Carlow-based security specialist Netwatch has merged with two similar firms from the UK and US.
The newly formed company sees Netwatch join forces with American firm National Monitoring Centre (NMC) and the British-owned Onwatch Multifire to become Netwatch Group.
Netwatch Group will be monitoring 300,000 customer sites across four continents, with the Irish arm of the company more than doubling its current employee base to 220.
The new Group has contracted revenues in excess of €60m.
Netwatch received an undisclosed investment from global private equity firm Riverside ahead of the merger.
Commenting on the deal, Netwatch Co-founder and CEO David Walsh said the new entity has "the proprietary technology, developed by our R&D team in Carlow to meet this demand.
"We have ambitious growth plans which we will achieve through organic growth and further acquisitions."
The firm will specialise in providing risk management, business continuity and security services to clients across the world.
The new company will immediately protect over hundreds of thousands of customers across the US, Europe, Middle East and Africa with a network of six global communications hubs connected by the CRATOS, a technology platform developed by the Netwatch R&D team in Carlow.
The deal gives Netwatch access to 1,000 resellers in the US.
The UK firm involved in the merger, Onwatch Multifire, specialises in remote video monitoring and it will be the new entity’s British base. Netwatch Group also announced the appointment of Samir Samhouri, as Chairman of the company.
Mr Samhouri is an industry veteran who developed Xtralis to be a global leader in safety and security technologies
Advisors to Netwatch were William Fry, EY, Grant Thornton and Bank of Ireland Corporate Banking.
