Industry & Business

Carlow tech company opens new Chicago office

 Breaking News
  • SEAI and OPW Partner on Energy Saving Pilot Programme The Sustainable Energy Authority of Ireland (SEAI) is working in partnership with the Office of Public Works (OPW) to help make government buildings more energy and cost efficient with the added benefit of making them warmer and healthier places to work. The Central Government Building Upgrade Fund, funded by SEAI and administered by the OPW, [...]...
  • British Institute of Facilities Management Ireland Region Awards Launched The search is on for top facilities management talent across Ireland as the British Institute of Facilities Management (BIFM) Ireland region launches this year’s BIFM Ireland Region Awards. The prestigious awards will be celebrated at the industry body’s 21st annual FM Summit which returns to the newly refurbished National Stadium at Windsor Park in Belfast [...]...
  • Keelings Raises Over €15,000 For Dyslexia Association of Ireland Keelings, Ireland’s leading producer and supplier of fresh fruit, has raised €15,556.50 for Dyslexia Association Ireland. Founded in 1972, the Dyslexia Association of Ireland works with people affected by dyslexia, by providing information, offering appropriate support services, engaging in advocacy, and raising awareness of dyslexia. Dyslexia is a learning difficulty, which affects the capacity for fluent and [...]...
  • New Directors Steer MaREI’s Vision For Ireland as Energy Leader MaREI, Ireland’s national centre for marine and renewable energy research and development, has appointed UCC professors Brian Ó Gallachóir and Jerry Murphy as its new co-directors, after the Citizens’ Assembly recently turned its attention to tackling climate change. The Assembly’s efforts align with MaREI’s vision to make Ireland a global leader in marine and renewable energy [...]...
  • ABP Food Group in £22 Million Renewable Energy Project A £22 million investment by ABP Food Group’s renewable division in a green energy plant in the UK will produce enough sustainable energy to power the equivalent of 12,000 homes.  ABP’s renewables division, Olleco, has just opened the new 15 MW Anaerobic Digestion facility in Aylesbury, Buckinghamshire. The ABP Food Group facility is located adjacent to [...]...

Carlow tech company opens new Chicago office

Carlow tech company opens new Chicago office
June 08
09:00 2017

Security specialist company Netwatch is set to open a new office in Chicago. The move will create 15 new jobs in the area. The company has chosen Chicago as its North-western location as it is one of the fastest growing regions in the USA for its transportation and logistics hub, built around Chicago O’ Hare International Airport.

Netwatch predicts major demand for its new product offerings coming from Netwatch Visual Labs, which are based around mobile video protection of high value goods and video based fire detection systems for warehouses. The company will seek to recruit local Chicago talent in areas such as sales and customer service.

This job creation drive follows Netwatch’s most recent funding round last year 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.

Founded in 2002 in Carlow, Netwatch initially grew its service in Ireland in the UK and launched in the US in 2012. US revenues alone rose by 113% in 2015, a year in which overall sales jumped 20% from €9.3 million to €11.2 million. New contract wins increased by 45% from €11 million to €16 million that year.

The new Chicago office will serve as a global excellence centre for the company, focusing mainly on the areas of sales and customer support. The office will facilitate Netwatch’s international expansion, as well as supporting further job creation in Ireland. Thirty five Irish positions have already been filled since October 2016 and a further 15 Irish jobs and 10 US jobs will be created in 2017.

Speaking at the ribbon cutting event, An Taoiseach, Enda Kenny said, “Netwatch’s office opening in Chicago continues to demonstrate how a homegrown Irish company can compete on a global scale. In 15 years, Netwatch has rapidly grown from its base in Carlow to work across four continents, and continues to conquer new markets. Netwatch and its founders have demonstrated how Irish innovation and acumen can set Irish companies apart on a global stage.”

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4