RICH GOLDMAN: ARMENIA IT REGIONAL LEADER

News.am
12:57 / 09/30/2009

Armenia has sufficient resources for being a key player in the IT
field, Rich Goldman, CEO of Synopsys Armenia, told reporters.

He pointed out that Armenia is the regional leader in the field
of high technologies, the presence of a number of world-famous IT
companies in Armenia being evidence thereof. Mr. Goldman expressed his
satisfaction with the fact that both the Armenian President and the
Government encourage and assist the development of the IT sector. He
stressed that SYNOPSYS appreciates these steps.

Mr. Goldman also addressed the presentation of annual awards by
the company. He pointed out that this year’s awards ceremony is to
be held in Armenia on November 16, 2009. The company is presently
trying to reach an arrangement with the winner of last year’s
contest (a well-known IT company) about its participation in the
ceremony. According to Mr. Goldman, the contest winners will receive
the awards from RA President Serzh Sargsyan.

As regards the impact the global crisis had on the company, Rich
Goldman said that SYNOPSYS overcame the crisis as a strong company
with larger profits than the previous year. He pointed out that the
global crisis had a considerable impact on the IT sector worldwide,
with a decrease of about 38% in profits recorded.