FINEOS, the Dublin-based technology company that provides claims management software for the global insurance industry, is to create 50 new technology jobs.
The expansion will bring its headcount to 400 people. Forty of the jobs will be based in Dublin, with the balance spread between Australia, the US, Canada and Poland.
The new positions include Java software engineers, software testers, business analysts and technical implementation consultants.
FINEOS is also recruiting development and technical consultants in Poland, where it has a software development centre in Gdansk.
The Minister for Jobs, Enterprise and Innovation Richard Bruton, TD, said: “The multinational sector is, of course, and will remain crucial to our industrial strategy, but we must also support more strong Irish companies who can lead their sector, compete internationally and create large numbers of jobs.
“ICT is an area where we have particular strengths, and in the past two years we have seen an additional 11,000 jobs in this sector. Today’s announcement that FINEOS, a leading Irish software company which has been supported by Enterprise Ireland and exports almost all of what it produces, is very welcome.”
Timing is everything
FINEOS was established in 1993 and exports more than 85pc of its product and services. In the second half of 2012, the company added six new international insurance customers to its portfolio.
In the past 10 years, the company has achieved €250m worth of software and services exports.
FINEOS counts six out of the top 20 life and health carriers in the US as customers, as well as three out of the top 5 in Australia, and similar market positions in Canada and European countries.
“The time is right to invest in our people to ensure we have the capacity and expertise to match the needs of our growing customer base,” FINEOS founder and CEO Michael Kelly said.
“It also enables us to continue innovating the best products and services on the market.
“We grew strongly throughout 2012, winning new business and releasing the latest developments to our flagship product, FINEOS Claims, which combines our feature-rich claims management platform with industry best practice process.
“By recruiting new talent, with the right level of technical expertise, we will continue to increase our market share, enter new markets and grow our overall business,” Kelly said.