Skip to main content

FICO completes acquisition of fraud prevention firm Adeptra

Minneapolis-based Fair Isaac Corp. has finished its $115 million acquisition of Connecticut-based Adeptra Ltd., the Associated Press reports. FICO is best known for its credit rating system.
  • Author:
  • Updated:
    Original:

Minneapolis-based Fair Isaac Corp. has finished its $115 million acquisition of Great Britain-based Adeptra Ltd., the Associated Press reports. FICO is best known for its credit rating system.

Last month, Fair Isaac Corp. eliminated 31 positions from its Twin Cities workforce.

Next Up

storm

Twin Cities placed in tornado watch ahead of intense line of storms

Photo above is a view from Marshall as the line of storms moved through Thursday evening.

fire pixabay stock

1 dead, 1 escapes western Wisconsin house fire

The single-story home was fully engulfed in flames when first responders arrived early Wednesday morning.

Wind storms tree

Rare 'particularly dangerous situation' weather watch issued in SW MN

The warning covers an area of Minnesota, South Dakota, Iowa, and Nebraska.

fire, firefighter

Dad and 2 children killed in western Wisconsin house fire

A devastating house fire happened early Thursday morning.

Screen Shot 2020-08-14 at 6.45.53 PM

2 suspects involved in Brooklyn Park armed carjacking

The incident happened Wednesday night near a shopping center and Cub.

Alexander Odegaard

Man sentenced to more than 10 years in prison for child pornography

Alexander John Odegaard was sentenced in U.S. District Court Tuesday.

Screen Shot 2022-05-12 at 12.15.21 PM

Victim in I-90 crash was storm-chasing meteorologist from Mexico

Martha Llanos Rodriguez died in the wreck on I-90.

Minnesota State Fair - main gate day 2021

Tickets still available for Minnesota State Fair preview event

The five-day Minnesota State Fair taster event, featuring over 30 food and drink vendors, is making its return at the end of the month.

Screen Shot 2022-05-12 at 11.47.44 AM

Woman critical after boyfriend stabs her in neck at light rail station

The boyfriend of the victim is said to have stabbed her, according to St. Paul Police.

Female wolf illegally killed by poachers within Voyageurs Wolf Project.

Female wolf illegally killed in Voyageurs National Park

Researchers for the project said this is the fourth collared wolf that has been illegally killed in the past two years by poachers.

116 E 22nd Ext

Gallery: Beautiful English-style home showcases grandeur of an earlier era

Located across Washburn Park and the Minneapolis Institute of Art

Related

Fair Isaac trims its Twin Cities workforce

Minneapolis-based Fair Isaac Corp. has eliminated 31 positions in the Twin Cities. The Pioneer Press reports the company is shifting "resources to activity that will yield the greatest profitability and growth." Fair Isaac calculates and sells FICO scores to gauge consumer and borrower credit-worthiness.

The Tile Shop to go public after merger with acquisition firm

Plymouth-based The Tile Shop, retailer of manufactured and natural stone tiles, intends to start trading on the Nasdaq Stock Market after it merges with Boston-based JWC Acquisition Corporation.

Ecolab net income jumps 47 percent in 2Q after acquisition

St. Paul-based Ecolab posted second quarter sales that jumped 74 percent to $3 billion thanks to its December acquisition of liquid filtration giant Nalco, the Star Tribune reports. Excluding Nalco, sales rose 3 percent during the quarter. All combined, net income jumped an impressive 47 percent to $184.5 million, or 62 cents a share.

General Mills profit rises on Yoplait, snack food acquisitions

Golden Valley-based General Mills Inc. says that its fiscal first-quarter profit went up 35 percent, with acquisitions lifting sales, the Associated Press reports. The results in the latest quarter were aided by the food maker's purchase of a controlling stake in Yoplait International and Food Should Taste Good, a natural snack foods company.

3M gives up on acquisition amid Justice Department antitrust threat

3M's plan for a $550 million acquisition of Avery Dennison Corp.'s office products division has been cancelled. The Justice Department planned an antitrust lawsuit if the companies went through with the deal, which would have given 3M control of more than 80 percent of the market for labels and sticky notes.

Frustrated M&I customers struggle with bumpy BMO acquisition

M&I Bank customers have threatened to cancel their account with the Wisconsin based financial firm because of technical difficulties, the Milwaukee Business Journal reports. Customers started having issues with their accounts online when the lender officially made the switch from M&I Bank to BMO Harris on Oct. 9.

Minneapolis law firm Dorsey & Whitney hires new CFO

Richard Holdrup is joining international law firm Dorsey & Whitney as its new chief financial officer, according to a company news release. Holdrup was most recently the CFO at a law firm based in San Francisco.

CityTarget in downtown Chicago nears completion

The Minneapolis-based retail giant is just days away from opening its first-ever small-format store, called CityTarget, in one of downtown Chicago's most architecturally significant buildings. Finishing touches are being made to open the store next week.