EPAM Systems

EPAM Systems
legal form	Corporation
founding	1993
Seat	Newtown , Pennsylvania , United States
management	Arkadiy Dobkin CEO
Number of employees	36 700+ (2019)
sales	2.29 billion (2019) USD
Branch	Software development , product development , IT consulting services, test automation , digital transformation
Website	www.epam.com

EPAM Systems GmbH
legal form	GmbH
founding	1993
Seat	Frankfurt am Main , Germany
management	Balazs Fejes
Branch	Software development , product development , IT consulting services, test automation , digital transformation
Website	www.epam.de

EPAM Systems, Inc. , also known as EPAM, is a global software engineering and IT consultancy based in Newtown , Pennsylvania , United States . The company operates software development centers and offices in North America , Europe , Asia and Australia . EPAM Systems' Germany office is located in Frankfurt am Main .

history

Early years and IPO

The company was founded in 1993 as EPAM by the two Belarusians Arkadiy Dobkin in Princeton (New Jersey) , USA, and by Leo Lozner in Minsk , Belarus . On December 18, 2002, the two companies were incorporated as EPAM Systems. Since then the company has grown to approximately 30,100 employees.

EPAM originally stood for " E ffective P rogramming For Am erica", nowadays prefers the company to use only the acronym in its marketing and information materials.

On January 24, 2012, EPAM's IPO was announced on the New York Stock Exchange under the ticker "EPAM". This was the first IPO from the tech industry in Eastern Europe .

Acquisitions

Date of acquisition	Companies	service	country	credentials
2019. Nov. 5	NAYA Technologies	Complex cloud migration and data management
2019. Jul. 2	Competence	EdTech
2019	test IO	Testing
2018. Nov. 1	TH_NK	Digital advice
2018. Mar. 15th	Continuum	Global innovation, service design, product development
2016. June 22	Dextrys	Software development , application development
2015. Nov. 16	Alliance Global Services	Software product development , test automation
2015. July 13	NavigationArts	Digital transformation , experience design
2014. Oct. 31	Great Fridays	Product and service design
2014. June 6	GGA software services	Scientific IT services
2014. Apr. 30th	Jointech	Technology services
2014. Mar. 20th	Netsoft USA	Healthcare technology services
2012 Dec. 18	Empathy Lab	Digital transformation and omni-channel UXD
May 23, 2012	Thoughtcorp	IT consulting and software development

Social responsibility

The company works with the United Nations in local and global initiatives to promote sustainability development and social responsibility.

Education funding

EPAM has joined the BctA (Business Call to Action) initiative of the UNDP ( United Nations Development Program ) to bring 5000 students in Central Europe into the IT market by 2020. The company promises to achieve these goals through its university program. Founded in 2004 to meet the growing needs of industry, the program offers specialized IT training for students in Central and Eastern Europe.

environment

EPAM is committed to promoting a sustainable environment in partnership with the United Nations with a focus on local communities.

Web links

• EPAM Systems international website
• German website of EPAM Systems

Individual evidence

1. ↑ The company article in the English language Wikipedia as of June 13, 2018 was used as a template for this article .
2. ↑ ^{a b c} EPAM: EPAM Reports Results for Fourth Quarter and Full Year 2019. Accessed March 31, 2020 . 
3. ^ Jack Ewing: Eastern Europe's Software Solution. Accessed June 28, 2018 . 
4. ↑ EPAM SYSTEMS, INC. (EPAM) IPO. Accessed June 28, 2018 . 
5. ↑ About page. In: EPAM.com. Retrieved May 21, 2019 . 
6. ^ HTP Resident Company EPAM Systems Commences Initial Public Offering of Common Stock. Accessed June 28, 2018 . 
7. ^ First IPO of outsourcing industry in Eastern Europe: EPAM is going public. Accessed June 28, 2018 . 
8. ↑ Acquisition of NAYA Technologies | EPAM. Accessed March 31, 2020 (English). 
9. ↑ EPAM Acquires Competentum, Expanding Education & Learning Offerings | EPAM. Accessed March 31, 2020 (English). 
10. ↑ Evolution & Transformation Since 1993 | EPAM history. Accessed March 31, 2020 (English). 
11. ↑ EPAM Acquires TH_NK to Enhance Digital Consulting Services and Solutions | EPAM. Retrieved May 21, 2019 . 
12. ↑ EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities. GLOBE NEWSWIRE, March 15, 2018, accessed June 28, 2018 . 
13. ^ EPAM, global company with Belarusian roots, buys Dextrys from China. GoalEurope, June 29, 2016, accessed on June 28, 2018 . 
14. ^ EPAM Systems Acquires Again, Scoops Up Alliance Global. CRN, November 16, 2015, accessed June 28, 2018 . 
15. ↑ EPAM Boosts Digital Capabilities with NavigationArts Buy. Zacks Equity Research, July 14, 2015, accessed June 28, 2018 . 
16. ^ EPAM Acquires Great Fridays, Expands Product and Service Design Capabilities. Yahoo Finance, October 31, 2014, accessed June 28, 2018 . 
17. ↑ EPAM Acquires GGA Software Services, Expands Healthcare & Life Sciences Service Offering. MarketWatch, June 6, 2014, accessed June 28, 2018 . 
18. ↑ Deals Bring New Expertise To IT Services Provider Epam. Nasdaq, June 12, 2014, accessed June 28, 2018 . 
19. ^ EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA. Yahoo Finance, March 20, 2014, accessed June 28, 2018 . 
20. ↑ Joseph N. DiStefano: PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab. philly.com, accessed June 28, 2018 . 
21. ↑ HotStocked: Recent Material Event. Accessed June 28, 2018 . 
22. ^ The Guardian: UN whistle-stop campaign promotes inclusive business in Belarus. Accessed June 28, 2018 . 
23. ↑ Innovation in the age of the Sustainable Development Goals. (PDF) UNDP Eurasia, accessed on June 28, 2018 (English). 
24. ↑ Innovation in the age of the Sustainable Development Goals. (PDF) UNDP Eurasia, accessed on June 28, 2018 (English). 
25. ↑ Business Call to Action: Providing skills training to Central and Eastern Europe's unemployed youth. Accessed June 28, 2018 . 
26. ↑ Kristina Dulevich: Beyond the blintz: Belarus hacks the tourist trade. (No longer available online.) In: Voices from Eurasia. August 17, 2015, archived from the original on October 11, 2016 ; accessed on June 28, 2018 (English). Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.