myToys.de Among European Companies Adopting FICO Optimization to Compete in a Big Data World FICO Xpress Optimization Suite helps companies across industries solve "unsolvable" problems
MUNICH, April 29, 2013 /PRNewswire/ -- FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced that it is seeing growing momentum across industries in Europe for the FICO® Xpress Optimization Suite, the premier mathematical optimization software for modelling and solving massively complex problems. New European clients for FICO Xpress include retailer myToys.de, energy company GDF Suez, and the IT subsidiary company of the Groupement des Mousquetaires STIME S.A.S., as well as leading European companies in mining, travel and other fields.
"Our business has grown so much that we need mathematical optimization to manage our two massive warehouses," said Ralf Schmilewski, Head of ERP Systems at myToys.de, a member of the German OTTO group, which sells toys and one-stop shopping for families online. "Optimization will give us greater efficiency in processes such as picking and packing orders. We chose FICO Xpress Optimization Suite because it gives us fast answers and the ability to quickly optimize additional business processes. In addition, FICO offered the most flexible licensing scheme. We look forward to partnering with them to fully explore the capabilities of their optimization offering."
myToys.de is among the companies that have adopted the latest version of FICO Xpress Optimization Suite. This release includes the revolutionary new Xpress-Insight component, which adds rapid application deployment and unique support for cloud-based optimization. The capabilities in FICO Xpress Optimization Suite provide massive productivity gains for both operations research teams and business users, helping them solve problems previously thought "unsolvable."
"FICO Xpress has always been a favourite for Operations Research professionals because of the solver speed and the Xpress-Mosel modelling tool, which provides a robust way of defining large-scale optimization models," said Oliver Bastert, FICO product manager for optimization tools. "Our new versions have greater appeal to business users as well, since the highly visual user interface lets them do data exploration, what-if analysis, reporting, scenario management, and custom visualization. This is a game-changer that will push the power of optimization deeper into companies, helping them compete in a Big Data world."
FICO Xpress was the first optimization software with 64-bit ultra-large-scale optimization for solving massive problems. With the latest version, businesses can use distributed, cloud-based optimization services to manage massively parallel computing problems with millions of alternatives. FICO Xpress Optimization Suite has new collaboration features that enable entire teams of business experts to interact with the same model and share what-if scenarios to reach agreement on the best approach. This is a key requirement to address the needs of large organizations.
Organizations with large-scale operations, from global banks to professional sports leagues, use the FICO® Xpress Optimization Suite to ensure that they are making the most efficient and profitable use of resources such as capital, human resources, and technology assets. FICO Xpress is also the optimization engine inside FICO solutions such as FICO® Decision Optimizer and FICO® Analytic Offer Manager.
FICO (NYSE: FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. Learn more at www.fico.com. FICO: Make every decision count™.
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Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2012 and its last quarterly report on Form 10-Q for the period ended March 31, 2013. If any of these risks or uncertainties materializes, FICO's results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.
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