Transfer of Apaga Technologies company’s control stock previously owned by Michel Davoudian to other owner will in no way influence company’s activity.

As a PanARMENIAN.Net reporter was informed at Apaga Technologies, the decision, being a mere technical necessity, was taken by shareholders, based on company’s interests. Michel Davoudian will retain his position as CEO.

Armenia’s Public Services Regulatory Committee confirmed the transfer of 75% of Apaga Technologies ordinary shares to Armenian citizen Misha Antonyan.

Apaga Technologies offers a wide range of services in Information Security such as Auditing, IT Security Consulting and Engineering as hardware and software solutions for banks, lending and credit organizations, investment and insurance companies, capital market players, payment systems, and regulatory authorities.