Norkom Global : Press Room : Press Releases : Press Releases 1999 : Norkom Technologies Announces $2m Venture Capital Investment as Part of $15m Funding plan
Summary
Norkom has grown rapidly since its inception in March ‘98 and already employs more than 80 people at its offices in Dublin, London and Brussels. Initial seed capital came from the start up management team as well as grant aid and equity from Enterprise Ireland. Following the June launch the company has already secured three major deals, two of which are international, for AlchemistÔ in the telecommunications and insurance sectors. Commenting on the plans to raise $15m, Paul Kerley (CEO, Norkom) said, “We see tremendous opportunities in the international CRM sector, particularly in the analytical and collaborative part of that market. He added, “Like many industry observers, we have been extremely impressed by the growth of Norkom and in particular its vision of where the analytical and collaborative CRM market is going.” He continued, “Alchemist™ has been built using world class best of breed technology.