FICO to Acquire Adeptra

Source: FICO and Adeptra, 16th August 2012

FICO will acquire Adeptra for an all-cash purchase price of $115 million, subject to typical post-closing adjustments. The acquisition is expected to be accretive on both a pro-forma and GAAP basis in FY13. The deal is anticipated to be completed in September 2012, upon satisfaction of customary closing conditions. Adeptra is currently owned by a consortium of investors led by ABS Ventures, proven experts at developing mid-stage technology firms. FICO has had a successful relationship with Adeptra since 2002, and has been an Adeptra reseller since 2007. Together, the two companies have helped global banks cut their fraud losses by integrating FICO® Falcon® Fraud Manager with Adeptra solutions.

Adeptra’s SaaS platform offers flexibility, fast implementation times and efficient design and deployment of multi-channel customer interactions, while Adeptra’s high-performance software can handle thousands of transactions per second.