New Netwatch security firm posts €35m in revenues

The recently revamped security firm, the Netwatch Group, posted revenues of €35.1m in its first 10 months in business in 2018, new accounts show.

However, legal and professional fees of over €7.2m from the merger of four businesses making up the new Netwatch in the UK, the US, and in Ireland, contributed to the business posting a pre-tax loss of €10.1m.