First Data Corp. to Acquire Data Analytics Company Intelligent Results.OMAHA Omaha, city, United States Omaha (ō`məhä, –hô), city (1990 pop. 335,795), seat of Douglas co., E Nebr., on the west bank of the Missouri River; inc. 1857. , Neb. -- First Data Corp. (NYSE NYSE See: New York Stock Exchange :FDC FDC - Floppy Disk Controller ), a global leader in electronic commerce payments today announced that it has signed an agreement to acquire Intelligent Results, a customer data analytics and decision management software company. Intelligent Results has developed a proprietary customer analytics and decision management platform that integrates and automates the data analytics to action process. The company currently serves clients in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , utilities and government services markets. "The acquisition of Intelligent Results allows us to continue to secure transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. volume by integrating high-quality, value-added analytics products into the processing stream, and clearly supports First Data's strategies of growing its core business and expanding its products," said Sara Bonn, chief product and innovation officer, First Data. "The complementary strengths of First Data and Intelligent Results will result in a safe and secure deployment of advanced technology for product development and deployment." "Joining the First Data family will enable Intelligent Results to evolve our products at a faster pace and leverage the strengths of a company that has a 35+ year history of providing secure, high-volume complex transactions services for many of the world's leading financial institutions and merchants," said Kelly Pennock, 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. , Intelligent Results. First Data anticipates closing the transaction in the first quarter of 2007. Financial terms were not disclosed. About First Data First Data Corp. (NYSE:FDC) is a leading provider of electronic commerce and payment solutions for businesses worldwide. Serving 4.9 million merchant locations, 1,900 card issuers and their customers, First Data powers the global economy by making it easy, fast and secure for people and businesses around the world to buy goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. using virtually any form of payment. The company's portfolio of services and solutions includes merchant transaction processing services; credit, debit, private-label, gift, payroll and other prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. card offerings; fraud protection and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC.(2) Verifying the identity of a user logging into a network. solutions; electronic check acceptance services through TeleCheck; as well as Internet commerce and mobile payment solutions. The company's STAR Network offers PIN-secured debit acceptance at 2 million ATM and retail locations. For more information, visit www.firstdata.com. About Intelligent Results Intelligent Results enables companies in financial services, utilities, telecom, government, and retail to manage their business more dynamically with a new standard in customer analytics and decision management. The Intelligent Results PREDIGY(TM) software platform allows companies to better understand and predict customer behavior and then quickly plan and operationalize targeted strategies. This empowers companies to improve the customer experience, allocate resources more effectively, and increase profitability. Intelligent Results' approach, platform and applications result from 20 years experience that began in the national labs. www.intelligentresults.com Additional information regarding this announcement is available at http://ir.firstdatacorp.com. FDC - 1 |
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