Redwood Coast, California –(Business Wire)–Reltio, the leading cloud-native SaaS master data management (MDM) platform company, today officially announced the opening of an office in Lisbon, Portugal, with a ribbon-cutting celebration and office tour for local dignitaries. The new location will be a hub for technological innovation in the region. The Reltio team will focus on helping companies accelerate data value to maximize business impact. This has become increasingly important and critical, especially in the current economic environment.
Data is at the heart of business, and Reltio’s modern MDM platform helps global enterprises leverage, connect, cleanse and unify their multi-source data in real-time and consolidate it into a single source of truth. Reltio proudly serves companies of all sizes, including 14 of the Fortune 100, and globally recognized clients such as Pfizer, L’Oreal, Xerox, CarMax, Takeda, and AstraZeneca—all of which rely on the Reltio platform.
“The opening of our Lisbon office marks an important milestone in our strategic growth plan to meet the rapidly growing demand for MDM from European businesses. It also enables us to expand and support our clients and partners around the world, ” said Manish Sood, CEO, founder and chairman of Reltio.
The Portuguese office is located in the center of the country’s capital, Av. José Malhoa 22 in Lisbon.
“When we decided to expand our global footprint and look for office space in Europe, we identified locations where technology and innovation thrived. A hub for forward-thinking businesses and technology companies,” Sood added.
The announcement comes at a time when Reltio is growing rapidly. Reltio previously announced $120 million in equity financing at a $1.7 billion valuation. Reltio has raised $237 million in total funding to date. In June, Reltio announced that it had crossed the $100 million annual recurring revenue (ARR) mark, a major milestone as businesses across industries are increasingly interested in adopting modern cloud MDM solutions as part of their digital transformation part of the strategy.
At Reltio, we believe that data should drive business success. Reltio’s cloud-native master data management (MDM) SaaS platform unifies core data from multiple sources into one trusted source of information in real time. Clean, connected, actionable data enables Reltio customers to increase revenue, improve efficiency and manage risk. Leading corporate brands in more than 140 countries across multiple industries rely on our award-winning solutions to turn data into their most valuable assets. Reltio named a Forrester Wave™ 2021 Master Data Management Leader for the third year. Visit Reltio.com.