Memento, Fair Isaac team up on financial firm security

By Mass High Tech Staff

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Fraud and compliance software maker Memento Inc. and the Fair Isaac Corp. have formed a strategic partnership, according to the companies.

Under the agreement, Minnesota-based Fair Isaac will offer Memento’s fraud management platform Memento Security to financial services companies worldwide, officials said. Financial terms of the deal were not disclosed.

Concord-based Memento was founded in 2003. In 2007, the company closed a $7.5 million third round of venture capital funding, led by investor .406 Ventures, a Boston-based venture capital firm. Previous investors Bain Capital Ventures, Rock Maple Ventures, and private investors also invested in Memento’s financing round.

Fair Isaac (NYSE: FIC), founded in 1956, provides analytical, software and data management products and services.

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