Grid Dynamics Holdings announced the opening of a new European hub with an office in Zug, Switzerland and new engineering office in Yerevan, Armenia.
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.
- Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
- Army SOS, which develops drones;
- Everybody Can, an organization that supports internally displaced people;
- Help on the Ministry of Defense website.