OverviewSuggest Edit

FINEOS is a company providing core systems for life, accident, and health insurance carriers. It offers a FINEOS platform comprised of AdminSuite that provides absence, billing, claims, payments, policy, and provider solutions; Engage that delivers role-based portals, ecosystem applications, and engagement APIs; Insight that provides embedded analytics, artificial intelligence, operational trends; and other platform capabilities.
TypePublic
Founded1993
HQDublin, IE
Websitefineos.com
Employee Ratings4.1
Overall CultureB+

Latest Updates

Employees (est.) (Jun 2020)777(+24%)
Revenue (FY, 2019)€62.8 M(+17%)
Share Price (Oct 2021)$4.4(+2%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at FINEOS

Megan G. Holstein

Megan G. Holstein

Senior Vice President Absence and Claims Product
John Brennan

John Brennan

Chief Operating Officer
Jonathan Boylan

Jonathan Boylan

Chief Technology Officer
Chuck Johnston

Chuck Johnston

Chief Marketing Officer
Ian Lynagh

Ian Lynagh

Chief Commercial Officer
Eoin Kirwan

Eoin Kirwan

Head of Product
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FINEOS Office Locations

FINEOS has offices in Dublin, Atlanta, Boston, Melbourne and in 5 other locations
Dublin, IE (HQ)
Eastpoint Business Park, Alfie Byrne Rd, East Wall
Melbourne, AU
Level 8/224 Queen St
Sydney, AU
Suite 1802, Level 18/201 Kent St
Hong Kong, HK
Level 19, Two International Finance Centre, 8 Finance Street
Wellington, NZ
119/123 Featherston Street
Gdańsk, PL
80-280 Gdańsk ul. Cypriana Kamila Norwida 2
Show all (9)

FINEOS Financials and Metrics

FINEOS Revenue

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FINEOS's revenue was reported to be €62.81 m in FY, 2019 which is a 16.8% increase from the previous period.
EUR

Revenue (FY, 2019)

62.8m

Revenue growth (FY, 2018 - FY, 2019), %

16.8%

Gross profit (FY, 2019)

41.7m

Gross profit margin (FY, 2019), %

66.4%

Net income (FY, 2019)

(1.8m)

EBIT (FY, 2019)

(321.5k)

Market capitalization (1-Oct-2021)

1.3b

Closing stock price (1-Oct-2021)

4.4

Cash (30-Jun-2019)

6.9m

EV

1.3b
FINEOS's current market capitalization is $1.3 b.
Annual
EURFY, 2017FY, 2018FY, 2019

Revenue

41.1m53.8m62.8m

Revenue growth, %

31%17%

Cost of goods sold

10.7m14.3m21.1m

Gross profit

30.4m39.5m41.7m
Half Year
EURH1, 2018H1, 2019

Revenue

25.9m29.4

Cost of goods sold

6.4m9.1

Gross profit

19.5m20.3

Gross profit Margin, %

75%69%
Annual
EURFY, 2017FY, 2018FY, 2019

Cash

13.8m8.3m6.9m

Accounts Receivable

6.9m11.5m7.4m

Prepaid Expenses

647.2k1.3m2.3m

Current Assets

28.2m24.6m22.9m
Half Year
EURH1, 2018H1, 2019

Cash

10.1m4.7m

Current Assets

31.6m26.4m

PP&E

3.1m3.5m

Total Assets

66.1m69.4m
Annual
EURFY, 2017FY, 2018FY, 2019

Net Income

(10.4m)1.4m(1.8m)

Depreciation and Amortization

743.9k6.1m8.5m

Accounts Payable

755.1k6.6m3.6m

Cash From Operating Activities

(13.5m)10.4m13.4m
Half Year
EURH1, 2018H1, 2019

Net Income

1.2m(665.2k)

Depreciation and Amortization

3.0m3.5m

Accounts Payable

6.3m3.1m

Cash From Operating Activities

3.3m1.9m
EURFY, 2017

Revenue/Employee

82.5k

Debt/Equity

4.1 x

Debt/Assets

0.5 x

Financial Leverage

8.2 x
Show all financial metrics

FINEOS Operating Metrics

Jun, 2016FY, 2018Jan, 2019FY, 2019Jul, 2019Jun, 2020

Clients

4850

Countries

8

Licensed Users

20 k29.21 k

Technology Partners

344
Show all operating metrics

FINEOS Acquisitions / Subsidiaries

Company NameDateDeal Size
FINEOS Australia Pty Limited
FINEOS Canada Limited
FINEOS Corporation
FINEOS Corporation Limited
FINEOS Europe Unlimited
FINEOS Hong Kong Limited
FINEOS International Ltd
FINEOS New Zealand Limited
FINEOS Polska s.p. z.o.o.
FINEOS UK Limited

FINEOS Revenue Breakdown

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FINEOS revenue breakdown by business segment: 5.9% from Initial Product Licence Fees, 31.2% from Annual Subscriptions and 62.9% from Professional Services

FINEOS revenue breakdown by geographic segment: 45.2% from APAC, 45.0% from North America and 9.9% from EMEA

FINEOS Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

FINEOS Online and Social Media Presence

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FINEOS Company Culture

  • Overall Culture

    B+

    84/100

  • CEO Rating

    C

    70/100

  • Compensation

    A+

    100/100

Learn more on Comparably

FINEOS News and Updates

Ushur Expands Solutions Partnership With FINEOS to Reimagine the Disability and Absence Management Ecosystem

SANTA CLARA, Calif., Sept. 30, 2021 (GLOBE NEWSWIRE) -- Ushur, the leader in AI-powered Customer Experience Automation (CXA)™, today announced the expansion of its strategic partnership with FINEOS, the leading provider of core systems for life, accident and health insurers globally, to enable str…

FINEOS Teams with Ushur to Automate Customer Engagement

FINEOS AdminSuite integrates Ushur’s no-code workflows and conversational AI FINEOS AdminSuite integrates Ushur’s no-code workflows and conversational AI

FINEOS lists on the Australian Securities Exchange

FINEOS Corporation Holdings plc  (ASX:FCL), a leading provider of group and individual core systems for life, accident and health insurance, today announced the commencement of trading on the Australian Securities Exchange (ASX) via an initial public offering (IPO). The total number of securities (C…

FINEOS to Present and Sponsor at the DMEC FMLA/ADA Employer Compliance Conference

FINEOS Corporation, the market-leading provider of group and individual core systems for life, accident and health insurance, will present and sponsor at the DMEC FMLA/ADA Employer Compliance Conference taking place in Portland, OR, from May 6 – 9, 2019.read more

FINEOS Blogs

From Coast to Coast: End of Summer Leave Activity Brings Changes

In order to adapt to changes in leave legislation in real time, insurance carriers need agile absence management software. In this blog, you’ll learn about paid family and medical leave program law changes across the country. Expansion of California Family Rights Act On September 28, California Gove…

Ushur Expands Solutions Partnership with FINEOS to Reimagine the Disability and Absence Management Ecosystem

– FINEOS partners with Ushur to enhance absence and claims communication management in the Group Benefits market. Ushur, the leader in AI-powered Customer Experience Automation (CXA)™, today announced the expansion of its strategic partnership with FINEOS, the leading provider of core systems for li…

Moving From Complex to Manageable: Implementing Absence Legislation

Original article appeared in LIMRA MarketFacts: Your Resource for Industry Insights July 2021 The transformation of an idea for new legislation into an actual law can be a winding road, full of compromise. With leave-of-absence laws, the legislator and regulator architect these colorful and sometime…

FINEOS Doubles Down on Sponsorship of Multiple InsureTech Connect Live Events

– FINEOS, the Global Market Leader Core Administration Platform for Employee Benefits Market, Doubles Down on Sponsorship of Multiple InsureTech Connect Live Events InsureTech Connect Gold Sponsor Official InsureTech Connect Music Sponsor InsureTech Exhibitor Showcasing Kelly’s Pub Inaugural GroupTe…

FINEOS Co-Sponsors first ever GroupTech Connect: Untangling the Group Insurance Value Chain for 2030

– As the insurance value chain continues to get more complicated, brokers, carriers, core system vendors and insurtechs share their experiences and insights on how technology can help unravel this highly complex process. FINEOS Corporation today announced its co-sponsorship with Vericred, of the ina…

The Impact of 3 New Leave Law Amendments in Midwest States

Insurance carriers need agile absence management software in order to adapt in real-time when new leave legislation goes into effect. In this blog, you’ll learn about recent amendments to leave laws in Illinois and Iowa and how FINEOS is helping carriers remain in compliance.     The latest changes …
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FINEOS Frequently Asked Questions

  • When was FINEOS founded?

    FINEOS was founded in 1993.

  • Who are FINEOS key executives?

    FINEOS's key executives are Megan G. Holstein, John Brennan and Jonathan Boylan.

  • How many employees does FINEOS have?

    FINEOS has 777 employees.

  • What is FINEOS revenue?

    Latest FINEOS annual revenue is €62.8 m.

  • What is FINEOS revenue per employee?

    Latest FINEOS revenue per employee is €80.8 k.

  • Who are FINEOS competitors?

    Competitors of FINEOS include BriteCore, Socotra and Guidewire Software.

  • Where is FINEOS headquarters?

    FINEOS headquarters is located at Eastpoint Business Park, Alfie Byrne Rd, East Wall, Dublin.

  • Where are FINEOS offices?

    FINEOS has offices in Dublin, Atlanta, Boston, Melbourne and in 5 other locations.

  • How many offices does FINEOS have?

    FINEOS has 9 offices.