Carlow County Council has welcomed the announcement that Netwatch, the Irish security monitoring company, has established the Netwatch Group, following investment from global private equity firm The Riverside Company “Riverside”.
The newly formed company sees Netwatch join forces with National Monitoring Centre “NMC” (California), CalAtlantic (Texas) and Onwatch Multifire (Sussex, United Kingdom) to become Netwatch Group, a new global leader in proactive security monitoring services.
Attending the launch, Kathleen Holohan, Chief Executive Carlow County Council said “This announcement by Netwatch is good news for County Carlow and the company spearheaded by David Walsh & Niall Kelly are to be commended for their vision and dedication to County Carlow and developing a global enterprise from County Carlow”, Holohan continued to say “County Carlow is fast gaining a reputation for passionate people who believe first hand that County Carlow has the complete package to support start up and developing companies and this announcement will further put County Carlow on the map as a location for cutting edge research, innovation and business development”
Speaking at the launch of Netwatch Group, Taoiseach Leo Varadkar, TD said; “This is good news not just for Netwatch, but also for Carlow and the wider region.The company has developed innovative, proprietary technologies which have revolutionised the security market. I would like to commend the vision of David Walsh and Niall Kelly on their ambition to grow their company from its Carlow base which has been realised today with the transformation of Netwatch into a global Group operating on four continents. Netwatch Group has been supported since its earliest days by Enterprise Ireland and is yet another example of how Irish technology companies can win on the global stage. I wish Netwatch Group every success in the future.”
David Walsh, CEO, Netwatch Group said; “Today we are creating a global powerhouse in proactive monitoring services. There is increased demand for visual monitoring from enterprise customers, driven by the continuing evolution of technology and advances such as AI, Deep Learning, 5G and IoT (Internet of Things). We have the proprietary technology, developed by our R&D team in Carlow to meet this demand. We have ambitious growth plans which we will achieve through organic growth and further acquisitions”.
As a new leader in proactive monitoring services the firm will specialise in providing risk management, business continuity and security services to clients across the world. The new company will immediately protect over hundreds of thousands of customers across the US, Europe, Middle East and Africa with a network of six global communications hubs connected by the CRATOS, a technology platform developed by the Netwatch R&D team in Carlow.
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