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FINEOS BOLSTERS SENIOR MANAGEMENT TEAM

- Financial services software provider makes high-level appointment to
oversee next phase of development

Dublin/London/Portland (ME), 10th September 2003. FINEOS, a leading
innovator of banking and insurance software, has just appointed Tom Wall as
Chief Financial Officer and Company Secretary. Wall joins the FINEOS Board
and executive management team and will be responsible for overseeing all
financial operations throughout the company.

Wall has a wealth of knowledge and experience in financial management from
working with a number of global corporations. Before joining FINEOS, he
worked with Oracle for over seven years, where he was Chief Financial
Officer for Oracle Ireland and Finance Director for Oracle EMEA Ltd. Prior
to this, Wall spent six years with Unisys EMEA Ltd in the UK as its Chief
Accountant and has also held a number of other senior finance positions with
companies such as Hyster, MFS Communications and Black & Decker.

"Tom is a super catch for us, and another vital piece of the jigsaw," said
Michael Kelly, CEO of FINEOS. "He has a long track record of management in
the enterprise software solutions market and brings particularly valuable
skills to FINEOS as he has an international background and extensive
experience of financial planning, which is crucial for us as we rapidly
expand our organisation."

This appointment follows the recent announcement that William Burgess,
Managing Director of IBM Ireland for 11 years and Board Director at Ulster
Bank Limited and IONA Technologies, has also joined FINEOS as Chairman of
the Board.