Reltio recently celebrated its new office in Lisbon, Portugal with a ribbon-cutting celebration and office tour event for locals who are interested, according to a press release.
“The opening of our Lisbon location marks an important milestone in our strategic growth plans for serving the rapidly growing need for MDM among European enterprises. It also enables us to scale and support our customers and partners around the world,” CEO, founder and chairman of Reltio, Manish Sood, said. “The Portugal office is centrally located in the nation’s capital at Av. José Malhoa 22 in Lisbon.”
The new establishment will serve as the center of technology for Reltio in the region, where experts will focus on leveraging the value of their data. The company offers its services to companies of all sizes, including Pfizer, L'Oréal, Xerox, CarMax, Takeda and AstraZeneca, among various others.
The expansion is confirmed amid a period of accelerated growth for Reltio and comes at the heels of the company’s $120 million equity fund receipt, valued at $1.7 billion. Reltio is credited with raising a total of $237 million in total funding. This past summer, the company accomplished its goal of surpassing $100 million in Annual Recurring Revenue (ARR).
“When we decided to expand our global footprint and seek an office space in Europe, we determined that a location where technology and innovation is thriving was key,” Sood said. “We chose Lisbon for Reltio’s newest location as the city is passionate about building a vibrant hub of forward-thinking businesses and technology companies.”