Global RegTech Clausematch has expanded into Southern Europe with the launch of an office in Portugal.
The new office is the company’s third branch globally, in addition to established teams in the UK and North America.
The team of nine employees specialises in engineering and product development. Additional employees plan to join the Lisbon team in the coming months.
According to Clausematch CEO and founder Evgeny Likhoded, launching an office in Portugal is part of the company’s overall strategy to position itself as a leading solution for policy management and compliance automation.
Likhoded added, “I am thrilled to help build our new Lisbon team. We intend to expand a strong Portuguese team to support our client projects globally. Lisbon will provide a unique outlet for our engineering team, as it is quickly becoming an established tech outlet in Western Europe.”
Ekaterina Petrushina – administrative head and leader of the Portugal office – also remarked, “In 2022, we spent a lot of time and effort to achieve the goal of an engineering hub in Portugal. We are nearly complete with the project, and it’s very rewarding to see that our employees are settled and happy to start life in such a warm and welcoming country.”
The company stated, “In the decision to launch another office in Europe, Clausematch was immediately drawn to Lisbon, as Portugal has made significant strides to become a hub for technology and innovation.
“Government officials have implemented a number of initiatives aimed at supporting the tech sector and attracting foreign investment, including tax incentives for startups and tech companies and investment in research and development. Additionally, there has been a focus on developing the tech talent pipeline through initiatives in Portugal, such as education programs and job training initiatives.”
Clausematch recently launched a digital knowledge graph on open source in a bid to help companies consume and interpret ever-changing regulations.
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