Guide to the Armenian Tech Sector: 100 Best Companies
Part 2: 50 more companies
Armenia is emerging as a new technological hub. For the past several years Armenian tech sector retains 27%+ consistent annual growth. And in 2017 turnover of the IT sector equaled to 7% of total GDP of the country. But the main reason to consider Armenia as a living and working destination for the tech professionals is the variety of companies with a global mission, strong teams, and challenging tasks. Local companies enter the international market early on and compete successfully, while global companies open branches and labs in Armenia.

The second part of the guide covers 50 more companies that make significant input and put Armenia to the international tech map.

360 stories
360Stories is a platform and online community featuring 7,000 user-generated travel stories, each captured in high-definition 360-degree video or photography. Each story is augmented with history and local insights, written and verified by the team. The company started off featuring only Armenian sights. Ministry of Culture of Armenia assisted the company in the process, helped capture notable places of Armenia. As for now, 360Stories' collection includes multiple cities and activities.

Besides exploring the world in VR and AR, visitors of the website can buy one-day tours and attractions online in the destinations presented on the site. 360Stories is changing the process of booking travel activities and making it more immersive.
Beaxy is an all-in-one cryptocurrency exchange platform, it is a secure environment with a variety of tools for the beginners and advanced traders. The partnered cyber-security firm fully audit the exchange. The platform offers features like automatic sweeping, phishing prevention, 2FA, IP whitelisting. With 225,000 transactions per second per pair, Beaxy is faster than anything else in crypto. Beaxy also introduced its native exchange token (BXY) and offers additional benefits to those using BXY on the platform.

Cisco is the US-headquartered multinational corporation that designs, manufactures and sells networking equipment. The company was founded in 1984 and currently has over 80,000 employees worldwide. The company established presence in Armenia through the acquisition of the Armenian company Memoir Systems, a provider of embedded memory technology, at the end of 2014. The end goal of the acquisition was to increase the manufacture of affordable and high-speed memory for existing ASIC-Cisco switches and circuits.

Vacancy: Hardware Engineer

Click2Sure is a full-stack digital insurance platform which enables retailers, service providers, distributors and brokers to chose out of 20 custom developed insurance products and incorporate it at the point of sale. The company offers automated claims processing and administration with full policy life cycle management. The company headquarters in Cape Town, while Click2Sure's development team is located in Yerevan, Armenia.

Vacancies: Backend Developer, Frontend Developer, Head of Engineering, Lead QA Engineer

DataArt is a global technology consultancy that specializes in building software products and enterprise systems, system modernization services, provides services of production system maintenance, digital transformation and innovation, and security testing services for a product or infrastructure. The company employs over 2,800 professionals in 22 locations across the globe.

In 2019 DataArt announced the opening of the research and development (R&D) and sales office in Armenia. Yerevan office will support the company's activity across all the spheres but mainly focus on quality assurance (QA) and support, as well as business development. The office will become fully operational in June of 2019, with 30 dedicated employees on board by the end of the year.

Vacancies: Frontend (Angular+React.js) Developer, Node.js Engineer, Senior Python Developer

Deloitte is an umbrella brand for member firms providing audit, consulting, financial advisory, risk management, tax and related services limited to particular geographic areas and are subjects to the laws and professional regulations of the particular country or countries in which they operate.

Deloitte in Armenia is a part of Deloitte CIS. The company established presence in Armenia in 2012. The team is providing audit, tax, consulting, and financial advisory services to public and private clients from various industry sectors, like Financial Services, Funds/Asset Managers, Manufacturing companies, IT and Telecommunication large operators.

DigiFence Technology
DigiFence is a Yerevan-based company providing solutions for data management and protection from online and offline threats. The company works with clients regardless of their size or industry. DigiFence establishes a holistic security program on 4 different levels: basic, foundational, organizational, enterprise, customized to the industry and IT environment needs of a client.

Disperse is an artificial intelligence construction startup focused on improving on-site productivity utilizing visual recognition and computer vision techniques. CV keeps up with the progress and detects anomalies, 360° site scanning option captures every little detail. While the possibility of continuous feedback engaging everyone involved in the process helps to optimize the workflow and flag early warnings.

Company is working on some of the largest residential projects in London, while the team of around 35 people is based out of London, the UK, Sarajevo, Bosnia and Herzegovina, and Yerevan, Armenia.

Vacancies: Software Engineer (R&D), QA Engineer, Frontend/UI Engineer

EarlyOne is a mobile queue and customer flow management system. The startup was founded in Armenia in 2016. The platform is operating for banks, financial and healthcare organizations, telecommunication companies, and governmental institutions.

Earlyone is already available in Armenia, Belarus, Kazakhstan, Ukraine, Moldova, Georgia, Kyrgyzstan, Mongolia. The company is planning to expand to Serbia, Bulgaria, Romania, and other countries.

Embry Tech
Embry Tech develops hardware and software solution for a shoe to turn it into biometric data tracking and wellness monitoring device. Patent-pending technology measures weight change, number of steps, cardio and sitting time, calories burned throughout the day. Plus, the app gives wellness insights. With time Embry Tech is planning to turn the shoe into a medical device gathering all the health data.

The company was founded in 2017, the whole team is based in Yerevan, Armenia. In 2018, Embry Tech closed our pre-seed investment round led by Tim Draper backed firm, SmartGateVC.

Vacancy: iOS Developer
EPAM is a leading global product development, digital platform engineering, and digital and product design agency operating since 1993. Yerevan office was established in 2014. The company employs over 33,000 people, with close to 200 of specialists working in the Yerevan office.

Same as within numerous branches of EPAM Systems, Armenian office launched EPAM eKids. It is a 1-month program for around 30 children different schools in Yerevan and from nearby cities which introduces programming principles and provides necessary training and environment to start in the field.

Vacancies: Java Developer, JavaScript Engineer, Lead Test Automation Engineer, Senior C++ Developer, Senior JavaScript Engineer, Senior Test Automation Engineer

EventGeek is a project management and ROI toolkit that tracks everything related to event marketing in one place starting from the budget, logistics, and list of guests to the itinerary, sales, and sync to CRM. The product is used by event teams at Google, University of Oxford, Honda, and a variety of clients from different spheres.

EventGeek was created by two teams, one coming from San-Francisco, the US, the other from Yerevan, Armenia. The startup was founded by 3 investors, among them are Y Combinator, American seed accelerator, and HIVE Ventures found investing in the Armenian tech ecosystem.

Vacancy: Full Stack Software Engineer

Fimetech is a software company specializing in Machine Learning, Artificial Neural Network, Image and Video Processing, Robotics, Indoor and Outdoor positioning and mapping, Internet Of Things, Embedded Software, and other technologies. The company applies those skills to robotic construction, firmware, and software programming, different platform support, DSP module generators, to research and adapt new technologies.

In the past years, Fimtech has launched products like Chessfimee, a specialized online platform powered by Deep-Learning based chess engine. The company designed Mapato, Bluetooth Low Energy (BLE) based indoor and outdoor positioning and mapping system, different EDA solutions, and other tools.

Fouraitch company provides consulting services in business digitization, cloud migrations, web application development. The company has 2 offices - one in Yerevan, Armenia, the other one is located in Berlin, Germany. Fouraitch is working with a variety of clients of all sizes and specializations: sports e-commerce, ed-tech companies, social platforms.

Vacancies: Senior Node.js/React.js Developer, React Native Developer, Senior PHP Developer, Backend Developer

gg is an on-demand transportation platform connecting drivers and passengers in all major cities of Armenia, providing intercity transfers, services of trucks and evacuators. The company was founded in 2014 and got investments from the Armenian venture capital firm Granatus Ventures. Starting from Armenia, gg now operates in Georgia (since 2016) and Russian (since 2018) with over 100,000 monthly active users.

Vacancies: Frontend Developer, iOS Developer, Android Developer

Ginosi Apartels & Hotels
Ginosi is an international hospitality chain and appertel and hotel operator headquartered in Yerevan, Armenia but with locations across Europe and the US. To maximize the efficiency of hotel chain management the company develops its own software and hardware.

Vacancy: Senior PHP Application Developer
GreaterGood Europe founded in Armenia in 2014 is a subsidiary of GreaterGood owned and operated by CharityUSA, an e-commerce company with a mission to support charitable causes. On the website of the company, one can shop, sign a petition, donate items, spread information. GreaterGood is an IT company, engaged in the software development of websites as well as their corresponding mobile applications to support the end goal.

Heltun is an Armenian company working on engineering, manufacturing, installation, and technical support of Smart Home devices and products. The company works on items like the heating thermostat, light control devices, security systems, different sensors modules, applications for remote control, and a vast variety of other tools. Based in Yerevan Heltun sells its products across Europe.

Improvis is a Yerevan-based company founded in 2012 by scientists and mathematicians. The company designs and develops Computer Vision and Artificial Intelligence specialized software. Besides, Improvis provides a variety of services for desktop and mobile platforms: 2D/3D patterns detection, stereo vision, optimization and speedup of the existing algorithms. In addition, the company is working on scientific research, game development, and even graphic design.

InOne is an app to keep all the loyalty cards in one place and access them at any time. Besides, the platform informs on sales, offers, new collections, and other relevant information.

Innova AM is a part of Moscow-headquartered IT company that publishes computer games in 4game Center, its own desktop application. Innova AM is developing online games management and anti-cheating and anti-hacking systems. Overall, the company employs around 250 specialists, but the Yerevan office of the company is no more than 10 professionals.

Instigate Design
Instigate is an Armenian engineering company with hardware and software teams founded in 2004. The company specialized in system level design of electronic systems, EDA specific software design, and parallel programming. Design services provided by the company range from software design and quality assurance to comprehensive application engineering with an emphasis on audio and video coding and communication.

As a way to prepare new hires the company opened training department, Instigate Training Center. In 2008 it was re-organized into an NGO, and in 2011 it was officially registered as a Foundation. Training Center helps university graduates and junior specialists bridge the gap between theoretical and practical knowledge. Instigate Training Center runs training in Gyumri, Vanadzor, Stepanakert, Goris, Ijevan, Kapan, Hrazdan, Akhalkalaki and Ninotsminda, and even expanded its operation to Georgia.

Vacancies: Senior Software Engineer, Artificial Intelligence Engineer

IUnetworks is an Armenian company providing e-government, enterprise solutions, and networking equipment working both with private and state organizations. IUnetworks provides custom software development, electrical engineering services, networking and security solutions, hardware and software distribution. IUnetworks cooperates with a variety of global companies: Sun Microsystems, Ericsson, Cisco, 3COM, Pirelli, Planet, Axis. The company is Oracle Gold Partner and Cisco Premier Partner, both companies are also present in Armenia.

Based in Yerevan, Armenia, IUnetworks is the largest e-gov solutions provider. The company employs over 250 specialists.

Vacancies: Angular JS Developer, Senior Android Developer, JavaScript Developer, Senior Java Developer

Koreez Games
Koreez Games is a game development startup working on the puzzle and arcade games. The company creates cross-platform HTML5 and Unity3D mobile and PC games, games for Messenger Instant Games, VK Direct and other emerging platforms. Notable projects of the team were featured as App of the week on AppStore and Editor's Choice on Google Play.

Leviathan is a local company founded in 2015. Leviathan is a non-anonymous peer-to-peer trading, information management, and communication platform that aims to eliminate mediators and create an environment free from censorship, unfair competition, and filtering traffic. First of all, the platform targets news and niche music distribution.

Besides news and music distribution network, Leviathan develops Metax, P2P distributed system for storing and transferring online data without intermediation, centralized server or authority. Metax also enables developers to build their own cloud infrastructure using the exclusively open source code and SW published under a free license.

The third product of the company is Cut it Short messenger. It supports end-to-end encryption based on a P2P distributed network.
Macadamian is a Canadian UX and software design and development company specializing in solutions for the healthcare industry. The company works side by side with the clients' team to assess current technologies and plan for the future improvement, works on a project from ideation to market-ready, provides team and skills augmentation. Besides, the company provides services in a variety of fields from strategy consulting and user interface design to rapid prototyping and legacy migration.

The company has over 20 years of experience and offices in Canada, the US, Romania, and Armenia. Yerevan office was established in 2007 and now it is a big team of all kind of specialists.

Vacancies: Senior React Developer and Senior .Net Developer

Mamble is a software engineering and development company. Since its establishment in 2015 the company a wide range of applications, aimed to automate financial consultancy businesses including debt consultancy, mortgage rate finding, call center automation.

Vacancies: Web Developer and Python Software Engineer

Mentor, a Siemens Business
Mentor Graphics is a technology leader in electronic design automation (EDA), providing software and hardware design solutions since 1981. The company has product development offices in the US, Europe, Japan, Pakistan, India, Egypt. In 2008 Mentor Graphics established presence in Armenia through the acquisition of the assets of Ponte Solutions, a US-based company with a research and development center in Armenia. In 2017 Siemens closed Mentor Graphics acquisitions, Mentor joined the Siemens product lifecycle management software business unit.

The team in the Yerevan office of the company grew over 100 specialists.

MentorcliQ is a full-featured mentoring software system for recruiting, enrolling, matching, managing, and measuring mentoring participants. MentorcliQ is also available as an app for Android and iOS platforms. The platform supports programs in more than 65 countries for 1 Million employees. The development team of the company is based in Yerevan, the rest of the team is spread across the US. is a food-delivery service operating in Armenia. The company is working with 500 restaurants and specialized stores of Yerevan. The company has been operating since 2012.

National Instruments
National Instruments is a well-established producer of automated test equipment and virtual instrumentation software operating since 1976. The Armenian branch started its operation in 2007, and more than a decade later employs around 70 professionals. The company's current major projects include the elaboration of prototypes of 5G connection systems, testing of various functions of self-driving cars, application of IIoT (Industrial Internet of Things) and testing of micro schemes for this direction.

Vacancy: Systems Engineer

Noor Games
Noor Games is a Yerevan-based gamedev company offering full-cycle game development services: game prototyping, game development with quality assurance, sound design, and maintenance. The company creates mobile games for the following platforms: iOS, Android, Amazon and Windows Phone.

One Market Data
OMD Armenia is a wholly owned Armenian subsidiary of the US-based company OneMarketData, a leading provider of comprehensive data management systems, market data storage, analytics, and complex event processing solutions.

The company was founded in 2005, and 2 years later opened an office in Yerevan, Armenia. Currently, over 70 professionals are working at the Yerevan office.

Optym provides automation and optimization software to transportation and logistics companies in the airline, railroad, trucking, and mining industries. The company was founded in 2000 in the US. Later Optym opened offices across the US, in Australia, India, Chili, and Armenia. The Yerevan office of the company was opened in 2007. Currently, it is the second-largest Optym's office in the world with over 80 employees.

Vacancies: Senior Software Developer

Oracle is the world's largest developer of software for corporate clients and a major provider of server hardware with hundreds of thousands of employees across 184 locations.

In 2013 the Armenian Government and the American Oracle Corporation signed a Memorandum of Understanding stating that Oracle will provide assistance to Armenia within the framework of its educational programs, assessment and expanded application of Oracle solutions in public agencies, and creation of an Oracle excellence center in the country.

Year later, in the middle of 2014 the company announced opening an office in Armenia through the acquisition of a local company LiveLook. LiveLook was a provider of cloud-based, real-time collaboration with innovative technology for co-browsing and screen sharing. LiveLook has become a part of Oracle Service Cloud and the first R&D office of the company in Yerevan.

The company also participates in the Armenian tech market organizing conferences for the Armenian group of Oracle users.

Pixomatic is a web and mobile photo editor created by the Armenian software development company Qube specializing in image processing, Machine Learning, and Artificial Intelligence. The app allows users to remove and change image backgrounds, add blur, customize colors and apply selective adjustments.

Vacancy: Videographer/Video Editor
Plexonic is a Yerevan-based game development company. Since its creation in 2008, the company has created more than 50 casual games. The company started off with skill-gaming, then moved to Facebook, and with time to the mobile market. The scope of Plexonic's game genres varies from match-3 to 3D games.

Praemium is a wealth management solution provider. Over 1,000 financial institutions and 500,000 investors globally use the platform to manage or administer their investments. The company was founded in Australia in 2001. Technology team of the company is located across the globe: in Australia, the UK, China, Hong Kong, and Armenia. Yerevan office of the company employs around 40 specialists.

Quality Testing Lab
Quality Testing Lab is a Yerevan-based company providing a full range of software testing services at any level of software development. Variety of Testing-as-a-Service solutions provided by the company includes automation, performance, security, functional, and cross-platform testing. With time QA Lab started offering API testing with the company's own Python framework.

Besides, the company assists in the overall development process by offering consulting services, test planning, test execution, and other management-related issues throughout the product development life-cycle.

Going beyond the office, QA Lab was among the organizers of the Yerevan Testing Days Conference.

Questrade is a Canadian-based company operating in Armenia since 2010. The company specializes in the design and engineering of innovative brokerage technology solutions. Questrade offers several products for clients to achieve financial independence.

Self-Directed Investing is a chance to build investment portfolio and trade online in North American markets for stocks, options, ETFs, mutual funds, precious metals, bonds and GICs with one of the lowest commission. Questwealth Portfolios are portfolios managed by a team of experts. The portfolio of ETFs is calculated based on the investment goals of a client.

The Yerevan office of the company grew from a small group to a team of over 60 specialists.

Screenful is a software company developing visual dashboards for project management and automated team status reports. The platform uses data from the existing services like Trello, JIRA, GitHub, Asana, GitLab, and Pivotal Tracker. Screenful is used by clients like hp, IBM, Tesco, vodafone, Harvard Law School, and many others while a small team is located in Helsinki, Finland, and Yerevan, Armenia.

Triada Studio is a Yerevan-based award-winning animation, motion design and visual effects studio with over 26 years in action. Along with creative services the Studio is working on game development. In 2015 the company successfully launched Shadowmatic, a 3D realistic puzzle game for iOS, tvOS and Android platforms.

Shadowmatic is an imagination-stirring puzzle where you rotate abstract objects in a spotlight to find recognizable silhouettes in projected shadows, relevant to the surrounding environment. The game won numerous awards, including Apple Design Award, Best of Google Play and App Store, Excellence in Visual Art Award DevGamm, and more.
Simply Technologies
Simply Technologies is a software development and innovation company delivering end-to-end software development services and market-ready solutions. The company specializes in a multifunctional web and multi-platform mobile apps, large-scale web services, and multi-purpose and multi-platform conversational chatbots all using JavaScript and related technologies.

Steven - PEI Development
Steven is an e-commerce startup headquartered in Stockholm, Sweden with a small team of developers working from Yerevan, Armenia. Steven is an app that helps to settle debts or split expenses between friends. The app calculates who owes who and handles transactions through the app.

Synergy Armenia is a subsidiary of Synergy International Systems, a global software company providing a full range of services: software implementation, subject matter expertise, consulting, training and support, and integration with other systems. The company delivers service to governments, international organizations, non-profits, and the private sector all over the world.

Synergy was founded in 1997. A year later the company opened a subsidiary branch and Global Learning Center in Yerevan, specializing in research and development, quality assurance, and technical support. In 2012, Synergy founded a branch in Artsakh, Nagorno Karabakh that currently employs around 30 specialists. In 2016 the company also opened an office in Gyumri, second largest city in Armenia.

Overall, Synergy is heavily involved in the further development of the Armenian tech market. The company organizes internships, study tours and IT summer schools for future professionals.

TUMO - Center for Creative Technologies
Step aside from the traditional tech companies, TUMO Center for Creative Technologies is a new kind of after-school educational centers that gives children tools to succeed in the modern world. The TUMO learning program is free-of-charge activities for the children age 12 up to 18 focused around 14 learning spheres: programming, game development, graphic design, animation, robotics, motion design, 3D Modeling, animation, and other creative fields.

Beside local coaches and tutor supervising workshops and projects all year round, every year over 100 technology and design professionals from around the world come to TUMO.

Currently, over 19000 teens attend TUMO in 4 different locations - Yerevan, Gyumri, Dilijan, and Stepanakert. In 2018 TUMO opened international centers in Paris and Beirut. And in the upcoming years, TUMO is going to open two more centers in Koghb and Masis, Armenia and Moscow, Russia.

Vacancies: Senior Front End Software Engineer (React or Vue.js), Art Director, Workshop Leaders, Coaches
Polixis is a RegTech (tech company managing regulatory processes) and advisory firm empowering their solutions through the proprietary data and software. Company's software named ARDIS contains terabytes of multi-lingual, cross-jurisdictional, interlinked compliance and economic data, empowering any user with speedy access to data in a wide range of languages. Besides, the company provides data to signal any political, AML, reputational, sanction or other risks, automated KYC reviews, and several types of RESTful APIs. Polixis is headquartered in Geneva, Switzerland has offices in Zurich, London, and Yerevan. Yerevan office of the company was established in 2017.

Besides, Polixis facilitates further development of the Armenian tech potential. As a part of that, in 2019 the company supported the establishment of two Armath Labs, engineering club-laboratories within the public school system.

Ucraft is a drag and drop website builder that does not require any designer or coding skills from a customer to launch his own page. The platform allows to connect with an existing domain or create a new one. Ucraft customizable designer templates can be used to build anything from a blog to an all-in-one e-commerce site. The platform supports the integration of a number of marketing, analytics, design and other tools, and for the website promotion, Ucraft has its own SEO app.

Vacancies: Senior JS Developer, Senior Backend Developer, Product Owner

WICASTR is a cloud platform for sending content to the very edges of the network. That, in turn, helps create wireless networks and run applications, a wireless hop away to smart devices, connected objects, and sensors without a faraway cloud.

The company was founded in London in 2013. Outside of the UK Wicastr has offices in Montreal, Canada, and Yerevan, Armenia. Among the investors that supported the company was Granatus Ventures, Armenian venture capital firm. Wicastr also participated in the program for startups realized by the Enterprise Incubator Foundation, largest technology business incubators and IT development and one of the biggest in the region.

Xilinx is a US-based technological company known for inventing field-programmable gate array and programmable SoCs (system on a chip). The company has offices in 9 different locations and in May 2019 Xilinx established its new research and development center in Yerevan. The country was chosen due to its history of being one of the centers of Electronic Design Automation (EDA) in USSR. EDA tools for FPGA are the main driver of innovation in this field. In search of EDA talents, Xilinx launched the office in Armenia.
Guide to the Armenian Tech Sector
Part 1: 50 best companies operating in Armenia including global corporations and local products
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