Fair, Isaac and Co. and HNC Software Inc., a pair of analytic application developers, are merging in a stock deal valued at $810 million. Under the merger agreement, approved by both boards, the owners of HNC will receive 0.346 of a newly issued Fair, Isaac share for each share of HNC. HNC stockholders will own approximately 35 percent of the total outstanding capital stock of the merged company. Two directors from HNC will join the Fair, Isaac board, bringing the total number of board members to nine. Tom Grudnowski will remain the chief executive officer of Fair, Isaac. The integration effort will be managed by a combined team of Fair, Isaac and HNC leaders headed by Mark Pautsch, vice president of product development at Fair, Isaac.

"Fair, Isaac and HNC share a common strategic vision for the growth of the analytics and decision management technology market," says HNC CEO John Mutch.

HNC is a provider of high-end analytic and decision management software that helps companies manage customer interactions by converting data and customer transactions into real time recommendations. Fair, Isaac develops creative analytics which include predictive modeling, decision analysis, intelligence management and decision engine systems.

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