Irish security tech firm wins €19.5m funding

Irish security tech firm wins €19.5m funding
Netwatch founders David Walsh and Niall Kelly

Netwatch plans to expand customer base in Britain and US

Irish high-tech security company Netwatch Group has secured a €19.5m investment to help fund its international expansion plans.

The BDO Development Capital Fund is providing €9m in the largest of its five investments in the company so far, with Bank of Ireland providing €10.5m debt financing.

Netwatch was incorporated in Carlow in 2003 by co-founders and joint owners of the company David Walsh and Niall Kelly. It uses advanced video processing technologies to monitor...

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