March 12, 2008 - Boston, USA - Named Vendor of Year for contribution to financial services and accounting compliance and regulation by Compliance Reporter

Norkom Technologies has been named Vendor of the Year in the sixth annual Achievement in Regulatory Compliance Awards given by Compliance Reporter, a publication of Institutional Investor News. Norkom accepted the award yesterday at a luncheon during the third annual Compliance Officer Summit in New York.

Norkom, a leader in financial crime and compliance software for the global financial services industry, received strong support from both its clients and the readers of Compliance Reporter in this year’s balloting. The Norkom approaches to dealing with money laundering, fraud and risk management were all factors in the decision. Compliance Reporter cited Depository Trust and Clearing Corporation’s choice of Norkom for an effective way to track and analyze suspicious transactions, and it also noted AXA Financial’s selection of Norkom’s enterprise-wide system of risk management.

“We’re very pleased and honored that our clients and the staff and readers of Compliance Reporter have seen fit to place Norkom at the head of the 2008 field of compliance vendors,” stated Joe Friscia, vice president and general manager for Norkom in North America.

“Intelligent automation of the entire process is key to remaining in compliance and to saving money through preventing fraud. You’ve got to sift, analyze, and uncover connections between and among vast numbers of data points and bits of information, and that’s what our solutions do exceptionally well,” continued Friscia. “The banks and companies that are most effective at this have evolved beyond mere alerts and detection to the rapid investigation and strong case management that our solutions provide.”

Norkom’s Enterprise Investigation Management (EIM) solution meets the growing demand by financial institutions for enterprise-wide, risk-based approaches to compliance and crime prevention. More than half of the company’s clients deploy its software across multiple regions of the world, intelligently tracking and managing all potential financial crime events and delivering the information needed for fast, decisive action.

Norkom will be exhibiting and demonstrating its newest EIM release at the Money Laundering Alert 13th Annual International Conference in Hollywood, Florida March 17-19.

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