FICO completes $115M acquisition of Adeptra
MINNEAPOLIS (AP) — Fair Isaac Corp. said Monday that it has completed its $115 million acquisition of privately held fraud prevention company Adeptra Ltd.
The Minneapolis-based analytics company, best known for its FICO credit scoring system, said the deal will expand its offerings for customers, allowing them to detect and resolve issues within one platform.
FICO has worked with Adeptra since 2002 and been an Adeptra reseller since 2007. Adeptra is based in the United Kingdom and Norwalk, Conn.
FICO said it expects the acquisition to add to its earnings in its 2013 fiscal year.
Shares of FICO increased 6 cents to $44.82 by early afternoon.