FICO, a provider of analytics and decision management technology, announces it has entered into a definitive agreement to acquire Adeptra Ltd., a cloud-based customer engagement and risk intervention solutions provider.
Adeptra's SaaS platform enables financial services institutions to take advantage of the explosion in mobile communication in order to manage risk, fight fraud, and improve the customer experience, all in real time. By using Adeptra's technology combined with FICO's decision management applications, businesses can move from defining, changing, and testing decisions to executing and resolving customer interactions while improving customer outcomes.
FICO will acquire Adeptra for an all-cash purchase price of $115 million, subject to post-closing adjustments. 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.
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