Grid Dynamics Holding is a leading provider of technology consulting, dynamically scalable IT systems and data services for Fortune 500 corporations undergoing digital transformation. Founded in 2006 and headquartered in Menlo Park, California with offices throughout the US and Eastern Europe, they focus on big data analytics, scalable multichannel services, DevOps, and cloud computing support. The company also helps organizations become more agile and create innovative digital products using a deep knowledge of new technologies, the world's best engineering talent, lean software development practices, and culture of high-performing products.

Grid Dynamics headquarters  is located in Silicon Valley and has 22 engineering solution centers in the US, Western, Central and Eastern Europe, India, and Mexico, employing more than 3,500 technologists.

Currently, Grid Dynamics opens an office in Switzerland and an engineering center in Armenia. The new office is located in Yerevan and will employ more than a hundred engineers. Opportunities to expand the office in Armenia are expected to increase in 2022 as the company attracts top talent with high-profile global clients and a reputation for innovative digital engineering projects.

The IT sector in Armenia has shown unprecedented growth over the past 10 years, 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.