Norkom Technologies secures €3.1m funding; signs five new deals

Norkom Technologies secures €3.1m funding; signs five new deals

Dublin-based CRM and risk technology vendor Norkom Technologies has finalised funding worth €3.1 million from existing shareholders, including lead investor Trinity Venture Capital. The company has also signed five deals worth over €5 million with firms in Europe and the US.

The company says one of the deals announced is a seven figure contract with ING Direct, the US retail banking subsidiary of Holland's ING Group.

ING Direct is a current user of Norkom's flagship customer relationship software Alchemist, which it is using to predict and analyse customer behaviour.

Norkom also supplies analytical software for the detection of fraud and money laundering.

Liam Griffin, SVP sales, Norkom Technologies, comments: "The recent signing of over €5 million worth of deals demonstrate that companies are prepared to invest in technology which has a demonstrable impact on the bottom line."

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