Cloudflare Expands European Operations With New Lisbon Headquarters, Plans Major Workforce Growth
Portfolio Pulse from Benzinga Newsdesk
Cloudflare, Inc. (NYSE:NET) has opened a new headquarters and technical hub in Lisbon, Portugal, to support its expanding EMEA operations. The company plans to significantly grow its workforce in Lisbon, where it has already increased from 14 to over 350 employees since 2019.
October 18, 2024 | 8:04 am
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Cloudflare is expanding its European operations with a new headquarters in Lisbon, Portugal, and plans to significantly increase its workforce there. This expansion supports its growing presence in the EMEA region.
The opening of a new headquarters in Lisbon and plans for workforce growth indicate Cloudflare's commitment to expanding its operations in Europe. This strategic move is likely to enhance its market presence and operational capabilities in the EMEA region, potentially leading to positive investor sentiment and a short-term stock price increase.
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