SAN JOSE, Calif., April 16, 2014 /PRNewswire/ -- FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced that it has acquired Big Data analytics technology from Karmasphere, Inc. of Cupertino, Calif. The acquisition includes Karmasphere's Big Data analytics software for query construction and collaboration using Hadoop data stores, together with related intellectual property. As part of the FICO Analytic Cloud, this technology will power insights from Hadoop Big Data for analysts, data scientists and business users.
A widely recognized impediment to the promise of Big Data analytics is the complexity of using Hadoop to discover and apply business insights from any type and size of data. Now, with the integration of Karmasphere's collaborative, intuitive and self-service application into the FICO Analytic Cloud, growing teams of analysts and business users will find it markedly easier to transform their businesses with Big Data on Hadoop.
"As uses for Big Data analytics mushroom and move more swiftly from concept to business value, businesses are actively seeking easy-to-use applications for Hadoop," said Martin Hall, chairman, founder and executive vice president of Karmasphere, who, along with other Karmasphere team members, has joined FICO to advance the Hadoop analytics capabilities of the FICO Analytic Cloud.
"Our goal is to simplify the complexity of Hadoop and put the power of Big Data analytics into the hands of all of the people who can really use it," said Doug Clare, vice president of product management at FICO. "By embedding a sophisticated, yet easy-to-use interface for Hadoop data access into the FICO Analytic Cloud, we're accelerating the democratization and wide-scale adoption of Big Data analytics by organizations of all sizes and across all industries."
The FICO Analytic Cloud, a one-stop shop for all things analytics, was unveiled last fall and is being rolled out over the course of 2014. In addition to the FICO® Decision Management Platform and FICO's industry-leading analytic applications, it includes all the building blocks needed to build, deploy, and manage predictive analytics for growth, profitability and competitive advantage.
FICO (NYSE: FICO) 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.
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