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São Paulo - Analytic software firm FICO today announced it has acquired GoOn LLC, a leading credit risk management consulting firm based in Brazil. The transaction has closed. Terms have not been disclosed, and the transaction is not expected to have a material impact on FICO's 2019 financial results.
Founded in 2002, GoOn provides risk consulting for the entire consumer credit lifecycle, and has hundreds of customers in banking, retail, credit cards, student lending, insurance and real estate. Additionally, the firm has trained more than 12,000 credit management professionals at Brazilian companies. The GoOn consultants and other staff will continue as part of FICO.
"Our mission is to promote the evolution of credit management in Brazil, combining technical and human knowledge to produce positive social and financial impacts," said Fernando Manfio, founder of GoOn
. "As part of FICO, the worldwide leader in analytic solutions for financial services, we will bring even greater technical depth to Brazilian credit grantors, as well as more advanced analytics. We will play an even greater part in making the Brazilian credit market more mature and successful, and will keep acting with the same connection and trust, and an even better consulting methodology in the credit market."
"GoOn has built a strong reputation for credit excellence, based on the tremendous expertise and experience of its expert consultants," said Alexandre Graff, general manager for FICO in Latin America. "We are proud to bring them onto our team, and provide their knowledge of best practices to our clients. As we grow in Brazil and throughout Latin America, our customers demand the kind of world-class consulting the GoOn team provides."