Top 5 Armenian IT Companies

Armenian IT industry is considered as one of the leading spheres in the country devolving rapidly year by year.

According to the government data, the prise Incubator Foundation (EIF) indica IT sector totals the  5% of GDP share.

The  2015 report by the Entertes that about 450 Information and Communication Technology (ICT) companies operate in Armenia, and about 88% of which are located in Yerevan, capital of the country. The IT companies are based in other regions of Armenia as well. Particularly, a great number of IT companies are operating in Gyumri and Vanadzor, which are respectively the second and third largest cities in Armenia.

Find 5 Armenian IT companies which gained huge fame worldwide.

Triada Studio

Triada is a Yerevan-based computer graphics and animation studio founded in 1993. The most successful projects of the project is an imagination-stirring puzzle  Shadowmatic. The game has won the prestigious Apple Design Award during Apple’s Worldwide Developers Conference in San Francisco in June 2015. Also, it has been included in the Google Play’s list of best games in 2017.

PicsArt

Picsart is a well-known image editing application and a social network. The application was launched in 2011. Its formula of success is that PicsArt takes the opposite approach to photo enhancing to Instagram’s. The latter emphasizes simplicity, PicsArt offers far more image-editing options.

Let’s look through several remarkable facts about the company:

  • The company’s annual revenue is $5M;
  • PicsArt competes with such image editing companies as Aviary, BeFunky, and Pixlr;
  • Strong social community.  

Joomag

Joomag offers various forms of digital publishing communications to individuals and businesses. The company was founded in 2009, and today the number of its users is more than 500.000. The company has its branches in Armenia, USA, Russia, Germany, and China. Joomag is a powerful tool for companies’ digital marketing and sales efforts.

According to products and customer support ratings’ search, Joomag is ranked pretty high in the majority of the rarking websites.

 

BetConstruct

BetConstruct is an international provider of online and land-based gaming solutions, which was founded in 2003. The headquarter is located in London, but the company has its branches worldwide.

Here are some important facts to know:

  • It is one of the biggest companies in Armenia;
  • The number of the company’s employees is more than 1100;
  • BetConstruct’s annual revenue is $44.1M;
  • Its main competitors are Bet Extreme, Betrader and Bwin.Party

National Instruments

National Instruments is a leading international company in design, prototype, and deploy systems for test, control, and embedded design applications.

NI was founded in Texas, U.S. It has also an Armenian branch, which has started its operations in 2007. Its customers’ number is more than 30.000, which are companies from diverse industries located worldwide. NI areas of specialization physics, materials, and fission Reactors.

Statistics show that the Armenian IT sphere is the most promising in the region, which offers world-class R&D capabilities, low operating costs, solid government support, and other benefits.

Armenian IT Sphere is one of those spheres which definitely deserves the attention of the foreign and local investors with its large potential and workforce.  

 

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