Fair Isaac Corporation (), founded in 1956 by engineer Bill Fair and mathematician Earl Isaac, provides consulting services and enterprise decision management systems. They developed the FICO scores, a measure of credit risk, that are the most used credit scores in the world. FICO scores are available through all of the major consumer reporting agencies in the United States and Canada: Equifax, Experian, TransUnion and PRBC[1]. (FICO is a registered trademark of Fair Isaac Corporation).
Fair Isaac is based in Minneapolis, Minnesota, U.S.A., and has offices in North America, South America, Europe, Australia and Asia. The company employs about 3,000 people (2006) and earned revenue of about $800 million in 2005.
Fair Isaac's client list covers more than 1,400 financial-service providers, including 99 of the top 100 U.S. banks and 49 of the top 50 global banks. More than 200 retailers, including nine of the top 10 retail card issuers in the U.S. use Fair Isaac retail management software. Fair Isaac serves more than 100 telecommunications providers worldwide, including the top 10 U.S. wireless providers and six of the world's top 10 telecommunications service providers.
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., adding fraud detection to their arsenal with the $100 million Falcon product line and strengthening their analytics offerings in the insurance and telecommunications markets.
2003: Fair, Isaac and Company is renamed Fair Isaac Corporation.
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 at Asia Pacific markets.
2005: Acquisition of RulesPower, bringing Rete III algorithm to Blaze Advisor.
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