Summary
Fair Isaac Corporation (FICO) has officially completed the acquisition of Adeptra Limited, a UK-based company, for $115 million in cash. This transaction, finalized on September 7, 2012, was conducted through FICO's wholly-owned subsidiary, Fair Isaac Software Holdings Limited. The acquisition signifies a strategic move by FICO to expand its business operations. Investors should note the financial outlay and the potential for integration and revenue growth that this acquisition may bring to FICO's overall business. Further details regarding the transaction and its implications are available in the filed exhibits.
Key Highlights
- 1FICO completed the acquisition of Adeptra Limited on September 7, 2012.
- 2The acquisition cost was $115 million in cash.
- 3The transaction was executed through FICO's subsidiary, Fair Isaac Software Holdings Limited.
- 4Adeptra Limited is an English limited liability company.
- 5The acquisition was finalized through an Equity Purchase Agreement dated August 16, 2012.
- 6The Form 8-K also includes a press release announcing the completion of the transaction as Exhibit 99.1.
- 7The filing details that the acquisition is subject to typical post-closing adjustments.
Frequently Asked Questions
The primary purpose of this Form 8-K filing was to report the completion of Fair Isaac Corporation's (FICO) acquisition of Adeptra Limited.
FICO paid $115 million in cash for Adeptra Limited, subject to customary post-closing adjustments.
While the filing does not explicitly detail Adeptra's business operations, its acquisition by FICO suggests a strategic expansion for FICO, likely in areas that complement FICO's existing data analytics and decision management solutions, particularly within the financial services or related sectors.
The acquisition of Adeptra Limited was completed on September 7, 2012.