New headquarters provide global analytics software leader with a hub for innovation and development in San Jose, Calif.
SAN JOSE, Calif. – January 4, 2013 – FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that it has relocated its corporate headquarters to San Jose, Calif. from Minneapolis. The new headquarters will serve as an innovation and development hub in the heart of Silicon Valley, enabling the company to continue to take advantage of technology innovations in Big Data and cloud computing, and draw from the region’s deep technology talent pool.
The move brings FICO back to its origins — the company was founded as Fair, Isaac in 1956 by engineer Bill Fair and mathematician Earl Isaac, who met when working on operations research projects at the Stanford Research Institute in Menlo Park, Calif. In its early days, the company revolutionized consumer lending through credit scoring, with analytic products such as the FICO® Score, the standard measure of U.S. consumer credit health. Today banks, retailers, insurance companies, government agencies, pharmaceuticals companies, telecommunications firms and many other organizations use FICO analytic software to make better decisions.
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