FICO (NYSE:FICO), a predictive analytics and decision management software company, acquired Tonbeller, a Bensheim, Germany-based provider of financial crime and compliance solutions.
The amount of the transaction was not disclosed.
Led by Torsten Mayer, member of the board, Tonbeller develops and implements standardized and custom solutions based on the Siron® product family to protect against financial and white-collar crime as well as for risk management and monitoring, analysis, and reporting. It serves more than 1,000 customers in more than 90 countries.
With this acquisition, FICO, which already serves businesses in 90+ countries, has moved into the market for financial crime and compliance (FCC) solutions.
Hampleton Partners, an M&A advisory firm headquartered in London with an office in San Francisco, as well as local professionals in Germany, Scandinavia and Asia, advised on the sale.
FinSMEs
19/01/2015