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June 27, 2006
VC-Backed Norkom Floats
Norkom Technologies floated on the Dublin (IEX) and London (AIM) exchanges this week, achieving a market cap of $126M and raising $26.4M, according to Finextra. The profitable company develops anti-fraud and anti-money launder software for used by banks and insurance companies.
New capital will be used for acquisitions and to strengthen its market leading position.
Norkom raised about €30M ($37.8M) in funding from investors including Trinity Venture Capital and Island Capital, according to ThePost.ie. The founders retained about 40 percent of shares pre-IPO.
Read - Norkom Technologies begins trading on IEX and AIM (Finextra)
Read - Dublin software firm forecasts €24.5m in revenues (ThePost.ie)
Posted on June 27, 2006 08:33 AM | Posted to IPO | Specialized Software | Permalink
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