FINEOS makes key senior appointments

Leading global financial services software provider bolsters sales and channels capabilities

June 19, 2002 - Dublin, London - FINEOS Corporation, the leading innovator in banking and insurance software, has made a number of key senior appointments to enhance its sales management and strategic partnership capabilities.

Derek Finnerty has joined FINEOS as Global Sales and Marketing Director and will have responsibility for defining and delivering the company's new business development strategy. Prior to his appointment, Finnerty worked in Nortel Networks where he held a number of pan-European senior management positions. His most recent role was as Vice-President for Strategic Business Development, focusing on e-business, enterprise outsourcing solutions and content management solutions.

Joe Flynn has been appointed as Director of Strategic Alliances with responsibility for developing FINEOS's partner channel strategy, initially focusing on leading global systems integrators. Prior to joining the company, Flynn worked for Horizon Technologies e-business division where he was responsible for developing their SAP and Siebel practices and most recently their managed services solutions offering. Flynn has over 15 years experience working in the enterprise software solutions arena.

Commenting on the recent appointments, Michael Kelly, CEO, FINEOS said: "These appointments are vital for FINEOS as we continue to grow our business and consolidate our position as one of the leading players in the international financial services software space. These individuals bring exceptional pedigree and experience in their field to FINEOS, and I have no doubt that our global business development capabilities will be significantly enhanced as a result."

About FINEOS
FINEOS Corporation is a leading innovator in banking and insurance software. The company's product suite includes a range of customer management, business process automation and product management systems. In the front office, these solutions enable banks and insurers to effectively acquire, service and build customer relationships, improve service levels and reduce operating costs, while in the back office they provide for rapid product development and maintenance capacity.

FINEOS products can be delivered individually as niche solutions or together as a complete enterprise-wide solution. They can be deployed across all company channels, including branches, call centres and the internet, and can be accessed remotely by staff, intermediaries and customers.

The FINEOS customer base incorporates many of the world's leading financial institutions, including ABN AMRO, Allianz, Fortis Inc., Skandia and the Zurich Financial Services Group.