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Candian Company To Operate In Armenian Information Technology Sector

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  • Candian Company To Operate In Armenian Information Technology Sector

    CANDIAN COMPANY TO OPERATE IN ARMENIAN INFORMATION TECHNOLOGY SECTOR

    Noyan Tapan
    Aug 22, 2007

    YEREVAN, AUGUST 22, NOYAN TAPAN. A cooperation agreement was
    signed a week ago between the Canadian software company Makademian
    and M-Possible, an Armenian company engaged in electronic design
    automation. According to the agreement, the Canadian company will
    found its subsidiary in Armenia, the director of the Enterprise
    Incubator Foundation (EIF) Bagrat Yengibarian said during a talk with
    NT correspondent.

    B. Yengibarian noted that the above mentioned agreement envisages that
    Makademian will create a company with 15 employees (at the initial
    stage) on the basis of M-Possible. The company will be located in the
    building of the EIF and will become the second largest subsidiary of
    Makademian in Eastern Europe and the CIS.

    In the words of the EIF director, this agreement was reached with
    the support of Armenia's IT Representative Office in Toronto (Canada).

    Makademian is the first Canadian IT company to have been fonded
    in Armenia.

    "The company has set up a regional center in Romania, and it has been
    discussing with Armenia's IT Representative office in Canada for over
    a year the opportunity of working in Armenia," B. Yengibarian said.

    According to him, Makademian is one of Canada's leading companies
    that produces software by using "C++" and ".net" programming languages.
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