Further evidence of arms industry diversification into criminal intelligence and investigations as BAE Systems offers £184 million for Norkom, an Ireland-based counter-fraud and anti-money laundering solutions provider that employs around 350 people.

BAE already owns Detica, a company specialising in “collecting, managing and exploiting information to reveal actionable intelligence”.

Ian King, chief executive of BAE Systems, said: “Countering financial crime is a priority for governments and financial institutions. There is a compelling logic to the combination of Detica’s NetReveal product and the complementary capabilities and customer reach of Norkom.”

See BAE press release, 14 January 2011.

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