FCL -15.69%: back online after raising $35m in new equity, the insurance software company struggle on its return to the boards. It is a frustrating raise from a few aspects, but mostly we think it was premature and very likely unnecessary.
FCL is a stock we have had on our hitlist for some time for the Emerging Companies Portfolio, and have watched it rally strongly since the company announced it had won a contract with Guardian Life.
Fineos Corporation (FCL) of Ireland provides enterprise software solutions. The Company offers a platform for billing, claims, payments, and other related administration services. Fineos serve customers worldwide.
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