Equifax and Fair Isaac Partner to Develop and Deliver New Analytic Solutions

Equifax Inc. (NYSE: EFX) and Fair Isaac Corp. (NYSE: FIC) yesterday announced that they have established a partnership to develop and sell advanced analytics and scoring solutions for businesses and consumers. Under the agreement, the two companies will leverage Equifax’s consumer credit data and Fair Isaac’s scoring technology, and will jointly market and sell new FICO analytic products.

The companies are also working together to accelerate testing and roll-out of the FICO 08 model for Equifax customers.

Separately, Fair Isaac has agreed to dismiss Equifax as a defendant in its lawsuit against VantageScore LLC and the three national credit reporting companies.

"Equifax and Fair Isaac have worked closely for many years, developing industry-leading credit tools. This new agreement further solidifies our working relationship and allows both companies to provide better solutions to their customers," said Richard F. Smith, Chairman and CEO, Equifax.

"Our longstanding partnership with Equifax is entering a new phase — one that will drive rapid development and distribution of advanced analytic solutions," said Mark Greene, CEO, Fair Isaac. "When the world’s leading provider of analytics and decision management solutions aligns with one of the world’s leading information technology companies, the customers of both companies win."

On the consumer side, Equifax and Fair Isaac have a long history of providing products that combine the Equifax credit report with the FICO Score, including the delivery of ScorePower and ScoreWatch through Equifax’s Personal Information Solutions business at Equifax.com, as well as through Fair Isaac’s myFICO.com web site. This new agreement creates additional opportunities for developing better tools and delivering them directly to consumers for use in managing their credit reputation and relationships.

Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, employment and income verification and human resources business process outsourcing services, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.

Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses – large and small – rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, HR/payroll services, and much more. We empower individual consumers to manage their personal credit information, protect their identity and maximize their financial well-being.

Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately 7,000 people in 14 countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor’s (S&P) 500 Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.

Fair Isaac Corporation transforms business by making every decision count. Fair Isaac’s Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.