EPAM Systems

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EPAM Systems
Public
Traded as NYSEEPAM
Industry Software engineering, Outsourcing
Founded 1993
Headquarters Newtown, Pennsylvania, United States
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

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
Revenue Increase US$ 914.13 million (FY'15)[1]
Increase US$ 105.97 million (FY'15)[1]
Number of employees
18,354 (Q2, 2016)[1]
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, United States. The company has software development centers and branch offices in North America, Europe, Asia and Australia.

History[edit]

Early years and IPO[edit]

The company was founded as EPAM by Belarus natives Arkadiy Dobkin in Princeton, NJ, and Leo Lozner in Minsk, Belarus in 1993[2] and incorporated as EPAM Systems on December 18, 2002.[3] Since then, the company has grown to approximately 18,354 tech employees.[1]

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]

Acquisitions[edit]

Number Acquisition date Company Business Country References
1 June 22, 2016 Dextrys Software engineering, application development  USA [6]
2 November 16, 2015 Alliance Global Services Software product development, test automation  USA [7]
3 July 13, 2015 NavigationArts Digital strategy, experience design  USA [8]
4 October 31, 2014 Great Fridays Product and service design  UK [9]
5 June 6, 2014 GGA Software Services Scientific informatics services  USA [10]
6 April 30, 2014 Jointech Technology services  HKG [11]
7 March 20, 2014 Netsoft USA Healthcare technology consulting  USA [12]
8 December 18, 2012 Empathy Lab Digital strategy and omni-channel UXD  USA [13]
9 May 23, 2012 Thoughtcorp IT consultancy and software engineering  CAN [14]

Corporate social responsibility[edit]

The company has collaborated with United Nations in local and global initiatives that promote the sustainable development[15] and social responsibility.[16][17]

Education[edit]

EPAM joined the Business Call to Action (BCtA) initiative by United Nations Development Programme (UNDP) with a commitment to prepare 5,000 students in Central Europe to enter the IT sector by 2020. The company pledged to meet these goals through its University Program. Launched in 2004 to meet increased industry demand, the program provides specialized IT training for university students in Central and Eastern Europe.[18]

To diversify the IT talent pool and attract girls to technology, the company launched the e-Kids program, a 10-week coding curriculum across three levels focused around the Scratch programming language.[19][20]

Environment[edit]

EPAM is committed to sustainable environment through a collaboration with United Nations in local communities.[21]

Recent awards and honours[edit]

Awards[edit]

Year Name References
2016 Red Dot Award, Communication Design [22]
2016 Red Dot Award, Product Design [23]
2015 Acquia Partner Site of the Year Award, Brand Experience [24]
2015 Bronze CDN Channel Elite Award, Best Mobile Solution [25]
2015 Grand Prize at Bio-IT World Best Practices Competition [26]
2014 The European Software Testing Awards, Best Agile Project [27]
2014 Most Transformative Branch Experience Award, Citi Mobile Challenge [28]
2014 Liberty Global Technology Awards, Best Product & Service Quality [29]
2013 Silver International Davey Award [30]
2013 Winner of Duke’s Choice Award at JavaOne Russia [31]
2013 European Outsourcing Association Awards and Best Practice Showcase, IT Outsourcing Project of the Year [32]
2013 Oracle Commerce Top Business Impact Award, EMEA [33]
2013 One of the Top 100 Workplaces [34]
2013 Best Cloud System Integrator 2012, Best Mobile Solution 2012 [35]
2012 Bronze Stevie Winner, Company of the Year [36]

Recognitions[edit]

Year Name References
2016 #24 on the IDC Financial Insights FinTech Rankings Top 25 Enterprise [37]
2016 #6 in the Top 100 Digital Agencies in the UK [38]
2016 #8 on Forbes’ List of 25 Fastest Growing Public Tech Companies [39]
2016 #84 on Healthcare Informatics 100 List [40]
2016 Leader in 2016 Global Outsourcing 100® List by IAOP® [41]
2015 Best Software Development Company by European CEO Magazine [42]
2015 Top Information Technology Services Company on FORTUNE’S 100 Fastest Growing Companies [43]
2015 #26 on CDN List of Top 100 IT Solution Providers [44]
2015 #40 in CRN’s Solution Provider 500 List [45]
2015 #66 on CRN’s Fast Growth 150 Ranking List [46]
2015 #98 on Healthcare Informatics 100 List [47]
2015 #484 on Deloitte’s Technology Fast 500™ List [48]
2014 #3 on Forbes’ List of America’s Best Small Companies [49]
2014 #131 on Software Magazine’s Software 500 Ranking List [50]
2014 #50 in CRN’s Solution Provider 500 List [51]
2014 One of CIO Review’s 20 Most Promising Solution Providers in Travel & Hospitality [52]
2014 #31 on CDN List of Top 100 IT Solution Providers [44]
2014 #318 on Deloitte’s Technology Fast 500™ List [53]
2013 #2 on Forbes’ List of America’s Best Small Companies: 20 Fast-Growing Tech Stars [54]
2013 #59 in CRN’s Solution Provider 500 List [55]
2013 #6 on Forbes' List of America's 25 Fastest-Growing Tech Companies [56]
2013 #29 in the 2013 Global Outsourcing 100® List by IAOP® [57]

References[edit]

  1. ^ a b c d "EPAM Profile". Yahoo Finance. Retrieved 7 September 2016. 
  2. ^ Jack Ewing (2006). "Eastern Europe's Software Solution". Bloomberg Businessweek. Retrieved 20 February 2014. 
  3. ^ "EPAM SYSTEMS, INC. (EPAM) IPO". Nasdaq. Retrieved 20 February 2014. 
  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. ^ "EPAM, global company with Belarusian roots, buys Dextrys from China". GoalEurope. 29 June 2016. Retrieved 7 September 2016. 
  7. ^ Saia, Rick (November 16, 2015). "EPAM Systems Acquires Again, Scoops Up Alliance Global". CRN. Retrieved 24 November 2015. 
  8. ^ "EPAM Boosts Digital Capabilities with NavigationArts Buy". Zacks Equity Research. July 14, 2015. Retrieved 24 November 2015. 
  9. ^ "EPAM Acquires Great Fridays, Expands Product and Service Design Capabilities". Yahoo Finance. October 31, 2014. Retrieved 24 November 2015. 
  10. ^ "EPAM Acquires GGA Software Services, Expands Healthcare & Life Sciences Service Offering". MarketWatch. June 6, 2014. Retrieved 24 November 2015. 
  11. ^ "Deals Bring New Expertise To IT Services Provider Epam". Nasdaq. June 12, 2014. Retrieved 24 November 2015. 
  12. ^ "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA". Yahoo Finance. March 20, 2014. Retrieved 24 November 2015. 
  13. ^ Joseph N. DiStefano (2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". philly.com. Retrieved 27 February 2014. 
  14. ^ "Recent Material Event". HotStocked. 2012. Retrieved 27 February 2014. 
  15. ^ "UN whistle-stop campaign promotes inclusive business in Belarus". the Guardian. Retrieved 7 September 2016. 
  16. ^ "Innovation in the age of the Sustainable Development Goals" (PDF). UNDP Eurasia. Retrieved 7 September 2016. 
  17. ^ "Innovation in the age of the Sustainable Development Goals" (PDF). UNDP Eurasia. Retrieved 7 September 2016. 
  18. ^ "Providing skills training to Central and Eastern Europe's unemployed youth". Business Call to Action. Retrieved 7 September 2016. 
  19. ^ "EPAM E-kids program: affordable IT education for kids". Lviv IT Cluster. Retrieved 7 September 2016. 
  20. ^ "Engaging a Future Generation of Coders". Medium. Scratch Foundation. Retrieved 7 September 2016. 
  21. ^ Kristina Dulevich (17 August 2015). "Beyond the blintz: Belarus hacks the tourist trade". Voices from Eurasia. Retrieved 7 September 2016. 
  22. ^ "EPAM Wins Second 2016 Red Dot Award for Mission's Aero Wireless Speaker" (Press release). Newtown, PA: EPAM Systems. August 15, 2016. Retrieved 7 September 2016. 
  23. ^ "Red Dot Award: Product Design". Red Dot. Retrieved 7 September 2016. 
  24. ^ "Acquia Announces Winners of 2015 Partner Site of the Year Awards" (Press release). BOSTON: Acquia. November 12, 2015. Retrieved 7 September 2016. 
  25. ^ "2015 CDN Channel Elite Awards Winners". Computer Dealer News. Retrieved 7 September 2016. 
  26. ^ "EPAM Life Sciences Awarded Grand Prize at Bio-IT World Best Practices Competition 2015" (Press release). Newtown, PA: EPAM Systems. May 27, 2015. Retrieved 7 September 2016. 
  27. ^ "Winners 2014 - The European Software Testing Awards". The European Software Testing Awards. Retrieved 7 September 2016. 
  28. ^ "Citi Announces Top Innovations from Global Financial Technology Challenge" (Press release). New York: Citigroup. December 2, 2014. Retrieved 7 September 2016. 
  29. ^ "Liberty Global announces 2014 Vendor Awards at its annual Technology Summit" (PDF) (Press release). Denver, Colorado: Liberty Global. September 24, 2014. Retrieved 7 September 2016. 
  30. ^ "EPAM Empathy Lab Earns Silver at International Davey Awards for USANetwork.com" (Press release). Newtown, PA: EPAM Systems. December 3, 2013. Retrieved 7 September 2016. 
  31. ^ "EPAM Systems Wins Duke's Choice Award at JavaOne Russia 2013" (Press release). Newtown, PA: EPAM Systems. June 11, 2013. Retrieved 7 September 2016. 
  32. ^ "European Outsourcing Association Awards Winners". sourcingfocus.com. April 26, 2013. Retrieved 7 September 2016. 
  33. ^ Kelley, Jeri (April 16, 2013). "Oracle Commerce Hosts 5th Annual EMEA Partner Conference, Awarding Top Partners in Business, Innovation and Customer Experience". Oracle Customer Experience Blog. Retrieved 7 September 2016. 
  34. ^ "EPAM Empathy Lab Selected as One of the Top 100 Workplaces for 2013" (Press release). Newtown, PA: EPAM Systems. March 19, 2013. Retrieved 7 September 2016. 
  35. ^ "EPAM Recognized by Cloudcor® in Best Cloud System Integrator 2012 and Best Mobile Solution 2012 categories" (Press release). Newtown, PA: EPAM Systems. January 31, 2013. Retrieved 7 September 2016. 
  36. ^ "Company/Organization Awards Stevie Winners". Stevie Awards. Retrieved 7 September 2016. 
  37. ^ "IDC Financial Insights FinTech Rankings Top 25 Enterprise" (PDF). IDC. Retrieved 13 September 2016. 
  38. ^ "Top 100 Digital Agencies Report 2016". Econsultancy. Retrieved 7 September 2016. 
  39. ^ "EPAM Systems - In Photos: The Forbes Fast Tech 25". Forbes. Retrieved 7 September 2016. 
  40. ^ "Healthcare Informatics 100". Healthcare Informatics. Vendome Group. Retrieved 7 September 2016. 
  41. ^ "The 2016 Global Outsourcing 100". IAOP. Retrieved 7 September 2016. 
  42. ^ "EPAM Named Best Software Development Company by European CEO Magazine" (Press release). Newtown, PA: EPAM Systems. December 23, 2015. Retrieved 7 September 2016. 
  43. ^ "EPAM Debuts as Top Information Technology Services Company on Fortune's 100 Fastest Growing Companies of 2015" (Press release). Newtown, PA: EPAM Systems. September 8, 2015. Retrieved 7 September 2016. 
  44. ^ a b "Top 100 Solution Providers". Computer Dealer News. Retrieved 7 September 2016. 
  45. ^ "2015 Solution Provider 500: The Top 50". CRN. June 9, 2015. Retrieved 7 September 2016. 
  46. ^ "CRN Fast Growth 150" (PDF). CRN. Retrieved 7 September 2016. 
  47. ^ "Healthcare Informatics 100". Healthcare Informatics. Vendome Group. Retrieved 7 September 2016. 
  48. ^ "Deloitte's 2015 Technology Fast 500™ Ranking" (PDF). Deloitte LLP. Retrieved 7 September 2016. 
  49. ^ Badenhausen, Kurt (October 15, 2014). "America's Best Small Companies 2014". Forbes. Retrieved 24 November 2015. 
  50. ^ "EPAM Named to Software Magazine's 32nd Annual Software 500" (Press release). Newtown, PA: EPAM Systems. September 10, 2014. Retrieved 7 September 2016. 
  51. ^ "2014 Solution Provider 500". CRN. Retrieved 7 September 2016. 
  52. ^ "Travel & Hospitality Technology Special". CIO Review. June 16, 2014. p. 33. Retrieved 7 September 2016. 
  53. ^ "Deloitte's 2014 Technology Fast 500™ Ranking" (PDF). Deloitte LLP. Retrieved 7 September 2016. 
  54. ^ "America's Best Small Companies: 20 Fast-Growing Tech Stars". Forbes. Retrieved 7 September 2016. 
  55. ^ "EPAM Systems Named to CRN's Solution Provider 500 List" (Press release). Newtown, PA: EPAM Systems. July 31, 2013. Retrieved 7 September 2016. 
  56. ^ Tomio Geron (June 5, 2013). "America's Fastest Growing Tech Companies 2013". Forbes. Retrieved 7 September 2016. 
  57. ^ "The 2013 Global Outsourcing 100". IAOP. Retrieved 7 September 2016. 

External links[edit]