Ireland’s An Taoiseach Opens New Chicago Office as Part of Global Expansion
- This latest expansion will see 15 new jobs being created in Chicago, as part of a growth strategy to recruit 85 new staff, announced last October
- Announcement builds on Netwatch’s 2020 vision for growth, innovation and strategic funding
Carlow company Netwatch, Ireland’s leading high tech security specialists, today announced the opening of brand new office in Chicago, which will create 15 new jobs in the area.
This announcement is the latest development in Netwatch’s commitment – announced late last year – to creating 85 new jobs as they continue to expand, both in Ireland and Internationally. This recruitment drive will see Netwatch grow to over 250 employees.
Netwatch will seek to recruit local Chicago talent in areas such as sales and customer service.
Netwatch has chosen Chicago as their 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 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. 35 Irish positions have already been filled since October 2016, and a further 15 Irish jobs and 10 US jobs will be created in 2017.
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 per cent in 2015, a year in which overall sales jumped 20 per cent from €9.3 million to €11.2 million. New contract wins increased by 45 per cent from €11 million to €16 million that year.
This job creation drive follows Netwatch’s most recent funding around 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.
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 fifteen 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.”
David Walsh, CEO, Netwatch said of the announcement: “last year, we made a commitment to strategic expansion, investment, and innovation in 2017 – both here in Ireland and across the pond in the US. This commitment has already seen 35 jobs created here, and we are delighted to continue international expansion with our new Chicago office. This location will be of huge benefit to our customers, both in Ireland and in the US, and adds 15 further jobs to our already expanding workforce.”
Julie Sinnamon, CEO of Enterprise Ireland added “This is a tremendous milestone for Netwatch and for Enterprise Ireland. Netwatch are a great example of how innovative Irish companies can successfully enter and scale in new markets. We are proud of their successes to date and look forward to continuing to support their international growth.”