EPAM Systems
Company type | Public |
---|---|
Industry | Software engineering |
Founded | 1993 |
Headquarters | , U.S. |
Area served | Globally |
Key people | Arkadiy Dobkin (chairman, president & CEO) |
Services |
|
Revenue | US$4.69 billion (2023) |
US$501 million (2023) | |
US$417 million (2023) | |
Total assets | US$4.35 billion (2023) |
Total equity | US$3.47 billion (2023) |
Number of employees | 65,150 (2024) |
Website | epam |
Footnotes / references [1] |
EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. EPAM is a founding member of the MACH Alliance.
History
Early years
In 1993, Arkadiy Dobkin and Leo Lozner founded EPAM, a global software engineering services company, in
In 2002, EPAM was ranked publicly for the first time as a fast-growing company by Deloitte & Touche.[3] In 2012, EPAM was listed on New York Stock Exchange under the moniker EPAM.[4][5]
Timeline
In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America.[6]
In 2006, EPAM secured an equity investment from Siguler Guff to fund its competitive growth plans.[7]
In 2006, EPAM acquired VDI, a software development services company with delivery centers in Russia, which expanded the company’s presence in the CIS region.[8] That year, EPAM CEO Arkadiy Dobkin was named one of the Top 25 Most Influential Consultants of the Year by Consulting Magazine.[9]
In late 2012, EPAM made two acquisitions – Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile,[10] and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce.[11]
EPAM made two acquisitions in 2018 to expand its service offerings: Continuum (now EPAM Continuum) [12] and TH_NK[13] to add consulting capabilities and develop its digital and service design practices. Also that year, EPAM launched InfoNgen®, a text analytics and sentiment analysis enterprise software product that uses artificial intelligence.[14]
The company also productized TelescopeAI®, an artificial intelligence-based platform for IT operations and workforce management, which won a 2019 Big Innovation Award presented by the Business Intelligence Group.[15]
In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA).[16] That year, the company launched EPAM Continuum, its service for business, experience and technology consulting.
The company also launched EPAM SolutionsHub, a catalogue of its software products, accelerators and open source platforms. As part of its SolutionsHub launch, EPAM also released the Open Source Contributor Index (OSCI), a tool that ranks the top open-source contributors by a commercial organization.[17]
In August 2021, EPAM expanded its presence in Latin America through the acquisition of Colombia-based S4N,[18] a software development services firm specializing in the design and development of modern software products and enterprise platforms.[19]
In July 2021, EPAM acquired CORE SE,[20] a professional service provider specializing in IT strategy and technology-driven transformations, to further expand its Western European footprint in the DACH region.
In May 2021, EPAM acquired Just-BI,[21] a Netherlands-based consultancy specializing in SAP/S4HANA and enterprise data and analytics program management.
EPAM acquired Israel-based cybersecurity services provider White-Hat Ltd. in May 2021.[22]
In April 2021, EPAM acquired PolSource,[23] a Salesforce Consulting Partner with more than 350 Salesforce specialists across the Americas and Europe.
In December 2021, EPAM joined the S&P 500 American market index.[24]
In May 2021, EPAM Systems ranked 1,804 on the Forbes Global 2000 list.[25]
In 2022, EPAM announced several strategic acquisitions and investments, including a majority stake in U.S. software firm Contino and a minority stake in U.K. AI-driven data analytics firm Noodle.io.[26]
Russian invasion of Ukraine
During the
Acquisitions
Company Acquired | Country | Date | Business |
---|---|---|---|
Fathom Technology[6] | Hungary | March 2004 | Software Engineering |
VDI[8] | US, Russia | September 2006 | Software Development |
B2BITS Corp[33] | US | April 2008 | Capital Markets & Financial Services |
PLUS MICRO[34] | Kazakhstan | June 2008 | Information technology and services |
Rodmon Systems[35] | US, Belarus | May 2009 | Consulting services and technology solutions |
Instant Information[36] | September 2010 | ||
Empathy Lab[11] | US | December 2012 | Digital Strategy & Omnichannel Experience Design |
Thoughtcorp[10] | Canada | May 2012 | Telecommunications, Agile, Business Intelligence & Mobile |
Netsoft USA, Inc.[37] | US | March 2014 | Healthcare Consulting |
Jointech[38] | China, Hong Kong, Singapore | April 2014 | Investment Banking, Wealth & Asset Management |
GGA Software Services LLC[39] | US | June 2014 | Life Sciences & Healthcare |
Great Fridays[40] | US, UK | October 2014 | Product & Service Design |
Signus Labs | 2015 | Gaming | |
Alliance Global Services[41] | US, India | November 2015 | Product Development Services & Test Automation |
NavigationArts[42] | US | July 2015 | Digital Strategy & Experience Design |
Dextrys[43] | US, China | June 2016 | Software engineering and application services |
InfomatiX[44] | Hungary | September 2016 | Big data and analytics |
Tahzoo/Adnovate[45] | Netherlands | 2017 | Digital strategy and experience design |
Weka | UK, NZ | 2017 | Life sciences and R&D |
Continuum[12] | US, Italy, China | March 2018 | Digital Strategy, Experience Design & Innovation Studios |
TH_NK[13] | UK | November 2018 | Digital Consulting, Strategy & Experience Design |
Competentum[46] | US, Russia | July 2019 | Educational Content Services & Learning Platform |
ShareKnowledge | US, Russia | July 2019 | Educational Content Services & Learning Platform |
test IO[47] | US, Germany | July 2019 | SaaS Testing service |
Axsphere | Paris, France | September 2019 | Digital Consultancy |
NAYA Technologies[48] | US, Israel | November 2019 | |
S Media Link | Russia | 2019 | Web development |
Onsolve | Vietnam | November 2019 | Product development services |
Deltix[49] | US, Belarus, Russia | February 2020 | Software and services provider for quantitative research, algorithmic and automated systematic trading |
Ricston Ltd.[50] | UK, Malta, Spain | September 2020 | Software integration and connectivity solutions provider |
PolSource[51] | US, Poland | April 2021 | Salesforce consulting |
White-Hat Ltd.[52] | Israel | May 2021 | Cybersecurity |
Just-BI[53] | Netherlands | May 2021 | SAP/S4HANA/Enterprise data and analytics program management |
CORE SE[54] | Germany | July 2021 | Consulting, strategy and transformation services |
S4N[55] | Colombia | August 2021 | Software development |
Emakina Group[56] | Belgium Headquarters | November 2021 | Strategy, Creative & Digital Experience |
Optiva Media[57] | Europe and Latin America | December 2021 | Product development and digital services (media/entertainment) |
ENGINIETY[58] | Poland | January 2022 | Commerce technology delivery |
Awards
- EPAM was named to Forbes’ 25 Fastest Growing Public Tech Companies list in 2013,[59] 2015, 2016,[60] 2017[61]
- EPAM was named as one of Fortune’s 100 Fastest-Growing Companies in 2019,[62] 2020[63] and 2021.[64]
- In May 2021, EPAM ranked 1,804 on the Forbes Global 2000 list.[65]
- EPAM joined the S&P 500 in December 2021.[66]
- EPAM was named a Top 10 Travel, Hospitality & Logistics Service Provider in 2018 by HFS Research[67]
- In 2019 EPAM was awarded the BIG Innovation Awards for the development of the TelescopeAI[68] product became the winner of the international competition The Global SDG Awards in the category "Quality Education", 12 employees of the company were recognized as Sitecore Most Valuable Professionals.[69]
- In 2019, KMWorld Magazine named EPAM in the list of 100 significant companies in the field of knowledge management.[70]
References
- ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 22, 2024.
- ^ "Know The Success Story of EPAM Systems and its Journey". Your Tech Story. 2019-11-06. Retrieved 2019-11-28.
- ^ "EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte & Touche Technology Fast 500". www.epam.com. Retrieved 2019-11-28.
- ^ "EPAM Systems, Inc. successfully listed on the New York Stock Exchange" (PDF). sigulerguff.com. Archived from the original (PDF) on 2021-09-29. Retrieved 2019-11-28.
- ^ "EPAM Systems, Inc. (EPAM) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com. Retrieved 2020-12-08.
- ^ a b Ferranti, Marc (2004-03-17). "Epam merges to expand offshore services". Network World. Retrieved 2019-11-28.
- ^ Dai, Shasha (2012-02-16). "Siguler Guff Sells Down Shares In EPAM". The Wall Street Journal. Archived from the original on 2022-06-14.
- ^ a b "VDI to be acquired by New Jersey". www.bizjournals.com. Retrieved 2019-11-28.
- ^ "Arkadiy Dobkin". Software Russia. 2012-03-20. Archived from the original on 2021-11-10. Retrieved 2019-11-28.
- ^ a b "Press Release". www.sec.gov. Retrieved 2019-11-28.
- ^ a b N. DiStefano, Joseph (20 December 2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". inquirer.com. Retrieved 2019-11-28.
- ^ a b EPAM (2018-03-15). "EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities". GlobeNewswire News Room (Press release). Retrieved 2019-11-28.
- ^ a b "Global software firm buys digital agency TH_NK". BusinessCloud.co.uk. 2 November 2018. Retrieved 2019-11-28.
- ^ "EPAM Launches InfoNgen 7.0 to Improve Actionable Insights". KMWorld. 2018-05-08. Retrieved 2019-11-28.
- ^ Poptamas, Vlad (2019-02-12). "EPAM Wins 2019 Big Innovation Award For TelescopeAI™, An AI-Enabled Platform To Help Businesses Manage The ir IT Operations". PICANTE Today - Hot News Today. Retrieved 2019-11-28.
- ^ "EPAM Joins Blockchain in Transport Alliance, Largest Association in the World | EPAM". www.epam.com. Retrieved 2019-11-28.
- ^ Fejes, Balazs. "Why Open Source Software is Critical to the Future of Financial Services". www.epam.com. Retrieved 2019-11-28.
- ^ "EPAM Adds Engineering Scale with Colombia Acquisition". Nearshore Americas. 12 August 2021.
- ^ "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence". news.yahoo.com. 27 July 2021. Retrieved 2023-01-05.
- ^ "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence". Yahoo. 27 July 2021.
- ^ "EPAM Snaps Up Just-BI; Street Says Buy". Nasdaq.
- ^ "Israel Cybersecurity Co White-Hat Bought Out By EPAM For $50 Million". Jewish Business News. 5 May 2021.
- ^ "EPAM Expands Salesforce Capabilities with Acquisition of PolSource". EPAM.
- ^ "EPAM Systems Set to Join S&P 500". Cision.
- ^ "EPAM Systems (EPAM)". Forbes.
- .
- ^ Gallagher, Ryan (2 March 2022). "Ukraine Stance by U.S. Tech Firm Epam Sparks Internal Dissension". Bloomberg. Retrieved 2022-03-27.
- ^ Martin, Iain (3 March 2022). "Ukraine War Divides Employees At American Tech Company That Straddles The Front Lines". Forbes.com. Retrieved 2022-03-27.
- ^ Сапитон, Михаил (April 8, 2022). "EPAM полностью уходит из России и запускает фонд помощи украинцам – письмо основателя компании". Forbes.ua (in Russian). Retrieved April 26, 2022.
- ^ "EPAM Systems Begins Process of Exiting Operations in Russia". MarketWatch. Archived from the original on 2022-04-11. Retrieved 2022-04-11.
- ^ "Із Росії йде EPAM — найбільший розробник софту". ФОКУС (in Ukrainian). 2022-04-08. Retrieved 2022-04-11.
- ^ Joseph F. Kovar (2022-04-08). "EPAM Systems Starts Exiting Russian Operations After Ukraine Invasion". CRN.com. Retrieved 2022-05-27.
- ^ "EPAM Systems Acquires B2BITS Corp., a Leading Provider of Solutions and Consulting Services to the Capital Markets". PR.com. Retrieved 2019-11-28.
- ^ "EPAM Investor Information". Investors - EPAM. Archived from the original on 2022-01-27. Retrieved 2022-01-25.
- ^ "Rodmon Systems Details". Apollo - Companies. Retrieved 2022-01-25.
- ^ "EPAM Strengthens Its Business Information Services Offerings by Acquiring Instant Information, a Leading Provider of Cloud Based Information Management and Discovery Services". EPAM Systems. 2010-09-21.
- ^ "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA". MarketWatch. Archived from the original on 2019-11-28. Retrieved 2019-11-28.
- ^ "EPAM Acquires Jointech, Expands China-Based Delivery Capabilities". MarketWatch. Archived from the original on 2019-11-28. Retrieved 2019-11-28.
- ^ "EPAM Acquires GGA Software". finance.yahoo.com. 9 June 2014. Retrieved 2019-11-28.
- ^ "EPAM Acquires Great Fridays, Product and Service Design Company". Software Russia. 2014-11-12. Retrieved 2019-11-28.
- ^ EPAM (2015-11-16). "EPAM Acquires Alliance Global Services". GlobeNewswire News Room (Press release). Retrieved 2019-11-28.
- ^ EPAM (2015-07-13). "EPAM Expands Digital Engagement Practice With Acquisition of NavigationArts". GlobeNewswire News Room (Press release). Retrieved 2019-11-28.
- ^ EPAM (2016-06-22). "EPAM Enhances Global Delivery Capabilities and Extends Footprint in China with Acquisition of Dextrys". EPAM News Room. Retrieved 2022-01-24.
- ^ "EPAM- SAP HANA and S/4HANA Services". Market Research. 2019. Retrieved 2022-01-24.
- ^ "Representative Legal Matters" (PDF). Baker McKenzie. 2020-10-02. Retrieved 2022-01-24.
- ^ "EPAM Expands Education and Learning Offerings With Acquisition of Competentum". www.prnewswire.com. Retrieved 2019-11-28.
- ^ "test IO Joins the EPAM Family". test IO. 2019-07-01. Retrieved 2021-05-09.
- ^ Kovar, Joseph F. (2019-11-05). "EPAM Acquires NAYA Technologies, An Israeli and US-Based Consultancy Specializing in Complex Cloud Migration and Data Management Services". epam.com. Retrieved 2022-01-27.
- ^ "EPAM Systems Acquires Deltix". www.mergr.com. Retrieved 2022-01-11.
- ^ "EPAM Acquires Ricston Ltd., Expanding Global API Practice and Salesforce Capabilities". www.epam.com. Retrieved 2020-11-11.
- ^ "EPAM Enhances Salesforce Capabilities With PolSource Buyout". Nasdaq. 2021-04-08.
- ^ "American tech giant EPAM acquires Israeli security startup White-Hat". US Tech Times. 2021-05-05.
- ^ "EPAM Systems Acquires Just-BI BV". Mergr. 2021-05-11.
- ^ "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence". Yahoo. 2021-07-27.
- ^ "EPAM Adds Engineering Scale with Colombia Acquisition". Nearshore Americas. Retrieved 2022-01-11.
- ^ "EPAM Systems (EPAM) Acquires Emakina, Boosts Digital Portfolio". Yahoo.
- ^ "EPAM Acquires Optiva, Boosts Digital Transformation Portfolio". Nasdaq. 2021-12-15.
- ^ "EPAM Acquires Optiva, Boosts Digital Transformation Portfolio". EPAM. 2022-01-25.
- ^ "EPAM Named to Forbes List and Wins Oracle Award". Software Russia. 2013-06-13. Retrieved 2019-11-28.
- ^ "EPAM Ranked #8 on Forbes' List of 25 Fastest Growing Public Tech Companies". www.epam.com. Retrieved 2019-11-28.
- ^ "EPAM Again Joins Forbes' List of 25 Fastest Growing Public Tech Companies". www.epam.com. Retrieved 2019-11-28.
- ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2019-11-28.
- ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2020-11-11.
- ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2022-01-26.
- ^ "EPAM Systems (EPAM)". Forbes. Retrieved 2022-01-26.
- ^ "EPAM Systems Set to Join S&P 500". PR Newswire. Retrieved 2022-01-26.
- ^ "HFS Top 10 Travel, Hospitality, and Logistics Service Providers". HFS Research. 2018-10-25. Retrieved 2019-11-28.
- ^ "Платформа EPAM TelescopeAI удостоена награды BIG Innovation Award 2019". www.epam-group.ru (in Russian). Archived from the original on 2021-10-20. Retrieved 2020-12-09.
- ^ "2019". mvp.sitecore.com. Archived from the original on 2019-05-17. Retrieved 2020-12-09.
- ^ "KMWorld 100 Companies That Matter in Knowledge Management 2019". www.kmworld.com. Retrieved 2020-12-09.
External links
- Official website
- Business data for EPAM Systems, Inc.: