Healthcare Business News

FICO acquires CR Software

By Joe Carlson
Posted: November 27, 2012 - 12:30 pm ET

FICO, a publicly traded predictive analytics firm in Minneapolis, has acquired the collections and recovery software company CR Software for an undisclosed sum, according to an announcement from the companies.

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CR Software, Fairfax, Va., sells a system of record called Titanium ORE to track collections and recoveries for industries including healthcare, credit issuers, governments and retailers.

The news release said FICO uses mathematical analytics to predict consumer behavior, affecting risk management and product marketing. The company counts many pharmaceutical companies and insurers, along with banks, retailers and governments, as clients.

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