Pictured at the merger announcement: David Walsh, CEO, Netwatch Group, An Taoiseach Leo Varadkar, TD and Martin Scott, The Riverside Company. (Photo by Conor McCabe Photography).
Onwatch Merges with Irish and US Industry Leaders to form Global Monitoring Group
The newly formed company, Netwatch Group, unites UK based Onwatch Multifire with Netwatch (Ireland), CalAtlantic (United States) and National Monitoring Center “NMC” (United States). It will protect hundreds of thousands of sites in the United States, United Kingdom, Europe, Middle East and Africa in a wide variety of segments including government, transportation, critical infrastructure (utilities, communications, energy), manufacturing, education, stadiums, finance, retail and residential.
Netwatch Group will be headquartered in Carlow, Ireland. Its North American headquarters will be located in Lake Forest, California with satellite offices in Boston, New Jersey, Dallas, Houston, and Chicago. The company’s UK headquarters will be in East Sussex, United Kingdom. The Company will immediately have a network of six advanced Global Monitoring Centres, connected by the Netwatch proprietary CRATOS technology platform.
David Walsh, CEO, revolutionized the security market by introducing proactive visual monitoring and innovations such as managed services. The company invests heavily in R&D and developed proprietary technology. He was.one of the earliest pioneers in the field of proactive visual monitoring and Netwatch co-founder of Netwatch and will serve as the CEO of the new group, which is headquartered in Ireland.
“Today we are creating a global leader in proactive monitoring services. There is increased demand for visual monitoring from enterprise customers, driven by the continuing evolution of technology and advances such as AI, Deep Learning, 5G and IoT (Internet of Things). The combined strengths of Onwatch, NMC, CalAtlantic and Netwatch - all leaders in their respective geographies, means that we can immediately deliver industry leading proprietary technologies in proactive visual monitoring to hundreds of thousands of clients who rely on us to protect lives, assets and business operations.”
We will specialize in providing risk management, business continuity, security and life safety services to clients across the world. We create a fearless environment for our customers and we will continue to innovate in pursuit of this quest. We have ambitious growth plans to expand our global footprint which we will achieve through organic growth and further acquisitions.” (David Walsh).
Crowborough based proactive visual monitoring and fire company Onwatch Multifire, with offices in the City of London, Rochester, Newport and Sunderland is a leading light in the new company. Peter Gould, Onwatch Multifire Managing Director and Founder will continue to lead the Onwatch Multifire team as the Managing Director in East Sussex and lead the combined Netwatch and Onwatch Multifire activities in the United Kingdom.
“I am really excited to be leading Onwatch Multifire and the team into a new phase of growth and development, drawing on the combined strength from three industry leading companies from around the world. In addition to having the experience of Samir and David at the helm with the backing of Riverside, we are perfectly set for our journey and taking full advantage of the clear transitions in the wider market. Combining everyone’s strengths and CRATOS, our market leading monitoring software, we will have the ability to continue to redefine, at a much larger scale, the electronic security and life safety services market within the UK and beyond". (Peter Gould).
Visionary and Industry influencer Samir Samhouri is the architect behind the combination and will serve as the chairman of the board for the new group. Samir Samhouri is former Chairman and CEO of Xtralis, a major leader in Early Detection Safety and Security technologies. Xtralis was sold to a Fortune 100 company in 2016. Samhouri has been appointed Chairman of Netwatch Group and will be one of the company’s investors
Visit www.netwatchgroup.com for additional information.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 520 transactions. The firm’s international portfolio includes more than 75 companies. Riverside has a track record of international technology investments, having completed more than 85 in its history. The deal is led by UK and Ireland Partner Dr. Martin Scott, who alongside Principal Laura Dillon, will sit on the board of the new group.