Norkom Group, an Irish maker of software that helps banks prevent money laundering and fraud, forecast “strong organic growth” in fiscal 2009.
The Dublin-based company is "pleased with the group's performance" and has "good visibility of potential revenues" for the year through March 2009, Norkom said in a statement today.
Chief executive officer Paul Kerley told investors at its annual meeting in Dublin today the company "operates in a market that is very stressed'". It is "very difficult" for its customers to cut spending on fraud and anti-money-laundering software.
Bloomberg
