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ots Ad hoc-Service: NorCom Info.Techn. <DE0005250302> NorCom on course for strong growth in Northern and Southern Europe
NSA AS acquired Stock-market flotation planned in the medium term

Munich (ots Ad hoc-Service) -

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NorCom Information Technology AG has
taken a major step towards becoming a major player in European
e-security business. The Munich-based company has acquired a 51%
stake in NSA AS, a Norwegian company excellently positioned in the
Scandinavian e- business solutions market with roughly 55 employees.
NSA is one of the leading consulting and project companies for
application service providers and web factories in Scandinavia. Its
client base for e-business solutions includes the most prestigious
and largest names in the telecommunications and financial services
industry as well as the public sector. As a result, NorCom will gain
access to companies such as ABB Industry, DnB Markets, the largest
commercial bank in Norway, Telenor Conax, Telenor Media, Bravida
Telenor Company and the Department of Defense, with whom it will be
able to promote its range of products and services. Together with NSA
the aim is for NorCom to secure a portion of the still unsaturated
Scandinavian IT security market with its NorCom Global Security (NGS)
lineup.
Profitable operations
NSA AS not only possesses excellent sector and IT skills but also
operates very profitably. In 1999, the Oslo-based company posted EBT
of approx. EUR 164,000 on revenues just short of EUR 4 million.
NorCom will be paying the vast majority of the purchase price with
its own stock. As a result, NorCom has strengthened its position
superbly in Scandinavia, a market with the highest Internet
penetration playing a pioneering role in the European e-business /
m-business sector. This e-business "boom region" will generate strong
spending on IT security in the future. In the medium term a
stock-market flotation is planned.
Equity interest in Italian IT security company planned
With its plans to take a stake in Italian IT security company Live
Network Security srl, NorCom Information Technology AG is making
further inroads into the Southern European market. Thus, in less than
one year after its IPO, the Munich-based company has built up
presence in Northern, Southern and Central Europe by setting up its
own bases at key locations in Norway, Italy, Dublin and Germany,
backing this up with new distribution channels.
Based in Milan, Live Network Security is to form the main thrust
of NorCom's activities in the Italian IT security market. An alliance
was forged with the Italian company back in January of this year. The
planned share in the consulting and systems integration company is to
finance the establishment of the company's own distribution network
for NorCom's flagship NorCom Global Security (NGS). This will form
the basis for swift penetration of the Italian market by NorCom
technologies. ------------
For further information please contact: NorCom Information
Technology AG Bettina Kraus - press Stefan-George-Ring 6 D-81929
München Fon +49-89-939 48 140 Fax +49-89-939 48 123  press@norcom.de
http://www.norcom.de
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