Looks like the Societe Generale insider breach, and others like it, are getting bank leaders to open their eyes and their checkbooks. Ireland-based Norkom, a vendor for one of the three major enterprise risk management platforms that institutions are wrapping into their IT and core processing operations, this week announced it logged a 64 percent jump in revenue in the year ending March 2008, to €41.0 million (about $63M US).
Those revenues included those derived from the acquisition of U.S. risk and compliance firm Digital Harbor, but the company notes its North American business was driven heavily by the win of with Tier 1 clients like Washington Mutual and American Express. Norkom’s AsiaPacific business brought in €4.5 million in the first year of operations.
Norkom, which competes against Mantas and NetEconomy (newly acquired by Fiserv), landed 32 new clients in the past year.
