August 24, 2012

Norwalk's Adeptra sold for $115 million

British cloud-based technology company Adeptra Ltd., whose U.S. base is in Norwalk, is being acquired by FICO, a publically held provider of analytics and decision management technology.

The deal announced Friday calls for an all-cash $115 million transaction that is expected to close in September. Adeptra is owned by a consortium of investors led by ABS Ventures, which specializes in developing mid-stage technology firms.

Adeptra Ltd., with headquarters in Reading, UK, provides cloud-based customer engagement and risk intervention products. Its software-as-a-service platform enables leading financial services institutions and other businesses to take advantage of the explosion in mobile communication in order to manage risk, fight fraud and improve the customer experience, all in real time.

FICO has had a relationship with Adeptra since 2002, and has been an Adeptra reseller since 2007.

Adeptra serves clients in financial services, telecommunications, utilities and other industries, including more than half of the world's top 50 banks. The company has offices and data centers around the globe. Adeptra's employees and management team will join FICO following the completion of the transaction.

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