Headwaters advised CR Software, LLC of Fairfax, VA, on its sale to FICO (NYSE:FICO).

“We were pleased to work with the CR team and to achieve a strategic outcome,” said Jack Maier, Head of Investment Banking at Headwaters. “Under the leadership of Martin Germanis, Ed Wallen and Edz Sturans, CR built the industry-leading accounts receivable and collections management software platform and had become one of the leading independent financial technology providers.”

Martin Germanis, the Chief Executive Officer of CR Software, LLC commented, “The Headwaters team produced an outstanding result for all involved. They worked closely with us at every step of the way and provided senior leadership and guidance throughout. We made the right decision in selecting them as our partner.”

Terms of the transaction were not disclosed.

About CR Software
CR Software, LLC is a leading provider of enterprise-class collections and recovery solutions for credit issuers, government organizations, collection agencies, retailers, healthcare providers and other enterprises. The company currently supports more than 300 public and private organizations including the State of Oregon, the State of Mississippi, the State of Maryland, NCO, Schumacher Group, Sallie Mae and Genpact. The company was founded in 1984 and is headquartered in Fairfax, Virginia. For more information visit www.fico.com/CRSoftware.