- NorCom
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NorCom Information Technology AG Type Joint-stock company Industry Information technology consulting
Software engineeringFounded Munich, Germany (1989) Founder(s) Viggo Nordbakk Headquarters Gabelsbergerstraße 4
80333 MunichNumber of locations 6 Area served Munich, Nuremberg, Frankfurt am Main, Moscow, San Francisco Key people Viggo Nordbakk
Tobias AbthoffProducts NCPower Services Information technology consulting Revenue 34,6 Mil. € [1] Total equity 27,6 Mil. € [2] Owner(s) Viggo Nordbakk Employees 170 (31. December 2010) [3]
NorCom Information Technology AG, situated in Munich, Germany, was founded in 1989. The founder and chairman is Viggo Norbakk along with the executive board member Dr. Tobias Abthoff. NorCom is listed in the General Standard of the Deutsche Börse. The company listed itself in 1999.Contents
Business operation
NorCom is focused on IT-consulting and software product development. NCPower, one of the main products of NorCom, has been developed for TV- and radio broadcasting companies to enhance the workflow management of media content. The companies using the NCPower system in Germany include the RTL-Group and the news broadcaster N24 of ProSiebenSat.1 Media.
One of the biggest customers of NorCom within IT-consulting is the German Employment agency (Bundesagentur für Arbeit) and its headquarters in Nuremberg. In early December 2009 NorCom reached an agreement for four years of consulting worth more than 10 Million Euro. Therein NorCom undertook the basic IT-services and problem solving to support the agency's business communication.[4]
In July 2011 NorCom accepted a 3-year contract from DB Systel, which became active in August 2011. Within the terms of the contract NorCom will provide IT-support services for DB Systel. DB Systel has reserved around 30 Mil. Euro of their budget per year for the contract. However, no obligation to take delivery was made, and realistically NorCom predicts a revenue of 3-5 Mil. Euro.
Business locations
The headquarters are located in Munich, Germany. The company has branches in Nuremberg and Frankfurt. Two other branches can also be found in Moscow and San Francisco, USA.
Affiliates and holdings
Along with the NorCom Information Technology AG, NorCom AG encompasses six legally independent affiliates in and outside of Germany. Within these affiliates NorCom AG owns the majority vote and oversees operations. These include the 100%-affiliates that are NorCom Systems Technology GmbH, MaxiMedia Technologies GmbH as well as NorCom Information Technology Inc. in the US and NorCom Information Technology GmbH in Moscow, Russia. Additionally, NorCom is preponderantly associated with Norske Systemarkitekter AS in Oslo, Norway and have a 49% ownership of Value & Risk AG in Frankfurt. [5]
Revenue
The NorCom corporation increased its sales revenue by 9% to 34,6 Mil. Euro in 2010. [6]
Stock structure
Nordbakk Invest GmbH 25,26 Percent [7] Nordbakk Holding GmbH 10,82 Percent [7] Development Enterprise 6,6 Percent [7] Treasury stock 6,03 Percent [7] Public float 50,73 Percent [7] References
- ^ Annual report 2010, S. 56
- ^ Annual report 2010, S. 54
- ^ Annual report 2010, S. 38
- ^ NorCom gewinnt weiteren Auftrag der Bundesagentur für Arbeit auf finanznachrichten.de, gesehen 18. Mai 2010
- ^ Annual report 2010, S. 34
- ^ Annual report 2010, S. 35
- ^ a b c d e Angabe link to the stock structure at the company's website, as of 20. Mai 2010
Weblinks
Categories:- Stock market
- Categories named after companies of Germany
- Software engineering
- Information technology companies
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