Carlow company Netwatch, a specialist in high tech security, plans to create 85 jobs over the next 12 months as part of a €20 million investment programme.
It will seek to recruit talent in areas such as software and hardware engineering and sales engineering solutions. Sixty of the new positions will be based in its Irish headquarters in Carlow, while the remaining 25 will be based in the US and UK.
Investment to drive further investment
Netwatch, through its elite managed business monitoring solutions, has grown by 35 per cent 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. Following this boost in funding, the company will now focus on investing in strategic areas of its business where they see huge potential.
“Technology has always been a key driver for Netwatch” explained David Walsh, CEO of Netwatch. “Our recent investment in graduates from 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.
“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,” he added.
Netwatch monitors 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 worldwide including retail, warehousing, logistics, multinational corporations as well as large utility companies.