Hystax is one of the world's leading companies in FinOps and cloud cost management. Its SaaS solution OptScale provides visibility, optimization, and control over Kubernetes, Microsoft Azure, AWS, and Alibaba workloads. OptScale assists companies in building a culture of efficient and secure IT workload usage by providing all the necessary instruments for FinOps, IT test environment and cloud cost management. It helps companies implement FinOps principles by engaging engineering teams in cloud optimization and cost-saving processes. In other words, OptScale is designed to establish a long-term FinOps process by providing full cloud cost transparency, improving resource utilization, identifying wastage, and providing hundreds of cost optimization recommendations.

OptScale is recognized by Forrester as a leading cloud cost management solution. The company works with such big-name companies as Airbus, Nokia, Burger King, Bentley, Yves Rocher, PwC, and many more. It is headquartered in Sunnyvale, California, USA and from now on will have an office in Armenia as well.  

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. NVIDIA, Adobe, Synopsis, TeamViewer, Renderforest, ManyChat, BostonGene, Lorin, Grid Dynamics, EasyData - this is just a small amount of the world's IT-influential companies that have chosen Armenia as the next location for their offices, branches, analytical and R&D centers.