Netwatch announces 85 new jobs to drive innovation and expansion

6th October 2016

Netwatch
L-R: Kevin Sherry, Enterprise Ireland; Niall Kelly, Netwatch; Mick Galwey, Netwatch; An Taoiseach Enda Kenny TD; David Walsh, Netwatch; Terence O’Rourke, Enterprise Ireland.
  • Openings in software development, digital marketing, engineering and sales both for Ireland and the US
  • Announcement highlights Netwatch System’s 2020 vision for growth, innovation and strategic funding
  • Expansion also follows Netwatch raising €20 million in funding for international growth, cutting edge innovation to meet client needs

Carlow company Netwatch, Ireland’s leading high tech security specialists, have announced plans to create 85 jobs within the business over the next 12 months. This is part of a €20 million investment by the company.

Netwatch will seek to recruit talent in areas such as Software and Hardware engineering, marketing and digital marketing and sales engineering solutions. Sixty of these new positions will be based in their Irish headquarters in Carlow, while the remaining 25 will be in Netwatch’s offices in the US & UK. This will see Netwatch grow to over 250 employees.

 

Investment to drive further investment

Netwatch, through its elite managed business monitoring solutions, has grown by 35% in the past year, and has further plans for expansion both here, in the US and new markets in the UK. This latest announcement ties in with Netwatch’s 2020 vision, which encompasses international expansion and innovation to improve technology solutions, and strategic funding for new projects.

This job creation drive follows Netwatch’s latest funding round, which saw an investment of close to €20 million in the business to support its international growth strategy. It was the largest funding round in Netwatch to date, supported by the Department of Jobs, Enterprise and Innovation through Enterprise Ireland’s investment in the BDO Development Capital Fund.

“Following this boost in funding, Netwatch will now focus on investing in strategic areas of their business where they see huge potential. “Technology has always been a key driver for Netwatch, explains David Walsh, CEO, and our recent investments in graduates from in the computer vision and machine learning spaces allows us to create innovative video based solutions for specific clients’ needs, often moving beyond our security brief to implement innovative services in process control, manufacturing excellence and quality control.

Speaking at the event, An Taoiseach, Enda Kenny said, “Netwatch is an example of a homegrown Irish Company that is competing on a global scale. From Netwatch’s beginnings in Carlow to working across four continents this Irish success story is providing employment to over 150 people. The announcement today of 85 new jobs shows that Ireland is to the forefront of research and development in the software sector. This Government will continue to manage the economy in a careful and prudent manner and we will do everything we can to continue to encourage job growth”

David Walsh, CEO, Netwatch said of the announcement: “In the middle of the recession, we focused on research and development and expanding the business internationally. Both the employee expansion and funding announcement is validation of that decision and also lays the ground work for the next two years of growth and development. We see a lot of untapped potential in the US which we will now be able to fully take advantage of.”

Also speaking at the event was Terence O’Rourke, Chairman, Enterprise Ireland, who said:

“Enterprise Ireland’s mission is to partner with Irish businesses looking to scale internationally.  Enterprise Ireland has been working with Netwatch for the last seven years and we’ve witnessed first-hand the company’s growth and evolution into new areas and new markets including the US and Middle East. Netwatch is an inspiring example of a company that demonstrates global ambition when it comes to its market export potential and is sending a very positive message to every Irish entrepreneur and company, particularly those regionally based, that it is possible to build an innovative and scalable company that can compete at the highest levels internationally”.

Netwatch monitor in excess of 42,000 security cameras at both commercial and residential sites across the globe from its Communications Hub in Carlow. The company currently deploys advanced video processing technologies to more than 3,200 businesses across the globe including retail, warehousing, logistics, multinational corporations as well as large Utility Companies.

ENDS

 

About Netwatch

Established in Carlow in 2003, Netwatch deploy the most advanced video processing technologies to proactively monitor and protect their client’s properties and assets.

Netwatch’s technology and service is unlike any other currently on the market. Netwatch is unique as it proactively protects properties using live audio warnings to ward off intruders. Intervention Specialists direct operations remotely from the Netwatch Communication Hub in Carlow, visually verifying the intruders, and intervene as soon as security is breached by verbally alerting the intruders they are being watched with a personalised warning. In the majority of cases intruders flee the scene upon hearing the audio warning – preventing the crime from ever taking place. In all other circumstances, the authorities are notified and the Intervention Specialists are able to give them insight into the situation before they arrive. Since 2003, Netwatch has prevented more than 40,000 crimes and currently monitor in excess of 33,000 cameras across the globe. Netwatch was the first company in Europe to combine specialist video processing technologies with satellite communications to provide safe, preventative, immediate and cost effective protection solutions for clients. Netwatch now employs over 150 staff and operates in four continents with clients across Europe, South Africa, the Middle East and the USA.

ENDS

For further information contact Netwatch Systems

Rachel McFaul

PSG Plus

Rachel McFaul

+353 85 7827230