EPAM Systems

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

Arkadiy Dobkin, CEO & President
Anthony J. Conte, SVP & Chief Financial Officer
Balazs Fejes, SVP & Co-Head Global Business
Alan Harlan, SVP Business Transformation, Head of CEO Office
Elaina Shekhter, Chief Marketing Officer
Victor Dvorkin, Co-Head Global Delivery
Sergey Yezhkov, Co-Head Global Delivery
Jason Harman, Co-Head Global Business Development
Robert Corace, Co-Head Global Business Development

Ginger Mosier, SVP, General Counsel & Corporate Secretary
Services Software Product Development, Application Development, Enterprise Application Platforms, Application Testing, Application Maintenance and Support, ASM and Infrastructure Services
Number of employees
14,109 (Q3, 2015)
Slogan Excellence in Software Engineering
Website www.epam.com

EPAM Systems, Inc. (NYSEEPAM), also known as EPAM, is a global provider of software engineering and IT consulting services headquartered in Newtown, PA, USA. The company has software development centers and branch offices in North America, Europe, Asia and Australia.

History[edit]

The company was founded as EPAm by Belarus natives Arkadiy Dobkin in Princeton, NJ, and Leo Lozner in Minsk, Belarus in 1993[1] and incorporated as EPAM Systems on December 18, 2002.[2] Since then, the company has grown to approximately 14,109 tech employees.[3]

On January 24, 2012, EPAM announced the launch of an IPO on the New York Stock Exchange under the ticker EPAM.[4] This is the first IPO that comes from the outsourcing industry in Eastern Europe.[5]

In 2012, EPAM acquired Empathy Lab, a Conshohocken-based digital strategy and omni-channel UXD company,[6] and Thoughtcorp, an IT consultancy and software engineering firm from Toronto, Canada.[7]

In 2014, EPAM acquired Netsoft USA, a New York-based healthcare technology consulting firm,[8] Jointech, a Hong Kong-based strategic technology services provider,[9] Great Fridays, a Manchester, UK-based product and service design group,[10] and GGA Software Services, a US-based provider of scientific informatics services.[11]

In 2015, EPAM acquired NavigationArts, a DC-based digital strategy and experience design firm[12] and Alliance Global Services, a Conshohocken-based software product development services and test automation solutions firm.[13]

Rankings and Recognition[edit]

EPAM Systems has been mentioned among the fastest growing technology companies in North America and worldwide.[14][15]

In 2013, EPAM Systems was ranked #6 on Forbes’ list of America’s 25 Fastest-Growing Tech Companies[16] and #2 on Forbes’ list of America’s Best Small Companies: 20 Fast-Growing Tech Stars.[17]

In 2014, the company was ranked #3 on Forbes’ list of America’s Best Small Companies[18] and was included in the Deloitte’s 2014 Technology Fast 500™ ranking, a list of the fastest growing companies in North America.[19]

References[edit]

  1. ^ Jack Ewing (2006). "Eastern Europe's Software Solution". Bloomberg Businessweek. Retrieved 20 February 2014. 
  2. ^ "EPAM SYSTEMS, INC. (EPAM) IPO". Nasdaq. Retrieved 20 February 2014. 
  3. ^ "EPAM Profile". Yahoo Finance. 2014. Retrieved 28 October 2015. 
  4. ^ "HTP Resident Company EPAM Systems Commences Initial Public Offering of Common Stock". Hi-Tech Park Belarus. 2012. Retrieved 27 February 2014. 
  5. ^ "First IPO of outsourcing industry in Eastern Europe: EPAM is going public". GoalEurope. 2012. Retrieved 27 February 2014. 
  6. ^ Joseph N. DiStefano (2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". philly.com. Retrieved 27 February 2014. 
  7. ^ "Recent Material Event". HotStocked. 2012. Retrieved 27 February 2014. 
  8. ^ "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA". Yahoo Finance. March 20, 2014. Retrieved 24 November 2015. 
  9. ^ "Deals Bring New Expertise To IT Services Provider Epam". Nasdaq. June 12, 2014. Retrieved 24 November 2015. 
  10. ^ "EPAM Acquires Great Fridays, Expands Product and Service Design Capabilities". Yahoo Finance. October 31, 2014. Retrieved 24 November 2015. 
  11. ^ "EPAM Acquires GGA Software Services, Expands Healthcare & Life Sciences Service Offering". MarketWatch. June 6, 2014. Retrieved 24 November 2015. 
  12. ^ "EPAM Boosts Digital Capabilities with NavigationArts Buy". Zacks Equity Research. July 14, 2015. Retrieved 24 November 2015. 
  13. ^ Saia, Rick (November 16, 2015). "EPAM Systems Acquires Again, Scoops Up Alliance Global". CRN. Retrieved 24 November 2015. 
  14. ^ DeCarlo, Scott; Elam, Douglas; Farrell, Orlaith; Giang, Vivian; Smyth, Kathleen (2015). "Fastest-Growing Companies". Fortune. Retrieved 24 November 2015. 
  15. ^ "Technology Fast 500TM 2015 Ranking" (PDF). Deloitte LLP. 2015. Retrieved 24 November 2015. 
  16. ^ Tomio Geron (2013). "America's Fastest Growing Tech Companies 2013". Forbes. Retrieved 27 February 2014. 
  17. ^ "America’s Best Small Companies: 20 Fast-Growing Tech Stars". Forbes. 2013. Retrieved 27 February 2014. 
  18. ^ Badenhausen, Kurt (October 15, 2014). "America's Best Small Companies 2014". Forbes. Retrieved 24 November 2015. 
  19. ^ "Technology Fast 500TM 2014 Ranking" (PDF). Deloitte LLP. 2014. Retrieved 24 November 2015. 

External links[edit]