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PagerDuty Expands International Presence to Lisbon
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
PagerDuty (NYSE: PD) is expanding its operations to Lisbon, Portugal, anticipating up to 100 new hires by 2022 in roles like software engineering and finance. The company's international revenue surged by 41% year-over-year in Q2, highlighting Europe as its fastest-growing market. This strategic move aligns with PagerDuty's goal of reaching $1 billion in annual recurring revenue (ARR). The Lisbon hub will foster innovation and support local tech growth, with PagerDuty counting notable companies like Farfetch and Mediatree among its clients.
Positive
Expansion to Lisbon expected to create 100 high-skilled jobs.
International revenue increased 41% year-over-year in Q2.
Lisbon presence supports goal of $1 billion in annual recurring revenue (ARR).
Growing presence in Europe, which is the fastest-growing region.
Negative
None.
As International Revenue Increasingly Contributes to PagerDuty Success, Company Rapidly Scales to Support Regional Growth
SAN FRANCISCO--(BUSINESS WIRE)--
PagerDuty (NYSE: PD), a global leader in digital operations management, today announced it is expanding to Lisbon, Portugal, with the location serving as an important cross-functional hub of innovation and development. The company expects to hire up to 100 high-skilled professionals in Lisbon by the end of 2022 for key functions such as software engineers and developers as well as finance and operations.
Europe is the fastest growing region of the business with international revenue increasing 41 percent year over year in the company’s second quarter. PagerDuty’s Lisbon presence represents an opportunity to accelerate hiring as the company scales towards $1 billion annual recurring revenue (ARR).
“We’ve seen continued growth as our digital operations platform has become critical infrastructure for both innovative start ups and the world's largest enterprises,” said Jennifer Tejada, Chair and CEO PagerDuty. “Lisbon’s entrepreneurial culture, strong university programs and local tech ecosystem support our aspirations to become the operations cloud for the modern enterprise, and we are excited to build both our presence in Portugal to continue to grow our business in Europe.”
With offices currently in Atlanta, London, San Francisco, Sydney and Toronto, PagerDuty has experienced rapid growth over the past 18 months. Earlier this year, PagerDuty began offering a European service region to help customers deliver exceptional digital experiences and also welcomed Jill Brennan who joined as vice president, EMEA. PagerDuty already counts notable Portuguese companies such as Farfetch, AiFi, Mediatree, Miniclip, Unbabel, and VictoriaPlum as customers.
“We are very excited and proud to welcome PagerDuty to Portugal,” said Luís Castro Henriques, Chairman & CEO of AICEP, Portugal’s Trade & Investment Agency. “Lisbon has become a preferred destination for IT operations with companies who are looking to benefit from a highly skilled, multilingual and dynamic talent pool. The focus on innovation and product development that PagerDuty brings to the local ecosystem are key contributions to Portugal’s positioning as a leading European Tech Hub.”
PagerDuty is actively recruiting in Lisbon. High priority roles include software engineer, senior software engineer, software engineering manager and senior product manager. Visit pagerduty.com/careers for more information.
About PagerDuty PagerDuty, Inc. (NYSE:PD) is a leader in digital operations management. In an always-on world, organizations of all sizes trust PagerDuty to help them deliver a perfect digital experience to their customers, every time. Teams use PagerDuty to identify issues and opportunities in real time and bring together the right people to fix problems faster and prevent them in the future. Notable customers include GE, Cisco, Genentech, Electronic Arts, Cox Automotive, Netflix, Shopify, Zoom, DoorDash, Lululemon and more. To learn more and try PagerDuty for free, visit www.pagerduty.com. Follow our blog and connect with us on Twitter, LinkedIn, YouTube and Facebook.
