 - The American Bankers Association honors Bill Fair and Earl Isaac with Distinguished Service Award for their pioneering work in credit scoring.
- 2002 - Merger with HNC Software, Inc., adding fraud detection to their arsenal with the $100 million Falcon product line and strengthening their analytics offerings in the insurance and telecommunications markets.
- 2003 - Fair, Isaac and Company is renamed Fair Isaac Corporation
- 2004 - Acquisition of London Bridge Software, expanding services to credit collections and recovery software. Opens a new analytic consulting and product development center in Bangalore, India targeted primarily at Asia Pacific markets.
- 2005 - Acquisition of RulesPower, bringing Rete III algorithm to Blaze Advisor.
