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Norkom's Russia deal

DUBLIN-based Norkom Technologies secured a deal to provide anti-money laundering service with a Russian bank. As part of the deal, Norkom and IBM will supply software to VTB.

Filip Verbeke, Norkom's sales manager for central and eastern Europe and Germanics, said he was "thrilled" to have agreed the contract with VTB. Shares in the company spiked after the announcement yesterday, jumping 11pc to 90c in early trading.