Item 8.01. Other Events.

On May 24, 2021, Grid Dynamics Holdings, Inc. announced that it had entered into an agreement to purchase Tacit Knowledge, Inc., a United Kingdom-based software consultancy company specializing in digital commerce solutions and employing over 180 people across United Kingdom, United States, Mexico, and Moldova. Tacit Knowledge's expertise in the areas such as SAP Hybris, B2B/B2C, and Analytics has enabled the company to deliver innovative solutions to leading Global Brands. The transaction is expected to close in the three months ended June 30, 2021, subject to customary closing conditions.





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