Norkom announces key board appointment
Liam Davis appointed Chief Financial Officer as Norkom announces record revenues
Dublin, Ireland, 17 June 2008 - Norkom Technologies has announced the appointment of Liam Davis to its Board of Directors in the capacity of Chief Financial Officer at the launch of the company’s annual results, which reported a 64% increase in revenues and a 59% improvement in EBITDA for the year ending 31 March 2008.
Having joined Norkom in 1998, Liam was appointed as Chief Financial Officer from his previous position as Director of Finance. He remains as Company Secretary with Norkom Technologies, having been appointed to this position in May 2007.
As Chief Financial Officer, Liam will be responsible for all aspects of the company’s finance function, with specific responsibility for investor relations, financial reporting, group taxation, business planning and working capital management.
Paul Kerley, Norkom’s CEO, said, “We are delighted to welcome Liam Davis to the Board of Directors. Liam has been with the company from the very beginning and has been a key member of the management team. This year saw the biggest growth ever experienced by Norkom and Liam played a central role in achieving this. We look forward to continued contributions from Liam as we seek to globalise even further over the coming years”.
Liam Davis commented, “I am pleased to be joining the Norkom Board, especially after reporting 64% increase in Group revenues for the year just ended. The activities of the company during the last ten years have been geared specifically towards generating these record-breaking revenues and I look forward to developing and implementing the strategy that will see ten more years of global success”.
Liam holds a bachelor’s degree in business studies and is a Fellow of the Chartered Association of Certified Accountants.
For more information, please contact:
Fiona McLoughlin, Marketing Manager, Norkom Technologies on +353-1-8739612 or email fiona.mcloughlin@norkom.com.
About Norkom Technologies (www.norkom.com)
Established in 1998, Norkom Technologies (AIM: NORK.L, IEX: NORK.IE) enables financial organisations to take intelligent action, control defences, and evolve strategies against fraud, money laundering, and other types of financial crime. By combining a unique investigative technology platform with deep domain expertise, Norkom has established a solid track record of reducing financial losses, protecting users’ reputations, improving operational efficiencies, and lowering the cost information technology.
Norkom serves clients in over 100 countries, including HSBC, Credit Agricole, DnB NOR, Erste, Fortis, Rabobank, Standard Chartered Bank, Swedbank, Washington Mutual and Western Union.