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Fair, Isaac and HNC Software, providers of business analytic products, are merging under the Fair, Isaac name in a deal valued at $810 million.
Fair, Isaac and Co. Inc. and HNC Software Inc., two leading providers of business analytic products, are merging under the Fair, Isaac name, the companies announced today. The deal, valued at $810 million, will provide 0.346 share of Fair, Isaac for each share of HNC. HNC shareholders will then own 35% of the merged company.
The two companies provide data and analysis to help companies acquire customers, build customer loyalty, reduce losses and optimize the value of customer relationships. HNC’s strengths include relationships with core markets of retail, financial services, telecommunications, insurance, government, and health care.
"This combination of leaders in our respective markets will bring the depth of Fair, Isaac`s creative analytics to a new level for the industries we serve," said Tom Grudnowski, CEO of Fair, Isaac. Grudnowski will remain CEO.