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Roundup: Fair Isaac Acquires NAREX for Collections.(Brief Article)
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 ...
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Source: HighBeam Research, Roundup: Fair Isaac Acquires NAREX for Collections.(Brief Article)