Mitchell International Acquires Fair Isaac Medical Bill Review Business Unit

For Immediate Release:
April, 2008

Contact:
Public Relations for Mitchell International:
Kamarolzaman Hashim
Boston Communications
+1.617.292.7316
www.prboston.com

Workers compensation medical cost containment business unit significantly expands company’s portfolio

San Diego, CA — April 3, 2008 – Mitchell International, Inc., a leading provider of information, workflow, and performance management solutions to the property and casualty claims and collision repair industries, today announced that it has entered into an agreement to acquire the workers compensation medical cost containment business of Fair Isaac Corporation. Fair Isaac has led the market in medical cost containment technology and services to the workers compensation industry through this strategic business unit by providing a comprehensive suite of medical bill review solutions including its flagship technology solution Smart Advisor(TM) and its extensive portfolio of outsource and medical professional review offerings. 

"Through this significant acquisition, Mitchell is extending its presence and leadership in the casualty claims realm, both in the auto and workers compensation arenas," said Jim Lindner, Executive Chairman of the Board, Mitchell International.

Through product offerings such as its Decision Point(TM) medical bill review and ClaimIQ(TM) decision support solutions, Mitchell Medical, the company's casualty solutions division, currently offers the broadest set of cost containment technology and service solutions to the auto casualty claims market. 

Alex Sun, President and CEO of Mitchell added, "I'm looking forward to working with the new Mitchell Medical workers compensation team and achieving great things together through an enhanced commitment to innovation and a focus on truly distinguished customer service—just as we have done in auto casualty claims cost containment.  We are committed to serving our customers and look forward to supporting Fair Isaac’s bill review clients."

"Looking forward, we see a tremendous opportunity to unite the collective expertise of our auto and workers compensation teams so that we can identify new technologies that will satisfy the complex and changing regulatory environment, as well as furthering the work we are accomplishing today in data analytics.  It will be an exciting next stage in our casualty capability," concluded Sun.

"Mitchell has an outstanding track record of providing medical cost containment solutions to the auto insurance industry," said Mark Greene, CEO of Fair Isaac Corporation.  "We look forward to working with Mitchell and taking advantage of its considerable experience and investment in the SmartAdvisor(TM) solution, which will extend its leadership into the workers compensation industry." 

About Mitchell International, Inc.
Mitchell International (www.mitchell.com) is a leading provider of information, workflow, and performance management solutions to the property and casualty insurance claims and collision repair industries. Mitchell facilitates millions of electronic transactions between more than 25,000 business partners each month to enhance their productivity, profitability, and customer satisfaction levels.

About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions.  Fair Isaac's solutions and technologies for Enterprise Decision Management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. Fair Isaac also helps millions of individuals manage their credit health through the www.myFICO.com website.

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