Fair Isaac Completes Acquisition of London Bridge.Business Editors/High-Tech Writers MINNEAPOLIS--(BUSINESS WIRE)--May 28, 2004 Acquisition Adds Critical Credit and Debt Management Capabilities to Company's Roster of Leading Customer Lifecycle Solutions Fair Isaac Fair Isaac Corporation (NYSE: FIC), founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, provides consulting services and enterprise decision management systems. Corporation (NYSE NYSE See: New York Stock Exchange :FIC FIC First International Computer FIC Fogarty International Center (John E. Fogarty International Center for Advanced Study in the Health Sciences; National Institutes of Health) FIC Fellowship for Intentional Community ), the leading provider of analytics and decision technology, today announced the closing of its acquisition of London Bridge London Bridge, granite, five-arched bridge formerly over the Thames, in London, England. It is 928 ft (283 m) long and was designed by John Rennie and built between 1824 and 1831. Software Holdings plc. The addition of London Bridge's talent and technologies extends Fair Isaac's ability to deliver analytics-driven decision strategies across the entire credit customer lifecycle. Fair Isaac is an established leader in analytic technologies that drive smart, profitable decisions in account originations, account management and fraud control. London Bridge provides Fair Isaac with an additional platform for delivering analytics-powered decisions at the collections and recovery stage. "The addition of London Bridge creates new opportunities for both companies' customers to achieve growth, efficiency and a distinct advantage in a complex and competitive marketplace," said Tom Grudnowski, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Fair Isaac. "Through London Bridge's proven and globally installed collections and recovery platform, we will be able to make an even bigger impact in the industries we serve and improve decisions that are critical to our customers' business success by delivering the power of our analytics at another critical point in the customer lifecycle." In addition to providing opportunities to leverage London Bridge's complementary presence in the credit industry, the acquisition enhances Fair Isaac's presence and growth opportunities internationally. Fair Isaac representatives will discuss the business and financial implications of the acquisition during a conference call on Wednesday, June 2, 2004 at 5:00 p.m. Eastern Time (U.S.). The dial-in number for U.S. and Canada participants is (800) 603-9523. The dial-in number for international participants is (706) 679-7702. The conference ID code for all participants is 7787384. A recording of the conference call will be available through June 9, 2004 at (800) 642-1687 (U.S. and Canada) or (706) 645-9291 (international). The recording may be accessed using conference ID code 7787384. About Fair Isaac Fair Isaac Corporation (NYSE:FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunications providers, healthcare organizations and government agencies. Through the www.myFICO.com Web site, consumers use the company's FICO FICO See: Financing corporation (R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit www.fairisaac.com. About London Bridge Group London Bridge Group has over 1,600 clients worldwide and provides a comprehensive portfolio of software and e-Commerce solutions including Customer and Enterprise Management Software, Banking Software, Credit Management Software and enterprise-wide Mortgage Lending software. London Bridge Group has offices in Atlanta, Orlando, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Wellesbourne, Germany, S. Africa, Australia and Singapore. London Bridge Software Holdings plc is listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LNB LNB Low Noise Block LNB Laredo National Bank (Texas) LNB Low Noise Block downconverter (satellite television) LNB Low NOx Burner LNB Lubbock National Bank (Texas) ). Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac or its business or London Bridge or its business are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the company's ability to recruit and retain key technical and managerial personnel, integration and related risks associated with acquisition activity, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, competition, regulatory changes applicable to the use of consumer credit and other data, the possibility that the anticipated benefits of acquisitions, including expected synergies, will not be realized and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended September 30, 2003 and its Form 10-K for the quarter ended March 31, 2004. If any of these risks or uncertainties materializes, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements. The Offer will not be made, directly or indirectly, in or into the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or by use of the mails of, or by any means or instrumentality Instrumentality Notes issued by a federal agency whose obligations are guaranteed by the full-faith-and-credit of the government, even though the agency's responsibilities are not necessarily those of the US government. (including, without limitation, facsimile or other electronic transmission, telex or telephone) of inter-state or foreign commerce of, or any facility of, a national, state or other securities exchange of, the United States, nor will it be made directly or indirectly in or into Canada, Australia or Japan and the Offer cannot be accepted by any such use, means, instrumentality or facility or from within the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction. Accordingly, copies of this press announcement, the Offer Document and the Form of Acceptance are not being, will not be and must not be mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction and persons receiving this press announcement, the Offer Document and Form of Acceptance (including without limitation custodians, nominees and trustees) must not mail, forward, distribute or send them in, into or from the United States, Canada, Australia or Japan or any other such jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction. Fair Isaac and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be trademarks of their respective owners. |
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