Dublin-headquartered software company FINEOS is to create 50 new jobs in Dublin over the next 18 months. The company is also opening a new headquarters and R&D base at East Point in Dublin.
The announcement is part of a new €9m R&D investment programme in Dublin.
The 50 new positions will help the company deliver its insurance product globally. These new jobs are supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland.
The new investment in Dublin will support the further development of a transformative core insurance product suite which FINEOS will sell to new and existing customers to increase its international footprint and increase new export business.
The new jobs are in addition to 50 technology jobs that were announced in April 2013.
Working with the global who’s who
“This is a fantastic success story of an Irish company that has grown to become a truly global leader in its space – FINEOS has now built a highly innovative and unique technology platform that has enabled the company to win business across the world and become a partner of choice for the ‘who’s who’ of the global industry,” said Kevin Sherry, head of sales and partnering at Enterprise Ireland.
Richard Bruton, Ireland’s Minister for Jobs, Enterprise and Innovation, said software is a key facet of the Government’s Action Plan for Jobs and pointed to strong overall performance in the indigenous software sector.
FINEOS has more than 60 insurance carriers and government accident compensation agencies as customers, with six of the top 20 Group Life and Health insurance carriers using the FINEOS core software today.
“FINEOS was established as a provider of core software solutions to help insurance and government accident compensation organisations care for their customers,” the company’s founder and CEO Michael Kelly said.
“We deliver innovative core insurance solutions to a global market and we have customers, employees and established bases in North America, Europe, Africa and Asia-Pacific markets.
“We are delighted to announce these new positions in Dublin, which will be made up of research and development, as well as professional services consulting positions, to help our customers around the world. It is an exciting time for FINEOS as we execute our strategy to become a global market leader of group and individual insurance on a single FINEOS platform,” Kelly said.