Security firm Netwatch secures €19.5m to fuel US and UK plans

Carlow-based security company Netwatch has secured a €19.5m investment to fuel its expansion into the international markets.

The BDO Development Capital Fund will provide €9m — the largest of its five investments so far — with Bank of Ireland providing the additional €10.5m in debt financing.

The funding boost will enable the company which uses security cameras coupled with intelligent software to detect suspicious events and monitor client assets to accelerate its expansion into the US and UK.