To meet the relentless and increasing global demand for digital engineering, Grid Dynamics is expanding to Armenia—an emerging global tech hub. The new office is in Yerevan, the capital of Armenia, and over a hundred engineers are being onboarded. Armenian delivery capacity is expected to multiply in 2022 as the company attracts
top talent with high-profile, global clients and a reputation for innovative, digital engineering projects.
Grid Dynamics also announced today it would cease remaining operations in the Russian Federation in the coming weeks. The exit plan has been in the works since the Russian invasion of Ukraine in late February. The plan includes the safe and expedient relocation of willing employees and ongoing management of projects to eliminate delivery impact to clients. A majority of employees have already relocated to various engineering centers.
Grid Dynamics presence in Switzerland and Armenia is a testament of our strong interest in expanding European business development and engaging the local engineering talent. Regarding our exit from Russia, it is timely and necessary. Grid Dynamics has an unwavering commitment to Ukraine, our employees, and the future of humanity,
said Leonard Livschitz, CEO of Grid Dynamics.
Key Takeaways:
- Grid Dynamics expands to a new European hub with an office in Zug, Switzerland.
- Grid Dynamics opens a new engineering office in the fast-growing tech market of Yerevan, Armenia.
- Grid Dynamics ceases operations in the Russian Federation.
About Grid Dynamics
Grid Dynamics (Nasdaq: GDYN) is a digital-native technology services provider that accelerates growth and bolsters competitive advantage for Fortune 1000 companies. Grid Dynamics provides digital transformation consulting and implementation services in omnichannel customer experience, big data analytics, search, artificial intelligence, cloud migration, and application modernization. Grid Dynamics achieves high speed-to-market, quality, and efficiency by using technology accelerators, an agile delivery culture, and its pool of global engineering talent. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the US, Mexico, UK, Netherlands, Switzerland, and Central and Eastern Europe.
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