DAYTON, Ohio and MINNEAPOLIS -
Teradata, a division of
NCR Corporation (NYSE: NCR), the industry leader in enterprise data warehousing, and
Fair Isaac Corporation, (NYSE: FIC), the leading provider of analytics and decision technology, today announced a global strategic alliance. The companies will combine key capabilities to help organizations across industries speed the development and deployment of analytic applications that automate and improve decisions across the enterprise.
The new alliance will help businesses make real-time decisions using predictive analytics based on current events and historical data. These solutions will leverage Teradata's enterprise data warehouse as the analytic foundation for Fair Isaac's Enterprise Decision Manager software, which is used to create powerful predictive analytic applications. This integration can significantly reduce the time to market of new predictive models and custom analytics by leveraging Teradata's in-database mining techniques. In addition, the time and costs associated with developing applications that leverage these models can be reduced using Fair Isaac's Blaze Advisor rules-based engine and Fair Isaac Model Builder, which are key components of Enterprise Decision Manager.
Enterprise Decision Manager software combines Fair Isaac's industry-leading predictive analytics, business rules and business user control into a complete platform for managing decisions across an enterprise. It is designed to help businesses consistently make more precise and profitable automated decisions and provides the agility to quickly implement changes in decision strategies as business priorities change.
"Fair Isaac has a wealth of experience in areas requiring complex, real-time decision-making, such as risk and fraud management," said Bob Fair, chief marketing officer of Teradata. "This experience, combined with Teradata's expertise in enterprise data warehousing, can provide customers the ability to better manage decisions, comply with regulatory requirements, and reduce associated costs. At the same time, the detailed data within the Teradata database provides Fair Isaac's analytics with a better view of the business, allowing development of analytic models with more predictive intelligence."
"Every day, more businesses are realizing that there is tremendous hidden value in their historical customer data, but extracting valuable, actionable information from this vast amount of data across product silos continues to be a significant challenge for most organizations," said Gresh Brebach, vice president of corporate development at Fair Isaac. "Unlocking that value is what this partnership is all about. Integrating and optimizing Fair Isaac's analytics and Teradata's enterprise data warehousing technologies into a robust infrastructure allows us to bring high-value, custom analytic decision-management applications to market faster and easier. Businesses can finally achieve long-sought benefits through truly effective enterprise decision management."
As part of the alliance agreement, Teradata, the pioneer of in-database data mining, and Fair Isaac will leverage the Teradata Analytic Data Set Generator for the data exploration and pre-processing steps in the data mining process, which can account for up to 75 percent of the effort in building new models and analytics.
Teradata and Fair Isaac will initially leverage their joint industry expertise to target the financial industry with fraud and risk management solutions. Through future joint product development and integration efforts, Fair Isaac plans to bring a range of new analytic applications to market. These applications will be designed to deliver breakthrough value by combining real-time and batch analytics with detailed, customer-level historical data from the Enterprise Data Warehouse. Joint development efforts will also enable deployment of models within the Teradata database via predictive model markup language for efficient parallelized large-scale processing.
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 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 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® scores, the standard measure of credit risk, to manage their financial health. For more information, visit
www.fairisaac.com.
About Teradata Division
Teradata, a division of NCR Corporation (NYSE: NCR), is the global technology leader in enterprise data warehousing, analytic applications and data warehousing services. Organizations around the world rely on the power of Teradata's award-winning solutions
(www.teradata.com) to get a single, integrated view of their business to enhance decision-making, customer relationships and profitability.
About NCR Corporation
NCR Corporation (NYSE: NCR) is a leading global technology company helping businesses build stronger relationships with their customers. NCR's ATMs, retail systems, Teradata® data warehouses and IT services provide Relationship Technology™ solutions that maximize the value of customer interactions and help organizations create a stronger competitive position. NCR
(www.ncr.com) is based in Dayton, Ohio.
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NCR and Teradata are trademarks or registered trademarks of NCR Corporation in the United States and other countries.
Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its analytic offerings and the relationship described herein, and the benefits to be derived from these offerings, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offerings, the risks that customers will not perceive material benefits from the offerings, failure of the products to deliver the expected results, the possibility of errors or defects in the offerings, regulatory changes applicable to the use of consumer credit and other data and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2003, and quarterly report on Form 10-Q for the period ended June 30, 2004. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, 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.
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 the trademarks of their respective owners.
