| EPAM Systems, Inc. | |
| Type: | Public |
| Area Served: | Globally |
| Key People: | Arkadiy Dobkin |
| Industry: | Software engineering |
| Operating Income: | (2023) |
| Net Income: | (2023) |
| Num Employees: | 65,149 (2024) |
| Hq Location City: | Newtown, Pennsylvania |
| Hq Location Country: | U.S. |
| Footnotes: | [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.
In 1993, Arkadiy Dobkin and Leo Lozner founded EPAM, a global software engineering services company, in New Jersey, USA and Minsk, Belarus.[2]
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]
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 S/4HANA 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]
During the 2022 Russian invasion of Ukraine, tensions between the firm's 14,000 Ukrainian employees and the 18,000 Belarusian and Russian staff sparked dissension when the CEO Arkadiy Dobkin refrained from publicly condemning Russia in a statement on LinkedIn and rejected calls to assist the Ukrainian military.[27] According to Forbes, Dobkin defended his statement, which didn't mention Putin, Russia or his native Belarus, saying the company could not use its infrastructure for cyberattacks and had to protect EPAM employees in Russia and Belarus from political reprisals that are common in those countries. The company paid Ukrainian staff a $1,000 emergency grant and supported Ukrainian relief efforts, including the installation of the Starlink satellite systems in Ukraine.[28] Also, the company launched the EPAM Ukraine Assistance Fund to help Ukrainians and made a US$100 million humanitarian aid commitment.[29] In April 2022, EPAM decided to stop operating in Russia while continuing working in Belarus.[30] [31] [32]
| Fathom Technology | Hungary | March 2004 | Software Engineering | |
| VDI | 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 | US | December 2012 | Digital Strategy & Omnichannel Experience Design | |
| Thoughtcorp | 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 | US, Italy, China | March 2018 | Digital Strategy, Experience Design & Innovation Studios | |
| TH_NK | 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 | |
| Odysseus Data Services[59] | US, DE, CZ, LT | June 2024 | Health Data Analytics, RWE Software Engineering, OHDSI | |
| Neoris[60] | LATAM, EMEA | September 2024 | IT services, IT consulting | |
| First Derivative[61] | Northern Ireland | October 2024 | Financial Services & Consultancy |