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YEREVAN. - We don’t compete with Instagram but we have our place in the market, co-founder and CEO of PicsArt, Hovhannes Avoyan, told journalists after the visit of Armenian President Serzh Sargsyan to the company on Saturday.

According to him, Instagram continues to remain the largest photo service but it has a slightly different function. “In Instagram photos are not edited. There are, of course such features, but they are limited.  Their main function is to post photos and share them with others, whereas our key feature is to edit photos. Of course, there is also another large photo editor, Adobe, but it is mainly used via computers and not mobile devices,” Avoyan noted.

In his words, the application of the company has already been downloaded for over 400 million times, active users being estimated to nearly 90 million.

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