FINEOS Joins IBM's eServer Application Advantage for Linux™; Commitment to the Growing Linux Market

Business Wire, August 24, 2006

DUBLIN, Ireland, BOSTON, LONDON and MELBOURNE, Australia -- FINEOS Corporation, an award-winning provider of software solutions for the insurance and banking industries, today announced it has joined IBM's Chiphopper(TM) program. The program, officially known as the eServer Application Advantage for Linux(TM), enables Independent Software Vendors (ISVs) to develop one version of their application that will run across the entire IBM eServer hardware line. Servers included in the program range from IBM's entry-level x86-based xSeries, to blades and clusters, IBM Power processor-based servers (iSeries, pSeries) and mainframes (zSeries).

Chiphopper certification assures FINEOS clients, opting to leverage the Linux platform, that the FINEOS 5 suite of insurance and banking solutions, as well as the underlying application and technical architecture, has been tested and approved for use on multiple IBM platforms using the Linux operating system and is "Use Ready for IBM eServer with Linux" according to the program agreement.

"FINEOS is committed to providing world-class software solutions to the insurance and banking industries. Our clients can be confident that our solutions are highly portable and easy to support across multiple platforms, resulting in increased savings and resource utilization" says Michael Kelly, president and CEO, FINEOS Corporation.

"IBM's Chiphopper offering provides customers greater platform choice while allowing ISVs worldwide to expand revenue and market opportunities," said Scott Handy, vice president, Linux and Open Source, IBM. "Customers running FINEOS solutions on multiple Linux and standards-based hardware platforms, middleware, and services can look forward to benefiting from greater security, flexibility, and a lower total cost of IT ownership."

About FINEOS

Founded in 1993, FINEOS Corporation is an award-winning global provider and a recognized expert in the development of packaged software solutions for the insurance and banking industries. The FINEOS Insurance Suite includes front-to-back solutions for sales & service, claims management, payments, underwriting and policy administration and is designed for life and health (including group, individual disability and long-term care) and property and casualty (including workers' compensation). The FINEOS Banking Suite provides sales & service solutions, most notably for mortgage lending, which combine enhanced customer interaction management with bank-specific workflow automation. FINEOS solutions are built on a componentized platform that blends customer relationship management (CRM) and workflow automation with traditional core processing, delivering ease-of-use, straight-through processing and operational efficiency. Clients may choose a full enterprise suite or application-specific approach, implemented in phases, as appropriate. FINEOS solutions deliver documented benefits for some of the world's leading insurance carriers and banks. The company has offices in Australia, Europe and the USA. For more information, please visit www.FINEOS.com.