Netwatch making €5 million US play

Irish risk and security management firm Netwatch is investing €5 million in its US expansion and aims to hit €30 million in recurring revenue by 2018. This year the business is on track to hit €15 million in recurring revenue.

Netwatch, established in 2003, has opened offices in Britain, Boston, New York and, most recently, Pittsburgh. By early 2016 it will open an office in Chicago.

The Carlow-based company recently won two contracts ...