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FINEOS Chooses IBM to Help Deliver On Demand Solutions to Meet Banking and Insurance Industry Customer Needs

FINEOS Joins IBM PartnerWorld Industry Networks
DUBLIN, IRELAND -- (MARKET WIRE) -- 08/16/2005 -- FINEOS Corporation, the leading innovator of banking and insurance software, today announced it has achieved 'optimized status' in IBM's PartnerWorld Industry Networks.

As a result, FINEOS can now take advantage of IBM's entire portfolio of sales, marketing and technical resources to develop and deliver on demand solutions that meet customer requirements in the financial services industry.

FINEOS and IBM already have a long history of working successfully together in the financial services sector, where FINEOS has a proven track record for implementing IBM products in several of its customer sites. More recently, FINEOS has also worked with IBM Business Consulting Services on a number of business transformation projects. Achieving optimized status will now give FINEOS expanded access to IBM resources that will allow the company to further penetrate its target market.

"Customers are seeking solutions that can help them better integrate processes and applications and allow them to quickly respond to changing market opportunities," says Michael Kelly, CEO, FINEOS. "FINEOS and IBM can help. We offer a total business solution that includes not only the technology and application products, but also the industry and implementation expertise that will give our customers a clear competitive advantage. This is business on demand."

"We are pleased that FINEOS has joined PartnerWorld Industry Networks, and are committed to IBM as a partner of choice," said Gabriel Tal, director of ISV & Developer Relations, IBM. "FINEOS delivers powerful solutions the financial services industry, and we are dedicated to working together to best serve our business customers."

IBM PartnerWorld Industry Networks

The IBM PartnerWorld Industry Networks provide ISVs with comprehensive business insight, technical resources, networking opportunities, and marketing and sales support designed to help them reach more customers and close deals faster. Participants in the PartnerWorld Industry Networks can team with IBM to bring on demand solutions to market more easily and to ensure these solutions meet specific industry needs, reflecting how customers buy technology today.