Fair, Isaac, and Co., the credit scoring company, said has acquiring Credit and Risk Management Associates Inc. for $3 million.
The Baltimore-based firm is just six years old and has 21 employees, but has such clients as Bell Atlantic, MBNA Corp., and NationsBank Corp. The firm will act as an independent subsidiary, continuing to work with Fair, Isaac customers as it has in the past.
Credit and Risk Management Associates will also consult for other clients and recommend their use of products and services, including Fair Isaac's.
The unit will also work with Fair, Isaac's data base subsidiary, Dynamark Inc., acquired three years ago.