Credit: Datawatch Systems

The commercial office security company Datawatch Systems is relocating and expanding in Bethesda.

The company is moving to a new 25,000-square-foot space near its current headquarters on East West Highway and is planning to hire an additional 50 full-time workers over the next four years, according to state officials.

Datawatch Systems President William F. Peel credited Maryland and Montgomery County for providing financial support that will help the company remain in Bethesda.

“Although businesses have many opportunities in this region, we are beyond thrilled to remain in Montgomery County and look forward to the continued growth and expansion of our organization,” Peel said in a statement. The exact address for the company’s new home was not provided.

The Maryland Department of Commerce gave the company a $50,000 training grant through its Partnership for Workforce Quality program. The county is providing an $80,000 conditional grant through its Economic Development Fund.

The company, which was founded in 1981, specializes in providing security cards and locking mechanisms for office buildings. The company’s keycards are ubiquitous on office lanyards throughout the region.

“We are happy to have Datawatch as part of the community of great cutting-edge companies that call Montgomery County home,” County Executive Ike Leggett said in a statement.