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EPAM Systems

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American technology company
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EPAM Systems, Inc.
Company typePublic
IndustrySoftware engineering
Founded1993; 32 years ago (1993)
Headquarters,
U.S.
Area served
Globally
Key people
  • Arkadiy Dobkin – Principal Founder (1993–present)
    CEO & President (1993–2025)
    Executive Chairman (Sep 2025–present)
  • Balazs Fejes – CEO & President (Sep 2025–present)
Services
  • Software product development
  • digital platform engineering
  • application development
  • enterprise application platforms
  • application testing
  • application maintenance and support
  • ASM and infrastructure services
RevenueIncrease US$4.73 billion (2024)
Increase US545ドル million (2024)
Increase US455ドル million (2024)
Total assets Increase US4ドル.75 billion (2024)
Total equity Increase US3ドル.63 billion (2024)
Number of employees
62,050+ (Q2 2025)
Websiteepam.com
Footnotes / references
[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.

History

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Early years

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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]

Timeline

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In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America.[5]

In 2006, EPAM secured an equity investment from Siguler Guff to fund its competitive growth plans.[6]

In late 2012, EPAM made two acquisitions, Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile,[7] and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce.[8]

EPAM made two acquisitions in 2018 to expand its service offerings: Continuum (now EPAM Continuum) [9] and TH_NK[10] 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.[11]

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.[12]

In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA).[13] 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.[14]

In August 2021, EPAM expanded its presence in Latin America through the acquisition of Colombia-based S4N,[15] a software development services firm specializing in the design and development of modern software products and enterprise platforms.[16]

In July 2021, EPAM acquired CORE SE,[17] 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,[18] 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.[19]

In April 2021, EPAM acquired PolSource,[20] 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.[21]

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.[22]

Effective September 1, 2025, Balazs Fejes was named Chief Executive Officer and President, and joined EPAM's Board of Directors. The company's Board also appointed Arkadiy Dobkin as Executive Chairman. He will continue in his role as Chair of the Board.[23]

Russian invasion of Ukraine

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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.[24] 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ドル emergency grant and supported Ukrainian relief efforts, including the installation of the Starlink satellite systems in Ukraine.[25] Also, the company launched the EPAM Ukraine Assistance Fund to help Ukrainians and made a US100ドル million humanitarian aid commitment.[26] In April 2022, EPAM decided to stop operating in Russia while continuing working in Belarus.[27] [28] [29]

Awards

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  • EPAM was named as one of Fortune’s 100 Fastest-Growing Companies in 2019,[30] 2020[31] and 2021.[32]
  • In May 2021, EPAM ranked 1,804 on the Forbes Global 2000 list.[33]
  • In 2019, KMWorld Magazine named EPAM in the list of 100 significant companies in the field of knowledge management.[34]

References

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  1. ^ "2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 28, 2025.
  2. ^ "Know The Success Story of EPAM Systems and its Journey". Your Tech Story. 2019年11月06日. Retrieved 2019年11月28日.
  3. ^ "EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte & Touche Technology Fast 500". www.epam.com. Archived from the original on 2021年11月10日. Retrieved 2019年11月28日.
  4. ^ "EPAM Systems, Inc. successfully listed on the New York Stock Exchange" (PDF). sigulerguff.com. Archived from the original (PDF) on 2021年09月29日. Retrieved 2019年11月28日.
  5. ^ Ferranti, Marc (2004年03月17日). "Epam merges to expand offshore services". Network World. Retrieved 2019年11月28日.
  6. ^ Dai, Shasha (2012年02月16日). "Siguler Guff Sells Down Shares In EPAM". The Wall Street Journal . Archived from the original on 2022年06月14日.
  7. ^ "EPAM Systems to Acquire Thoughtcorp, Expand North American Footprint, Gain Entrance into Telecommunication Industry and Expand Agile, Business Intelligence, and Mobile Competencies" (Press release). SEC . Retrieved 2019年11月28日.
  8. ^ N. DiStefano, Joseph (20 December 2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". inquirer.com. Retrieved 2019年11月28日.
  9. ^ EPAM (2018年03月15日). "EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities". GlobeNewswire News Room (Press release). Retrieved 2019年11月28日.
  10. ^ "Global software firm buys digital agency TH_NK". BusinessCloud.co.uk. 2 November 2018. Retrieved 2019年11月28日.
  11. ^ "EPAM Launches InfoNgen 7.0 to Improve Actionable Insights". KMWorld. 2018年05月08日. Retrieved 2019年11月28日.
  12. ^ Poptamas, Vlad (2019年02月12日). "EPAM Wins 2019 Big Innovation Award For TelescopeAITM, An AI-Enabled Platform To Help Businesses Manage The ir IT Operations". PICANTE Today - Hot News Today. Retrieved 2019年11月28日.
  13. ^ "EPAM Joins Blockchain in Transport Alliance, Largest Association in the World | EPAM". www.epam.com. Archived from the original on 2022年06月28日. Retrieved 2019年11月28日.
  14. ^ Fejes, Balazs. "Why Open Source Software is Critical to the Future of Financial Services". www.epam.com. Archived from the original on 2020年10月01日. Retrieved 2019年11月28日.
  15. ^ "EPAM Adds Engineering Scale with Colombia Acquisition". Nearshore Americas. 12 August 2021.
  16. ^ "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence". news.yahoo.com. 27 July 2021. Retrieved 2023年01月05日.
  17. ^ "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence". Yahoo. 27 July 2021.
  18. ^ "EPAM Snaps Up Just-BI; Street Says Buy". Nasdaq.
  19. ^ "Israel Cybersecurity Co White-Hat Bought Out By EPAM For 50ドル Million". Jewish Business News. 5 May 2021.
  20. ^ "EPAM Expands Salesforce Capabilities with Acquisition of PolSource". EPAM. Archived from the original on 2022年01月28日. Retrieved 2022年01月28日.
  21. ^ "EPAM Systems Set to Join S&P 500". Cision.
  22. ^ "Emerald to acquire Innospec Widnes to expand its footprint in global fragrance industry" . Focus on Surfactants. 2015 (8): 5. 2022年08月10日. doi:10.1016/j.fos.2015年08月01日3.
  23. ^ "EPAM Systems (EPAM) Announces Leadership Transition and Bylaws A". www.gurufocus.com. Retrieved 2025年10月14日.
  24. ^ Gallagher, Ryan (2 March 2022). "Ukraine Stance by U.S. Tech Firm Epam Sparks Internal Dissension". Bloomberg. Retrieved 2022年03月27日.
  25. ^ Martin, Iain (3 March 2022). "Ukraine War Divides Employees At American Tech Company That Straddles The Front Lines". Forbes.com. Retrieved 2022年03月27日.
  26. ^ Сапитон, Михаил (April 8, 2022). "EPAM полностью уходит из России и запускает фонд помощи украинцам – письмо основателя компании". Forbes.ua (in Russian). Retrieved April 26, 2022.
  27. ^ "EPAM Systems Begins Process of Exiting Operations in Russia". MarketWatch. Archived from the original on 2022年04月11日. Retrieved 2022年04月11日.
  28. ^ "Із Росії йде EPAM — найбільший розробник софту". ФОКУС (in Ukrainian). 2022年04月08日. Retrieved 2022年04月11日.
  29. ^ Joseph F. Kovar (2022年04月08日). "EPAM Systems Starts Exiting Russian Operations After Ukraine Invasion". CRN.com. Retrieved 2022年05月27日.
  30. ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2019年11月28日.
  31. ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2020年11月11日.
  32. ^ "100 Fastest-Growing Companies". Fortune. Retrieved 2022年01月26日.
  33. ^ "EPAM Systems (EPAM)". Forbes. Retrieved 2022年01月26日.
  34. ^ "KMWorld 100 Companies That Matter in Knowledge Management 2019". www.kmworld.com. 11 March 2019. Retrieved 2020年12月09日.
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