Monday, November 21 2016 20:08
Alina Hovhannisyan

Optym - global leader in providing advanced analytics solutions to transportation industry - officially enters Armenian market

Optym - global leader in providing advanced analytics solutions to transportation industry - officially enters Armenian market

ArmInfo. Optym - a global leader in providing advanced analytics solutions to the transportation industry - has officially entered the Armenian market, Arthur Ghulyan, Executive Director, Optym Armenia, said during the grand opening ceremony at Elite Plaza on November 21. 

Ghulyan told reporters that the company operated on the markets of the United States and Australia and now it will provide its services to the consumers of Eurasian and European markets.  "Optym implies not only innovative solutions in transportation industry that allow reducing the transportation costs, but the company also focuses on training of highly skilled personnel," he stressed. He added that together with Armenia's higher education establishments, Optym intends to implement a number of programs aimed at developing knowledge and skills that will enable creation of operation systems to resolve logistic and transport problems. He said that the company is currently employing over 60 people, however, the company intends to increase its staff to 100 people within a year, creating up to 30 new jobs per annum.

Armenia's Deputy Minister of Transport Communication and Information Technologies Gagik Tadevosyan was also present at the opening ceremony. When replying to ArmInfo's question, he said that the company's activity is of much significance not only to IT sector, but also to the transport sector of Armenia. "Given that we are now moving towards promotion of the cooperation with Iran and becoming a transit country for multimodal transportation from Europe to Iran and back, we need to apply innovative mathematical modeling, and I think Optym will play a great role here. I pin big hopes on the opening of Optym Armenia, which will become a center of innovative solutions in the transportation industry in the region," he said. Another positive factor, he said, is the possibility to export the products developed by Armenian specialists. 

Optym is a global leader in providing advanced analytics solutions to the transportation industry. Optym Armenia was established (earlier known as ArdInnoTekh) as its first center of excellence overseas in 2007. Since its inception, Optym Armenia has led the technology direction of the company. Over the years, its has grown organically, and now has a team of 60+ individuals. The team boasts of having employees from highly academic backgrounds, with 11 PhDs and 28 Master's degree holders on the team. The Optym team in Armenia is a diverse set of individuals including technical architects, user interface/database developers, algorithm developers, user interaction designers, graphics developers and software quality teams. Optym's team has enabled Optym to successfully develop complex solutions to its customers. These include: Business intelligence solution for Canadian Pacific Railways (Canada); KPI visualization tool for CSXT Transportation (US); Yard simulation based planning tool for CSX, BNSF and CP Railways (US/Canada); Truck plan optimization tool for SAIA, ABF, FedEx (US); Airlines schedule optimization tool for Southwest Airlines (US); Rail schedule optimization tool for BHP Billiton and ARTC (Australia).

After creating success stories in North America and Australia, Optym is now also focusing to improve its presence in Eurasian Economic and European Unions, Iran. It is developing a business-focused team in Armenia now, which will also help the company reach out to these customers and provide its services to them with Armenia as its base location. At academic front, the team is already engaged with universities in different teaching and internship programs throughout Armenia. The company has recently moved into a new office with a capacity of around 100 employees, and has furnished it with world-class facilities with an investment of over USD $500,000. 

POST A COMMENT
Input digits     


News
Moscow Domodedovo Airport named FLYONE ARMENIA punctual carrierMoscow Domodedovo Airport named FLYONE ARMENIA punctual carrier
SRC: Damage caused to state -155 million AMD SRC: Damage caused to state -155 million AMD 
UNWTO Secretary General: We add Armenia to the wine tourism mapUNWTO Secretary General: We add Armenia to the wine tourism map
Armswissbank became a principal member of Visa InternationalArmswissbank became a principal member of Visa International
Armenia`s real estate market is <in chocolate>Armenia`s real estate market is
Tourism investment guide developed for RA with support of UNWTOTourism investment guide developed for RA with support of UNWTO
Gevorg Papoyan: Most of the wines produced in Armenia more than meet  European standardsGevorg Papoyan: Most of the wines produced in Armenia more than meet  European standards
Official opening of VIII UN Global Conference on Wine Tourism takes  place in YerevanOfficial opening of VIII UN Global Conference on Wine Tourism takes  place in Yerevan
Armenia to abolish profit limit for military industry Armenia to abolish profit limit for military industry 
Yandex Money blocking customer accounts (wallets) at foreign  countries` request Yandex Money blocking customer accounts (wallets) at foreign  countries` request 
WB loan to enable reconstruction of three electric power substations WB loan to enable reconstruction of three electric power substations 
WB to support compulsory medical insurance in Armenia WB to support compulsory medical insurance in Armenia 
400 apartments will be raffled by an exceptional price as a result of the new cooperation between Ardshinbank CJSC and ML Mining400 apartments will be raffled by an exceptional price as a result of the new cooperation between Ardshinbank CJSC and ML Mining
RA IC names the cause of the explosion at the Hrazdan TPPRA IC names the cause of the explosion at the Hrazdan TPP
The Central Bank of Armenia has revised its GDP growth forecast for  2024 from the previous range of 6.8- 6.1% to a new range of 6.5-5.8%The Central Bank of Armenia has revised its GDP growth forecast for  2024 from the previous range of 6.8- 6.1% to a new range of 6.5-5.8%
Fines for inaccurate tax accounts to be imposed in Armenia Fines for inaccurate tax accounts to be imposed in Armenia 
Armenia to impose punishment for unsanctioned export on sensitive  goods to EAEU Armenia to impose punishment for unsanctioned export on sensitive  goods to EAEU 
Armenia, Hungary to continue developing cooperation in sectoral  directions along with active political dialogueArmenia, Hungary to continue developing cooperation in sectoral  directions along with active political dialogue
USA to double financial aid to Armenia USA to double financial aid to Armenia 
Central Bank of Armenia: Rising unemployment and low inflation are  the result of weak aggregate demandCentral Bank of Armenia: Rising unemployment and low inflation are  the result of weak aggregate demand
Armenia ratifies agreements on determining the origin of goods  exported from the EAEU and on warehouse certificates for agricultural  productsArmenia ratifies agreements on determining the origin of goods  exported from the EAEU and on warehouse certificates for agricultural  products
Armenia ratifies the CIS Free Trade agreement Armenia ratifies the CIS Free Trade agreement 
Armenia to become part of the International Solar AllianceArmenia to become part of the International Solar Alliance
Armenia`s CB further reduces refinancing rate, from 7.75% down to  7.5%Armenia`s CB further reduces refinancing rate, from 7.75% down to  7.5%
Idram: Infrastructure for Financial Institutions․ Idram for EveryoneIdram: Infrastructure for Financial Institutions․ Idram for Everyone
Armenia intends to join the e-CMR protocolArmenia intends to join the e-CMR protocol
Yerevan to host 3rd Eurasian Economic Forum Yerevan to host 3rd Eurasian Economic Forum 
IT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of ArmeniaIT specialists, miners and financiers earn 5 times more than teachers and doctors - Statistical Department of Armenia
MP proposed eradicating the practice of illegally privatizing and then selling state propertyMP proposed eradicating the practice of illegally privatizing and then selling state property
Armenia`s foreign trade turnover increased by 95% thanks to   Armenia`s foreign trade turnover increased by 95% thanks to   "precious route" Russia - Armenia - UAE
Shares of two state-owned companies privatized, and 3.7 billion drams  transferred to the state and community budgets in 2023: Head of the  State Property CommitteeShares of two state-owned companies privatized, and 3.7 billion drams  transferred to the state and community budgets in 2023: Head of the  State Property Committee
In Armenia`s foreign trade, the share of precious metals and stones increased from 14% to 61% over the yearIn Armenia`s foreign trade, the share of precious metals and stones increased from 14% to 61% over the year
Nokia, Team Telecom Armenia open access to 25G PON services  throughout ArmeniaNokia, Team Telecom Armenia open access to 25G PON services  throughout Armenia
1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 1,115 electric cars can be imported to Armenia at preferential  tariffs by 2024 end 
Armenia intends to adopt Latvia`s experience in developing a  closed-loop economyArmenia intends to adopt Latvia`s experience in developing a  closed-loop economy
Armenia, Latvia to expand business ties Armenia, Latvia to expand business ties 
The Power of One Dram to The Power of One Dram to "Moonk" technoschool
An interdepartmental commission to support investment programs to be  established in ArmeniaAn interdepartmental commission to support investment programs to be  established in Armenia
Armenia`s external debt growing since July 2024Armenia`s external debt growing since July 2024
Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18Motor Insurers` Bureau of Armenia is increasing the maximum threshold  under the European protocol to 400 thousand drams from September 18
Yerevan to host III Eurasian Economic ForumYerevan to host III Eurasian Economic Forum
Armenia`s economy and state competing for sooner collapse -  ex-official Armenia`s economy and state competing for sooner collapse -  ex-official 
Transfers` inflow to Armenia continues to declineTransfers` inflow to Armenia continues to decline
All non-public funds to be accountable to Armenia`s CB All non-public funds to be accountable to Armenia`s CB 
Armenia`s authorities plan bridge construction in Akhtala Armenia`s authorities plan bridge construction in Akhtala 
Armenia`s premier raises problem of low-quality electric energy  supply Armenia`s premier raises problem of low-quality electric energy  supply 
Armenian broker Invia Investments to provide access to trading on ITSArmenian broker Invia Investments to provide access to trading on ITS
Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026Electric Networks of Armenia to invest AMD 296bln in upgrading grid  system by 2026
Delegates from 36 countries to attend UN Global Wine Tourism  ConferenceDelegates from 36 countries to attend UN Global Wine Tourism  Conference
Electric Networks of Armenia ever apolitical - board chairman Electric Networks of Armenia ever apolitical - board chairman 
Armenia`s authorities refrain from revising real estate prices for  taxation Armenia`s authorities refrain from revising real estate prices for  taxation 
Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector Armenia s government works out programme of accumulating capacities  introduction in Armenia s energy sector 
Maiden nonstop flight from Armenia to China carried out Maiden nonstop flight from Armenia to China carried out 
Armenia`s international reserves go down  $3.411 blnArmenia`s international reserves go down  $3.411 bln
Armenia left out of trans-border Black Sea submarine cable projectArmenia left out of trans-border Black Sea submarine cable project
RA Economy Minister: supply issues of Armenian products to Russia are  solved in due courseRA Economy Minister: supply issues of Armenian products to Russia are  solved in due course
Armenia`s finance minister on state of economy at end of first half  of 2024 Armenia`s finance minister on state of economy at end of first half  of 2024 
No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister No problems with redemption of 2nd tranche of $500mln sovereign bonds  next year - finance minister 
RA State Revenue Committee: Income tax refunded to RA State Revenue Committee: Income tax refunded to "mortgage holders"  for the first half of the year was 8 billion more than for the same  period in 2023
In October 2024  Masrik-1 solar station will be operational In October 2024  Masrik-1 solar station will be operational 
Read more
Exchange rates
13.09.2024
RUB4.260.03
USD387.23-0.04
EUR429.522.71
GBP508.322.93
CAD285.13-0.21
JPY27.530.37
CNY54.580.20
CHF456.593.11