FICO (NYSE: FICO), a Silicon Valley predictive analytics company known for its credit-score modeling, reached a deal to merge with a Novato-based developer of business data modeling started by former FICO employees.Terms of the deal, including plans for offices and staff of the firm, InfoCentricity, have not been disclosed.Best-known for its eponymous score used by credit-reporting companies since 1989, FICO plans to add InfoCentricity's software to its FICO Analytic Cloud platform following the expected completion of the transaction next month.InfoCentricity offers software-as-a-service platforms to support strategic decisions in finance, marketing and other areas. Products include its flagship Xeno and Strategy Trees programs."Together with FICO's other leading analytics tools and solutions, InfoCentricity's technology brings deep insight, visibility and control to the model building process, allowing collaborative teams to craft the very best predictive models and decision strategies," said Jeff Dandridge, chief executive officer of InfoCentricity, in a statement. "Adding these tools to the FICO Analytic Cloud will mean greater predictive acumen for organizations of all sizes."A private company, InfoCentricity completed two rounds of angel investment for an undisclosed sum since its launch in 2000.FICO itself has Marin roots. Started in 1954 as Fair, Isaac and Company, it moved from San Francisco's Financial District to San Rafael in 1961 and grew to occupy several office buildings until 2004, when it started shifting administrative functions to Minnesota. The name changed to Fair Isaac Corp. in 2003 then to FICO in 2009. The headquarters moved to San Jose last year."Growing demand for analytics that generate real and reliable value from data is creating enormous pressures on organizations of all sizes and in all industries," said Will Lansing, CEO of FICO, in a statement. "With this acquisition, we are able to put the most sophisticated, cloud-based analytics modeling tools into the hands of the entire spectrum of users, from first-time modelers and seasoned business analysts, up through advanced data scientists and the most demanding analytics professionals."FICO currently employs 90 people in San Jose, and has regional hubs in San Diego, San Rafael, London and Birmingham, England, Singapore, Beijing, Sao Paolo, Brazil and Roseville, Minn.***Standard & Poor's Rating Services upgraded county of Napa certificates of participation rating from "AA" to "AA-plus," allowing the county to issue bonds at a low interest rate and save on costs in financing large public construction projects, according to a county announcement."AA-plus" is the highest-possible rating for municipal bond issuers in the United States, a measure of financial strength that suggests lower risk for bond buyers.S&P cited a strong economy, budgetary performance, liquidity and debt load as contributing to its decision, the county said. The firm also acknowledged the county's budgetary reserve, which exceeded 50 percent of general fund expenditures in 2013.***Redwood Credit Union named Tom Hubert as wealth management program director, a role tasked with overseeing and managing the credit union's CUSO Financial Services investment program and staff.
[caption id="attachment_89501" align="alignleft" width="164"] Tom Hubert[/caption]
Mr. Hubert enters that role with 15 years of experience in wealth management and investing, most recently as regional program manager for CUSO Financial Services. He has worked at JP Morgan Chase, Citigroup and Edward Jones, and he earned a bachelor's degree in psychology from Cameron University.He holds a series of securities licenses from the Financial Industry Regulatory Authority, as well as a California life and health insurance license.In other Redwood Credit Union news, San Rafael Chamber of Commerce named the credit union "Large Business of the Year." The institution has been a member for 18 years and supported 17 Marin County-based nonprofits and 49 community events last year, according to the chamber.***The board of directors of Bank of Marin Bancorp (NASDAQ: BMRC), parent company of Bank of Marin, appointed financial industry veteran James Hale to its board of directors.