FICO Opens Office in Johannesburg to Meet Growing Demand for Advanced Analytics

JOHANNESBURG, Dec. 17, 2014 /PRNewswire/ -- FICO (NYSE:FICO), the predictive analytics and decision management software company, today announced that it has opened a new office in Johannesburg, South Africa. FICO is growing its regional presence to meet increasing demand for analytics-powered solutions, and to provide greater support for its South African clients, which include the country's "big four" banks as well as many of the leading retailers.

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FICO's new Johannesburg office is led by Derick Cluley, who oversees FICO's operations in Africa. "South African businesses are among the most sophisticated in the world when it comes to advanced analytics," Cluley said. "Through our expanded team of local consultants, as well as our Johannesburg office's state-of-the-art training facilities, we aim to help our clients derive even greater value from their investments in FICO solutions. Moreover, our strong presence in the region creates an excellent foundation for working with clients throughout the Middle East and Africa, where FICO's industry-leading Big Data analytics solutions are increasingly relevant and valuable."

One of the new team members for FICO in South Africa is Marina Terblanche. A market development professional specializing in credit risk management, she has worked closely for more than a decade with a number of large banks and retailers in South Africa, as well as elsewhere in Africa and the Middle East. She has recently returned from the US, where she helped create a successful pricing optimization practice serving the payments industry.

FICO recently announced that its sales in Europe, the Middle East and Africa grew by 19 percent in its fiscal 2014, which ended September 30.

The Johannesburg office is part of the global network of FICO offices. The firm's European offices include its regional headquarters in the UK, as well as offices in Germany, Italy, Lithuania, Russia, Sweden, Spain and Turkey.

About FICO
FICO (NYSE: FICO), formerly known as Fair Isaac, is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company's groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO^® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count^™. Learn more at www.fico.com.

For FICO news and media resources, visit www.fico.com/news.

FICO and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries.