EPAM Systems

#1195

Rank

$14.01B

MarketCap US

US United States

Country

Summary

EPAM leverages its core engineering expertise as a leading global product development and digital platform engineering services company.EPAM Systems has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to delivernext-gen solutions that turn complex business challenges into real business outcomes. EPAM's global teams serve customers in more than 35 countries across North America, Europe, Asia, and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune's 100 Fastest-Growing Companies list in 2019 and 2020.


History

1993: 1993 EPAM opens for business in Princeton, NJ, with three employees Since 1993, we’ve relied on our Engineering DNA to underpin our work with clients, leading to major innovations, digital transformations and business results. More than 20 years later, in 1993, they started EPAM, a global software engineering services company. EPAM was founded by Belarusians Arkadiy Dobkin in New Jersey, and Leo Lozner in Minsk on a partnership basis way back in 1993.

1995: EPAM's first major success came in 1995 when it started to work on sales force automation system development for Colgate.

1996: The project was noticed by SAP AG and EPAM was contracted for development of a system prototype to be presented at the annual SAP conference in 1996.

1997: 1997 EPAM lands first major software product development client: SAP AG

1998: As his clientele were mainly companies from the US and from Europe the financial collapse of Russia in 1998 did not affect EPAM. Slowly, yet surely, the company started to grow.

2000: EPAM became a member of the S&P 500 and a Forbes Global 2000 company, and for the third consecutive year, EPAM ranked the Top IT services company on Fortune’s 100 Fastest-Growing Companies list. By the time he was 31, he had emigrated without even knowing how to speak English with just $2000 in his account.

2002: In 2002, EPAM was ranked publicly for the first time as a fast-growing company by Deloitte & Touche.

2003: 2003 EPAM completes its first decade having built a foundation of delivering Software Products and Solutions for more than 200 software companies Joined the EPAM Family: LintecProject (2003)

2004: Since its launch in 2004, the University Program has helped meet the rising industry demand for skilled IT professionals by providing specialized training to students from Eastern and Central Europe. By 2004, the company was generating over $30.1 million in revenues, growing consistently at 1,840.8 %! The number of employees was also doubling, with the company having only 1,001 employees at that time, to its 1400 in each centre now. In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America.

2006: 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.

2008: In 2008, EPAM Systems became the first resident of Belarus High Technologies Park, ? business environment for IT companies with the aim to develop modern technologies and expand their exports.

2010: In 2010 in pursuit to strengthen it Business Information service offering EPAM acquired Instant Information, a leading provider of cloud based information management and discovery services.

2012: In May of 2012, EPAM Systems bought Canadian-based IT consulting and software development company, Thoughtcorp. 2012 Company of the Year from Stevie Winner (Bronze) On Feb 7, 2012, EPAM Systems launched an IPO under the stock symbol “EPAM.” In 2012, EPAM was listed on New York Stock Exchange under moniker EPAM, becoming the first company from Belarus on NYSE. In late 2012, EPAM made two acquisitions – Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile, and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce.

2013: 2013 EPAM establishes its Digital Engagement practice and accelerates services to help clients in CX, design and eCommerce

2014: In March of 2014, EPAM Systems acquired the US-based healthcare technology consultancy, Netsoft USA. In April, EPAM Systems also went on to acquire Hong Kong-based Jointech, a tech services company.

2015: In July of 2015, EPAM Systems also bought US-based NavigationArts, a digital strategy consultancy as well as the American software product developer and automation tester company, Alliance Global Services, in November of the same year.

2016: In June of 2016, EPAM Systems also bought Dextrys, the US-based software engineering and app development company. 2016 EPAM is named by Forbes as Top 25 Fastest Growing Public Tech Companies

2018: In 2018, the company launched a search engine called InfoNgen 7.0, which was extremely intuitive and customizable. EPAM made two acquisitions in 2018 to expand its service offerings: Continuum (now EPAM Continuum) and TH_NK to add consulting capabilities and develop its digital and service design practices.

2019: 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. In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA). That year, the company launched EPAM Continuum, its service for business, experience and technology consulting.

2020: 2020 EPAM is ranked as the Top IT services company on Fortune’s 100 Fastest-Growing Companies list for the 2nd year in a row

2021: In May 2021, EPAM acquired Just-BI, a Netherlands-based consultancy specializing in SAP/S4HANA and enterprise data and analytics program management. In December 2021, EPAM joined the S&P 500.

2022: EPAM was ranked among the top 15 information technology services companies on the @FortuneMag 1000 list for the 4th year in a row! Based on total fiscal year, EPAM made a significant leap in the 2022 list. #Fortune1000 #ITServices #Fortune


Mission

EPAM transforms and improves the way our customers do business. At EPAM, we use our creative minds and talents to invent, develop and deliver technologically advanced, intelligent solutions. How we get there is just as important as what we achieve.


Key Team

Eugene O. Roman (Board Member)

Andrea Keri (Chief Accountant)

Helen L. Shan (Board Member)

Artur Biesiadowski (Chief Software Engineer)

Jill B. Smart (Board Member)

Arun Kathare (Chief Software Engineer)

Karl Robb (Board Member)

Balazs Fejes (EVP/Co-Head of Global Business)

Mike Mayoras (Board Member)

Boris Shnayder (Co-Head of Global Business, SVP)

Richard Michael Mayoras (Board Member)

Chris Waller (Vice President and Chief Scientist)

Robert E. Segert (Board Member)

David Straube (Head-Investor Relations)

Ronald P. Vargo (Board Member)

Arkadiy Dobkin (President and Chief Executive Officer)

Leo Lozner (Founder)

Arkadiy Dobkin (President and Chief Executive Officer)


References
EPAM Systems
Leadership team

Leo Lozner (Founder)

Alexander Kogan (Senior Solution Architect, CTO Office)

Number of Employees
Above 50,000
Headquarters
Newtown, Pennsylvania, United States
Established
1993
Company Registration
SEC CIK number: 0001352010
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
EPAM
Social Media
Fri Mar 01 2024
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