MINNEAPOLIS, July 12, 2012 /PRNewswire/ -- FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that leading industry analyst firm IDC has ranked the company as the worldwide revenue leader in the Services Operations Analytic Applications software category for the seventh consecutive year.
According to IDC's new report, "Worldwide Business Analytics Software 2012-2016 Forecast and 2011 Vendor Shares," FICO led the Services Operations Analytic Applications category with 20 percent market share, which is double that of the next-largest provider. The IDC report ranks analytic software providers across multiple categories for the period from 2009 to 2011. FICO's ranking in the services operations segment is based upon calendar year 2011 license and maintenance revenue for the company's analytic applications.
"The growing business demand for Big Data has put broader business analytics on the agenda of more senior executives," said report author Brian McDonough, research manager for IDC's Business Analytics research service. "The services operations analytic applications market has been led by FICO for seven years now. We expect FICO to continue to emphasize its industry-specific analytic applications and cloud-based offerings and focus on advanced analytics — all key growth trends in the business analytics market."
"In the era of Big Data, the potential business impact of predictive analytics is great," said Dr. Andrew N. Jennings, FICO's chief analytics officer and head of FICO Labs. "As the quantity and breadth of data increases, and the speed and precision with which it can be analyzed accelerates, businesses that implement services operations analytics solutions will uncover new insights, hidden patterns and correlations that enable more intelligent decisions. These add up to a decisive competitive advantage."
According to IDC, the aggregated performance management and analytic application market, which is comprised of financial performance, strategy management, GRC applications, supply chain, services operations, production planning, and workforce analytic applications, was $10.3 billion in 2011.
FICO (NYSE: FICO) 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 FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for 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. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count™.
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Statement Concerning Forward-Looking Information
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, 2011 and its last quarterly report on Form 10-Q for the period ended March 31, 2012. 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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