EPAM Systems, Inc. Market Research Report

Company Overview

Name: EPAM Systems, Inc.

Mission of the Company: EPAM aims to drive digital transformation and innovation by leveraging its engineering expertise and solutions to provide real business value through human-centric innovation.

Founded: 1993

Founders: No specific founder mentioned.

Key People in the Company:

• Arkadiy Dobkin - Chairman of the Board, CEO & President

• Jason Peterson - Chief Financial Officer, SVP & Treasurer

• Balazs Fejes - President of Global Business & Chief Revenue Officer

• Elaina Shekhter‎ - Chief Marketing & Strategy Officer, SVP

• Larry Solomon - Chief People Officer, SVP

• Victor Dvorkin - Head of Global Engineering, Cloud & Platforms, SVP

• Boris Shnayder - Co-Head of Global Business, SVP

• Sergey Yezhkov - Co-Head Global Business, SVP

• Yuriy Goliyad - Head of Global Operations, SVP

• Frank Burkitt - Global Head of Business & Strategy Consulting, SVP

• Sam Rehman - Chief Information Security Officer, SVP

• Ed Rockwell - General Counsel & Secretary, SVP

• Philip Storm - Chief Compliance Officer, SVP

Headquarters: Newtown, PA, USA

Number of Employees: 53,250+ (as of Q3 2024)

Revenue: Specific revenue figures were not provided.

What is the company known for: EPAM is known for leading digital transformation services and product engineering, leveraging its software engineering expertise across diverse industries and being recognized for its rapid growth, innovation, and ability to produce scalable digital solutions.

Products

Core Offerings

• Strategy & Advisory

• Engineering: Platform & product development, DevOps, Agile transformation, IoT, and Open Source.

• Cloud: Cloud strategy, modernization, cloud-native application development.

• Cybersecurity

• Data & Analytics: Data AI strategy, governance, and intelligence.

• Customer Experience (CX+)

• Artificial Intelligence: Generative AI, AI security, AI-accelerated engineering.

EPAM AI/Run™

• High-Level Description: Revolutionizes the delivery of digital products by implementing AI-driven solutions for accelerated innovation.

• Key Features: AI orchestration, seamless digital transformation services, integration of AI into business processes.

EPAM DIAL

• High-Level Description: A platform that enhances experimentation and innovation across leveraged AI solutions.

• Key Features: Supports public and proprietary LLMs, facilitates AI-native applications and custom add-ons.

Recent Developments

New Products and Features

• StatGPT 2.0: Launched in collaboration with the IMF to enhance data-driven decision-making capabilities utilizing AI.

• Cloud Partnerships: With AWS, enhancing EPAM’s cloud-native development strategies and solutions across key industries.

New Partnerships

• AWS Partnership: Strengthened with a Strategic Collaboration Agreement to drive cloud-native architecture adoption.

• Google Cloud Partnership: Recognized as the 2024 Google Cloud Talent Development Partner of the Year Award in North America.

Acquisitions

• Acquisition of NEORIS: Completed on October 31, 2024, expanding EPAM's Latin American presence.

Achievements and Recognitions

• Awards: EPAM has been included in the Magic Quadrant™ for Custom Software Development Services by Gartner for its complete technological vision and execution.

• Leader in Gartner Magic Quadrant™: Recognized for software development services, advanced use of Generative AI, and custom product modernization.

Financial Performance

• Recent Financial Reports: Delivered strong results for the third quarter of 2024, having raised the full-year outlook.

Market Recognitions

• Top Recognitions:

• Featured in Newsweek's Most Loved Workplaces.

• Included in Glassdoor's Top 100 Best Workplace and Employees' Choice Awards.

• Ranked among Fortune's 100 Fastest-Growing Companies.

• Recognized by Consulting Magazine in the Top 20 Fastest Growing Firms.

This report consolidates major insights about EPAM Systems, capturing its essential business dimensions, leadership, their product spectrum, recent innovations, and notable partnerships that define their market strategy and standing.