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Arms Giant BAE Systems To Take Over Irish Anti-fraud Company
national |
anti-war / imperialism |
news report
Friday January 14, 2011 11:30 by Anonymous
Today’s Daily Telegraph reports that shares of Dublin-based anti fraud software design company Norkom rose 32pc this morning to €2.04, following a statement by BAE that said Norkom's board had unanimously recommended a €2.10 per share bid from BAE for the company The Telegraph quotes Ian King, BAE Systems chief executive, saying he hoped the merger would "result in a significantly enhanced offering for customers and present an opportunity for accelerated growth for the BAE Systems Group in the fast growing cyber and intelligence services sector." |
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Jump To Comment: 1 2In April 29, 2004 , Norkom reached agreement with the Allied Irish Bank Group (AIB), to allow its Risk Management solution to be used by the bank to support their operations.
According to the company's website
"Norkom’s solutions allow Financial Services Institutions to improve their defenses against all [sic] types of risk including credit and debit card fraud, money laundering, operational risk and other types of financial crime. "
'BAe Systems has an enviable record in how it values and respects the people that make it successful.' Paul Kerley CEO Norkon...
And if ya dont believe us ask the Saudi (prince of the royal family, hey its democracy we defend here)Minister for Defence who was bribed (er, make that valued and respected)with the princely sum of the full £1Bn sterling for services rendered in the procurement of of BAe hardware.
Parliament squashed a fraud squad investigation: In the national interest.
Not bad for an autograph. You'd have to do a few centuries in McD's to clock that bonus. But then we dont want monkeys so we can't pay peanuts.
'scuse my envy of that record.