Boston-based IT company Quantori has opened a large office in Armenia. 270 employees have already moved to Yerevan with their families. Quantori is a young company with a long history. The company has more than twenty years experience in software development for the pharmaceutical industry. Quantori transforms biology and healthcare with digital IT. The company develops intelligent solutions to help its partners make data-based decisions. This creates innovation in drug development and improves patient care. Quantori combines advanced data analysis, knowledge management, best software to speed up the market and increase the speed of the research process.

Over the past 10 years, the IT sector in Armenia has shown unprecedented growth, recording an average annual growth of 23%. Over the past two years, more than 20 start-up companies in Armenia have together received 700 million dollars of investment. Armenian start-ups are exempt from taxes on business, and the income tax for employees is 10%. According to 2021 data, the total turnover of IT companies operating in Armenia exceeded 1 billion dollars. As of 2021, the industry employs 29,000 professionals.