CORK, IRELAND, 12 MARCH 2019
fourTheorem Ltd is delighted to announce its strategic involvement in the Disruptive Technologies Innovation Fund (DTIF) focusing on Future Software Systems Architectures. In conjunction with Lero researchers at Dublin City University and Fineos Corporation, the consortium has accumulated €2.1M in total funding to revolutionize how companies go about taking advantage of serverless computing infrastructure. The majority of the funding has been awarded by the DTIF, a fund established by the Irish government to promote disruptive technologies.
The project’s core goals are to advance the use of emerging technologies, including Machine Learning (ML), to automate the modernization of aging systems and convert them into modern serverless, cloud-native microservices. Use of this modern technology will be key to unlocking the ability to build and deploy application components at speed while reducing costs, and allowing businesses to maintain a competitive advantage. The results will create reliable, cost-effective application architectures, enabling businesses to deploy new features and functionality fast, thereby unlocking the potential of rapid innovation. “It will be about uncoupling the structures and dependencies within existing platforms, and automating a transformation into microservices”, said Peter Elger, CEO of fourTheroem. “We are very excited to be working with DCU and Fineos, both of whom bring wonderful resources to a problem that plagues many businesses today around the world.”
The FSSA project is directed by Dr. Paul Clarke and Prof. Rory O’Connor, both of DCU and Lero, the Irish Software Research Centre. A link to the formal announcement from the Government of Ireland’s Department of Business, Enterprise and Innovation is here, to the Lero Software Research Centre announcement here, and to Dublin City University’s announcement here.
Founded in 2017 by a team of highly experienced business professionals, fourTheorem is driven to help clients architect, build, and deliver technology more efficiently, unleashing them to focus on what truly drives their business. fourTheorem works with clients to understand and safeguard existing hard-earned business value, whilst developing a modern and progressive technology strategy and transformation roadmap. fourTheorem develops the technology solution, delivering business outcomes through the provision of expert technology teams who drive roadmap implementation at pace, allowing clients to see tangible value early, and often.
Lero is the Irish Software Research Centre. It brings together leading software research teams from Universities and Institutes of Technology in a coordinated centre of research excellence with a strong industry focus. Lero has raised the level and profile of Irish software research with such effect that it is now one of the best known and highly regarded software-related research centres in the world. The Lero Centre is supported by a Research Centre grant from Science Foundation Ireland (SFI), by other state grants, by industry contributions and by external funding (particularly the EU’s research programmes). Partner institutions include University of Limerick (host institution), NUI Galway, Maynooth University, Trinity College Dublin, Dundalk Institute of Technology, Dublin City University, University College Cork, University College Dublin, and the Institute of Technology Tralee.
FINEOS is a privately funded Dublin-based software development company, which was founded in 1993. FINEOS is a global market leader in core systems for life, accident, and health insurance. The company is headquartered in Dublin, Ireland and has offices in North America, Europe, Australia, and New Zealand.
An executive technical steering committee has been established to oversee the project, and includes Dr. Andrew McCarren of DCU, Mr. Dave Doran of Workday, Prof. Pooyan Jamshidi of University of Southern Carolina, and Dr. Gerard Marks of Optimality Ltd.