Infoglide Finds New Home with FICO

Infoglide Finds New Home with FICO

The Fair Isaac Corporation, better known as FICO, recently acquired Infoglide of Austin. Infoglide is a software company that specializes in fraud detection for businesses and government agencies. Its client list includes members of the banking, healthcare, insurance, and retail industries, including the U.S. Department of Homeland Security, the U.S. Transportation Security Administration and JPMorgan Chase Bank.

FICO CEO Will Lansing stated, "With this acquisition we gain a strong foothold in the government sector for our integrated fraud management solutions, and can extend our advanced analytics into the areas of network risk assessment, security and compliance."

The merger promises to lead to further innovations in fraud detection for the future, and it is sure to promote changes in the months ahead.

Infoglide was backed by strong venture capital prior to the transfer, with $26 million from its investors. That does not match the $676.4 million in reported revenue that FICO earned last year, but it shows that the acquisition could be profitable for both parties. Infoglide will continue to operate as usual, but it will be making strong strides with FICO specifically. FICO hopes to take their fraud detection services to another level.

Infoglide's tools are already implemented in FICO's fraud management applications. The only changes now is the amount of implementation that will be put into place.

Infoglide's CEO Mike Shultz said, "No company compares with FICO for sophisticated fraud detection. Like FICO, we invested in innovation and we have more than 20 patents on our technology to prove it. Our partnership over the last two years has been an excellent trial run that demonstrated the value clients place on our combined offerings."

Consumers and companies alike will be even more protected as these two entities continue to work with one another.


This entry was posted in Credit Card News and tagged , , , , by Natalie Rutledge. Bookmark the permalink.
The information contained within this article was accurate as of April 11, 2013. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website.
Editorial Disclosure
LowCards.com is an independent, for-profit web site. LowCards.com participates in the Affiliate Network, and receives compensation from most of the credit card issuers whose offers appear on the site. This compensation helps support our website and enables us to write insightful articles to help you manage your credit card accounts. This compensation, as well as the likelihood of applicants’ credit approval and our own proprietary website guidelines, may impact how and where the cards appear on our site.

LowCards.com does not include all credit card companies or every available credit card offer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however credit card offers change frequently. After you click on an offer you will be directed to the credit card issuer’s secure web site where you can review the terms and conditions for your offer.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at natalie@lowcards.com