Fair Isaac Corporation
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Template:Infobox Company Founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, Fair Isaac Corporation Template:NYSE provides consulting services and decision management systems. They developed the FICO scores (the standard measure of credit risk) that are the most used credit scores in the world. FICO scores are available through all of the major consumer reporting agencies in the United States and Canada: Equifax, Experian and TransUnion. (FICO is a registered trademark of Fair Isaac Corporation).
Fair Isaac's current corporate headquarters are located in Minneapolis, Minnesota, USA and the company employs about 2500 people (2004). The company's revenue for 2003 was about $652 million.
Company milestones
- 1958 - Fair Isaac starts building credit scoring systems.
- 1970 - First credit card scoring system delivered.
- 1975 - First behaviour scoring system to predict credit risk related to existing customers.
- 1981 - Introduction of Fair Isaac credit bureau scores.
- 1986 - IPO, stock listed at NASDAQ.
- 1991 - Introduction of TRIAD, a credit card management system.
- 1996 - Stock moves from NASDAQ to NYSE.
- 1997 - The American Bankers Association honors Bill Fair and Earl Isaac with Distinguished Service Award for their pioneering work in credit scoring.
- 2002 - Merger with HNC Software, Inc., strengthening the business analyics offerings .
- 2004 - Acquisition of London Bridge Software, expanding services to credit collections and recovery software.
External links
- fairisaac.com (http://www.fairisaac.com)
- myfico.com (http://www.myfico.com)
Data
- Yahoo! - Fair Isaac Corporation Company Profile (http://biz.yahoo.com/ic/13/13357.html)