Irish company Fineos becomes largest foreign tech listing on the ASX
News16 August 2019
On 16 August, Irish software company Fineos listed on the Australian Securities Exchange or ASX. Addressing the launch, Max Cunningham of ASX, said Fineos represented the largest foreign technology listing ever on the Exchange. It also represents the Exchange’s largest listing this year.
Fineos founder and CEO Michael Kelly, said he looked forward to further growth in Australia. Six of the top ten Australian life and health insurance companies currently use Fineos software. During a trade mission in March, Ireland’s Minister for Business, Enterprise and Innovation, Heather Humphreys TD, officially opened Fineos’ new Sydney office.
Consul General Owen Feeney told the launch that Ireland is home to the top five global software companies and has a growing ecosystem of innovative indigenous companies, particularly in the software and fintech space. He said Enterprise Ireland, Ireland’s trade development agency, had seen and supported the potential in Fineos.