Fair Isaac Announces New Executive Appointments

June 27, 2003

San Rafael, Calif.-based Fair Isaac Corporation announced two new appointments to their executive staff. Cy King has been appointed vice president of Property and Casualty Predictive Analytic Solutions and Joel Portice has been named vice president of Healthcare Solutions.

These two appointments are a strategic part of the company’s continued focus in delivering and expanding the Fair Isaac value proposition to the healthcare and insurance
vertical markets.

As the vice president of Property and Casualty Predictive Software Solutions, King will be responsible for the profit and loss for the company’s property and casualty predictive product group, which helps to automate the detection of fraud and abuse, early case management referrals, loss reserving and subrogation recovery for P&C insurance lines, including workers’ compensation. King brings more than 15 years of property and casualty industry experience to the position. In his past two years of employment, King served as president of Medata, a medical bill review software company for the P&C industry. In this position, King helped to pioneer the use of statistics and analytics to make better, more consistent decisions and improve claims savings. King’s expertise in negotiating contracts, and building and maintaining effective business relationships will be critical to his new position and the growth in the business unit.

As the vice president of Healthcare Solutions, Joel Portice will head Fair Isaac’s healthcare market unit, including market strategy development and business operations. Portice brings over 14 years of progressive experience in general management, strategic business development, and executed growth in vertical markets through sales, marketing, and tactical planning. Prior to joining Fair Isaac, Portice was the vice president of Enterprise Solutions at Ingenix, a wholly-owned subsidiary of United Health Group. In this position, he identified and developed new business and market opportunities, and strategic partnerships in the healthcare and insurance segments.

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