Norkom Technologies Acquires DATA4s

Wednesday 17 November 2004 10:57 CET | News

Norkom Technologies and DATA4s have entered into a definitive agreement under which Norkom acquires all DATA4s shares.

Under the terms of the deal the acquisition of DATA4S was primarily paid for through new shares from Norkom. The new combined entity will operate under the Norkom name and brand. This transaction joins two of the strongest-performing companies in enterprise risk management and compliance software, with highly complementary products, distribution channels, and talent pools. Norkom’s acquisition of DATA4s validates Norkom’s commitment to provide its European customers with a partner organisation that is close to their home markets with multi-lingual capabilities and impressive referenceable clients with major software implementations. The combined client list will include many of the top European financial service institutions including Allied Irish Bank, Fortis Bank, HSBC, KBC Bank, National Australia Bank Europe, Rabobank and Visa EU. The DATA4s organisation will continue to operate from its Belgium offices and will be rebranded Norkom Europe. No disruption of operations is planned or expected in any sense. Instead, the current pace of market is driving for continued investment and will lead to increased headcount in both operations. Both product sets will continue to be developed and supported and will be fully integrated into one common solution over a 12 to18 month period.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce