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Fair Isaac Corp Acquires Adeptra


Thursday, 16 Aug 2012 04:30pm EDT 

Fair Isaac Corp announced it has entered into a definitive agreement to acquire Adeptra Ltd., is in cloud-based customer engagement and risk intervention solutions based in Reading, UK and Norwalk, Connecticut. FICO will acquire Adeptra for an all-cash purchase price of $115 million, subject to typical post-closing adjustments. The acquisition is expected to be accretive on both a pro-forma and GAAP basis in FY13. 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, proven experts at developing mid-stage technology firms. 

Company Quote

51.56
-0.09 -0.17%
15 Apr 2014