FINEOS Achieves IBM SOA Specialty Status

Written by Businesswire India | 26-02-2008 | Updated: Feb 26 2008, 17:08pm hrs
FINEOS Corporation, a global provider of innovative enterprise software solutions for insurance, bancassurance, and government, announced its acceptance into the IBM SOA Specialty after successfully completing IBM's rigorous SOA technical and business requirements. With this achievement, FINEOS integrates with the IBM software and strategy for SOA and will also be listed in IBM's comprehensive resource for reusable IT services based on IBM and IBM Business Partner Software; the SOA Business Catalog.

"SOA is an increasingly important business requirement for enterprises because of the business flexibility it enables," said Sandy Carter, Vice President of IBM SOA and WebSphere. "FINEOS' commitment to SOA provides their customers with a powerful way to reduce integration costs while rapidly deploying solutions across their enterprises."

"We are delighted that IBM has accepted FINEOS into the IBM SOA Specialty. SOA is an increasingly important architectural requirement for insurance customers. With the combination of the FINEOS Insurance suite and the IBM infrastructure, we can now present a compelling SOA offering that speaks to both the business and technical sides of an organisation," said Michael Kelly, CEO, FINEOS Corporation.

FINEOS solutions are built on the FINEOS Enterprise Platform, a customer and case centric, component-based product platform that delivers powerful core processing against an enterprise business model. The basis of the FINEOS Enterprise Platform is the rules-driven FINEOS technical architecture (FINEOS TA) which is web-centric and deployed on a J2EE-based technology stack with a pre-built data model ensuring that systems can be easily integrated within an existing legacy environment.

About FINEOS Corporation

FINEOS is a global innovator of enterprise software solutions for insurance, bancassurance, and government. FINEOS solutions address core business processing requirements including claims & case management, CRM, new business/underwriting, and policy administration. FINEOS solutions are built on a rules-driven, service-oriented, component-based enterprise platform that serves as a flexible infrastructure for new product introduction, legacy enrichment, and business transformation. FINEOS is delivering documented benefits for some of the world's leading insurers, government agencies and banking institutions. The company is headquartered in Dublin, Ireland and has offices in North America, Europe and Australasia. For more information, please visit www.FINEOS.com.