The announcement was made to coincide with the grand opening of the FINEOS new global headquarters and R&D facilities at Eastpoint Business Park Dublin.

The announcement is part of a new €9 million R&D investment programme in Dublin. The company will actively be recruiting for 50 new positions. This will assist the company to deliver their insurance product globally to create new export business. These new jobs are supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland.

The new investment in Dublin is to support the further development of a transformative core insurance product suite which FINEOS will sell to new and existing customers to increase its international footprint and increase new export business. FINEOS has over 60 insurance carriers and government accident compensation agencies as customers with 6 of the top 20 Group Life & Health insurance carriers using the FINEOS core software today.

Making the announcement Minister Bruton said: "Software is a key sector we are targeting as part of our Action Plans for Jobs, and in particular we have sought to support the growth of a strong cluster of Irish companies in this area. In recent years we have seen a strong overall performance in this sector. FINEOS is a great example of an Irish company, with a world-class product offering, performing strongly in highly competitive global markets and employing large numbers of high skilled people in Dublin. Today's announcement is a great boost for Dublin. "

Michael Kelly, CEO and founder of FINEOS said: "FINEOS was established as a provider of core software solutions to help insurance and government accident compensation organisations care for their customers. We deliver innovative core insurance solutions to a global market and we have customers, employees and established bases in North America, Europe, Africa and Asia Pacific markets. We are delighted to announce these new positinew positions in Dublin, which will be made up of research and development as well as professional services consulting positions to help our customers around the world. It is an exciting time for FINEOS as we execute our strategy to become global market leader of group and individual insurance on a single FINEOS platform."

Kevin Sherry, Head of Sales and Partnering at Enterprise Ireland said: 'This is a fantastic success story of an Irish company that has grown to become a truly global leader in its space – FINEOS has now built a highly innovative and unique technology platform that has enabled the company to win business across the world and become a partner of choice for the 'who's who' of the global industry. Enterprise Ireland has been delighted to work in close partnership with FINEOS since its establishment and we look forward to seeing the company continue to add jobs and scale in the global marketplace.'