Norwood partners with US investment bank

Company News

by Kathy Skantzos

Telecommunications company Norwood (ASX:NOR) has signed a contract with US-based investment bank JMP Securities covering the supply of all of Norwood’s enterprise service offerings.

This is the first US-based client contract for Norwood’s Corona Compliance product, which enables financial firms to achieve smartphone compliance with regulatory bodies in the US and Europe.

It is also the first US-based client contract for Norwood’s Corona CRM product, which enables or Oracle Sales Cloud to log smartphone calls and messages to the client’s CRM system.

The contract also includes a corporate pilot for Norwood’s World Secure cyber security platform, which is expected to be launched soon.

The company said the agreement with JMP will assist Norwood in progressing additional US-based Corona Compliance deals currently in its sales pipeline.

Shares in Norwood (ASX:NOR) are trading 14 per cent higher to $0.02.

Kathy Skantzos

Finance News Network
Kathy presents the Market Outlook and ASX company news. She joined FNN in September 2017. She has been in print and online journalism for over 9 years. She also worked in corporate communications.