EPAM Systems

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EPAM Systems
Type Public
Traded as NYSEEPAM
Industry Software engineering, Outsourcing
Founded 1993
Headquarters Newtown, Pennsylvania, USA
Area served Globally
Key people

Arkadiy Dobkin, CEO & President
Anthony Conte, Chief Financial Officer
Alex Lyashok, Head of Global Operations
Balazs Fejes, Global Head of Banking and Financial Services Industry Business Unit
Elaina Shekhter, Global Head of Travel and Consumer Industry Business Unit
Ginger Mosier, Vice President, General Counsel and Corporate Secretary
Karl Robb, President, EPAM Systems Europe, Executive Vice President

Sam Rehman, Chief Technology Officer
Services Software Product Development, Application Development, Enterprise Application Platforms, Application Testing, Application Maintenance and Support, ASM and Infrastructure Services
Employees 11,500 (Q3, 2014)
Website www.epam.com

EPAM Systems, Inc. (NYSEEPAM), also known as EPAM, is a global provider of software engineering and IT consulting services with the headquarters in Newtown, PA, USA. The company has software development centers and branch offices in the United States, Canada, UK, Switzerland, Germany, Sweden, Netherlands, Singapore, Belarus, Hungary, Russia, Ukraine, Kazakhstan and Poland.

The list of EPAM’s clients includes Colgate-Palmolive Co., SAP AG, Sephora, Four Seasons Hotels and Resorts, Coca-Cola Co., Adidas AG,[1] Barclays Capital,[2] among others.

EPAM can be found among technology and solutions partners of Oracle,[3] SAP,[4] Microsoft,[5] Adobe, IBM,[6] MongoDB,[7] Netbiscuits,[8] Amazon Web Services,[9] Zend,[10] and others. In April 2013, the company was named Oracle's Top Business Impact Partner, EMEA – 2012 at the 5th Annual Oracle Commerce EMEA Partner Conference in Lisbon, Portugal.[11]

History[edit]

The company was founded as EPAm by Belarus natives Arkadiy Dobkin in Princeton, NJ, and Leo Lozner in Minsk, Belarus in 1993[12] and incorporated as EPAM Systems on December 18, 2002.[13] Since then, the company has grown to approximately 9,300 tech employees[14] mostly working in EPAM’s Central and Eastern European locations.[1]

In 2008, EPAM Systems became the first resident of Belarus High Technologies Park, а business environment for IT companies.

On January 24, 2012, EPAM announced the launch of an IPO on the New York Stock Exchange under the ticker EPAM.[15] This is the first IPO that comes from the outsourcing industry in Eastern Europe.[16]

In 2012, EPAM expanded its North American presence by acquiring Empathy Lab, a Conshohocken-based digital strategy and omni-channel UXD company,[17] and Thoughtcorp, an IT consultancy and software engineering firm from Toronto, Canada.[18]

Rankings and Recognition[edit]

EPAM Systems has been mentioned among the fastest growing technology companies in North America and worldwide.[19][20] In 2013, the company was ranked #6 on Forbes’ list of America’s 25 Fastest-Growing Tech Companies[21] and #2 on Forbes’ list of America’s Best Small Companies: 20 Fast-Growing Tech Stars.[22]

The International Association of Outsourcing Professionals (IAOP) regularly includes EPAM Systems in the Global Outsourcing 100 rankings.[23] Between 2006 and 2013, the company raised from #79[24] to #29, its highest position to date.[25]

EPAM Systems was ranked as the leading IT services provider in Eastern Europe in the 2011 Global Services 100 list.[26]

References[edit]

  1. ^ a b "Ex-Soviet Programmers Take On India in $48 Billion Market". Bloomberg. 2013. Retrieved 20 February 2014. 
  2. ^ Paul Clarke (2010). "Should UK techies be worried by all the skilled workers in Eastern Europe?". eFinancialCareers. Retrieved 20 February 2014. 
  3. ^ "Oracle's Partners and Solutions". solutions.oracle.com. Retrieved 20 February 2014. 
  4. ^ "Partner Information Center: Search Results for EPAM". SAP. Retrieved 20 February 2014. 
  5. ^ "Microsoft Pinpoint: EPAM Systems". Microsoft. 2012. Retrieved 20 February 2014. 
  6. ^ "IBM: EPAM Systems LLC". IBM. Retrieved 20 February 2014. 
  7. ^ "MongoDB Partners". MongoDB. Retrieved 20 February 2014. 
  8. ^ "Netbiscuits Solution Partners". Netbiscuits. Retrieved 20 February 2014. 
  9. ^ "Amazon Web Services Partner Network". Amazon Web Services. Retrieved 20 February 2014. 
  10. ^ "Zend Solution Partners". Zend.com. Retrieved 20 February 2014. 
  11. ^ Jeri Kelley (2013). "Oracle Commerce Hosts 5th Annual EMEA Partner Conference, Awarding Top Partners in Business, Innovation and Customer Experience". Oracle. Retrieved 27 February 2014. 
  12. ^ Jack Ewing (2006). "Eastern Europe's Software Solution". Bloomberg Businessweek. Retrieved 20 February 2014. 
  13. ^ "EPAM SYSTEMS, INC. (EPAM) IPO". Nasdaq. Retrieved 20 February 2014. 
  14. ^ "EPAM Systems Reports Results for Fourth Quarter and Full Year 2013". EPAM Systems. 2013. Retrieved 27 February 2014. 
  15. ^ "HTP Resident Company EPAM Systems Commences Initial Public Offering of Common Stock". Hi-Tech Park Belarus. 2012. Retrieved 27 February 2014. 
  16. ^ "First IPO of outsourcing industry in Eastern Europe: EPAM is going public". GoalEurope. 2012. Retrieved 27 February 2014. 
  17. ^ Joseph N. DiStefano (2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". philly.com. Retrieved 27 February 2014. 
  18. ^ "Recent Material Event". HotStocked. 2012. Retrieved 27 February 2014. 
  19. ^ "Technology Fast 500TM 2013 Ranking". Deloitte LLP. 2013. Retrieved 27 February 2014. 
  20. ^ John P. Desmond (2005). "Overall Industry Thriving". Software Magazine. Retrieved 27 February 2014. 
  21. ^ Tomio Geron (2013). "America's Fastest Growing Tech Companies 2013". Forbes. Retrieved 27 February 2014. 
  22. ^ "America’s Best Small Companies: 20 Fast-Growing Tech Stars". Forbes. 2013. Retrieved 27 February 2014. 
  23. ^ "The Global Outsourcing 100® and The World's Best Outsourcing Advisors". International Association of Outsourcing Professionals (IAOP). 2013. Retrieved 27 February 2014. 
  24. ^ "The 2006 Global Outsourcing 100". International Association of Outsourcing Professionals (IAOP). 2006. Retrieved 27 February 2014. 
  25. ^ "The 2013 Global Outsourcing 100". International Association of Outsourcing Professionals (IAOP). 2013. Retrieved 27 February 2014. 
  26. ^ "The 2011 Global Services 100: Defining Leadership in Global IT and Business Process Outsourcing". Global Services. 2011. Retrieved 27 February 2014. 

External links[edit]