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FICO Acquires CR Software, a Leading Provider of Collections and Recovery Solutions to Multiple Industries

Expands footprint across multiple industries with enterprise-class collections and recovery solutions

FICO (NYSE: FICO), a provider of analytics and decision management technology, today announced it has acquired CR Software, LLC, a leading provider of enterprise-class collections and recovery solutions for credit issuers, government organizations, collection agencies, retailers, healthcare providers and other enterprises.  The transaction has closed, and terms are not being disclosed.

Established in 1984, CR Software has more than 28 years’ experience implementing collections and recovery solutions. CR Software currently supports more than 300 public and private organizations, including the State of Oregon, the State of Mississippi, the State of Maryland, NCO, Schumacher Group, Sallie Mae, and Genpact.

CR Software’s principal product, the Titanium ORE™ (Open Receivables Environment) solution, offers business-user driven configuration, industry-specific functionality, scalability and security unlike any other software provider. Titanium serves as a System of Record (SoR), a true extension of the user’s host system, and simplifies, automates and coordinates collections and recovery operations across the enterprise, leading to higher returns. Titanium’s modern architecture enables real-time data integration with virtually any client system. Organizations using Titanium run the gamut from large organizations with many thousands of concurrent users to companies with just a few active users, and these clients have consistently achieved a high ROI with the Titanium solution.

Source:  FICO Press Release

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