Founded in ,
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 3000 people (
2005 ). The company's revenue for 2003 was about $652 million. Fair Isaac has an office in
Bangalore ,
India focussed on analytic consulting. This center is poised to be a knowledge hub for projects in Asia-Pacific and the Middle-East. This center employs about 80 people as of
2005 .
- 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. Opens a new analytic consulting and product development center in Bangalore , India targeted primarily on Asia Pacific markets.
- 2005 - Acquisition of RulesPower, bringing Rete III algorithm to Blaze Advisor.
