Norkom

Norkom Technologies provides financial crime and compliance software to the global financial services industry. Founded in 1998.

A selection of Norkom clients include HSBC,^[1] Crédit Agricole,^[2] Standard Chartered Bank,^[3] AXA,^[4] Banco Santander,^[5] ANZ,^[6] and Bank of Montreal.^[7] Norkom is headquartered in Dublin, Ireland, with operations and offices across Continental Europe, North America and Asia-Pacific.^[8]

History

In June 2006, Norkom became a publicly quoted company on the Irish Stock Exchange (ESM: NORK.IE) and London Stock Exchange (AIM: NORK:L).^[9] These listings paved the way for the acquisition of US-based Digital Harbor in July 2007, which further extended the company's footprint into the North American marketplace.^[10] In 2007, Norkom entered the Asia-Pacific financial crime and compliance market, becoming a dominant leader in Australia within a 12-month period.

On 9 June 2010, the company announced its annual results to 31 March 2010, reporting a 3% increase in revenue and a 12% improvement in EBITDA.^[11] In November 2009, Norkom was ranked on the FinTech 100, a list of the world's top 100 providers of financial technology, for the second consecutive year. This ranking was based on revenues from calendar year 2008 which saw Norkom moving up seven places in the ranking from the previous year.^[12]

In January 2011, a €217 million deal was agreed for Norkom to be taken over by BAE Systems. BAE plans to delist Norkom and merge it with its software subsidiary Detica.^[13]

Accolades

Norkom Technologies has been recognised as a market leader by industry analysts such as Chartis Research, Celent and Gartner, Inc. In April 2010, Norkom's enterprise financial crime risk management solutions were ranked highest in the industry for "completeness of offering" for the second consecutive year by Chartis Research.^[14] In September 2009, Norkom's Enterprise Fraud Management (EFM) solutions were awarded a "positive" rating by Gartner, Inc., in its report, "Marketscope for Enterprise Fraud Management"^[15] while in 2008 Norkom's EFM capabilities were rated "Excellent" in its 2008 report, Critical Capabilities for Enterprise Fraud Management Tools.^[16] In its Evaluating the Vendors of Anti-Money Laundering Solutions, Celent described Norkom as "one of the few vendors that offer a comprehensive product suite that provides all essential components of an AML compliance solution.".^[17]

v t e ISEQ Smallcaps companies of Ireland Abbey Aer Lingus AGI Therapeutics AMINEX Blackrock International Land Boundary Capital Conroy Diamonds & Gold CPL Resources Datalex Donegal Creameries First Derivatives Fyffes IFG Group Karelian Diamond Resources McInery Holdings Merrion Pharmaceuticals Norkom Oglesby & Butler Origin Enterprises Ormonde Mining OVOCA Gold Petroneft Resources Prime Active Capital Providence Resources READYMIX Real Estate Opportunities Siteserv Total Produce TVC Holdings UTV Media Zamano

References