Draft:EPAM Systems, Inc.
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This draft has been resubmitted and is currently awaiting re-review. |  |
 | |
| Type | Public |
|---|---|
| NYSE: EPAM | |
| Industry | |
| Founded | 1993 |
| Founders |
|
| Headquarters | , United States |
| Key people |
|
| Revenue | US$5.46 billion (2025)[2] |
Number of employees | 62,850 (2025)[2] |
| Website | epam |
EPAM Systems, Inc. is an American information technology consulting and software engineering company headquartered in Newtown, Pennsylvania. It provides services including technology consulting, cloud and artificial-intelligence transformation, and software engineering.[3]
History
[edit]EPAM was founded in 1993 by Belarusian-born software engineers Arkadiy Dobkin and Leonid (Leo) Lozner. Dobkin operated from New Jersey, while Lozner was based in Minsk, Belarus. The initials originally stood for "Effective Programming for America".[4]
In 2004, EPAM merged with Fathom Technology, a Budapest-based software-services company with approximately 160 employees. The combined business retained the EPAM name.[5]
EPAM completed an initial public offering on the New York Stock Exchange in February 2012.[6] Later that year, it acquired the Toronto software consultancy Thoughtcorp for $17 million and the Conshohocken digital agency Empathy Lab for an undisclosed amount.[7]
In 2018, EPAM acquired the Boston design consultancy Continuum and the British digital agency TH_NK.[8][9]
Fortune included EPAM in its list of the 100 fastest-growing companies in 2019, 2020 and 2021.[10][11][12] In 2023, Forbes ranked the company 104th on its list of America's 200 most cybersecure companies.[13]
In 2024, EPAM acquired the technology consultancy NEORIS and the consulting business of FD Technologies. The FD Technologies transaction was valued at $300.9 million.[14][15]
On 1 September 2025, Balazs Fejes succeeded Dobkin as chief executive. Dobkin became executive chairman.[16]
References
[edit]- 1 2 "EPAM Systems Inc. Company Profile & Executives". The Wall Street Journal. Retrieved 31 August 2026.
- 1 2 "EPAM Systems Inc". The Wall Street Journal. Retrieved 31 August 2026.
- ↑ "Software provider EPAM lifts annual forecasts on AI-driven demand". Reuters. 7 August 2025. Retrieved 31 August 2026.
- ↑ "Belarus cracks the code for IT success". fDi Intelligence. 16 September 2014. Retrieved 31 August 2026.
- ↑ Ferranti, Marc (17 March 2004). "Epam merges to expand offshore services". Network World. Retrieved 31 August 2026.
- ↑ Dai, Shasha (16 February 2012). "Siguler Guff Sells Down Shares In EPAM". The Wall Street Journal. Retrieved 31 August 2026.
- ↑ DiStefano, Joseph N. (20 December 2012). "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab". The Philadelphia Inquirer. Retrieved 31 August 2026.
- ↑ "Swiffer designer Continuum acquired by Pa. company". Boston Business Journal. 15 March 2018. Retrieved 31 August 2026.
- ↑ "EPAM Buys UK Firm, Eyes Growth In Europe". CRN. 1 November 2018. Retrieved 31 August 2026.
- ↑ "100 Fastest-Growing Companies". Fortune. 2019. Retrieved 31 August 2026.
- ↑ "100 Fastest-Growing Companies". Fortune. 2020. Retrieved 31 August 2026.
- ↑ "100 Fastest-Growing Companies". Fortune. 2021. Retrieved 31 August 2026.
- ↑ "America's Most Cybersecure Companies 2023". Forbes. 8 June 2023. Retrieved 31 August 2026.
- ↑ "EPAM Systems Stock Leads S&P 500 Gains Thursday on Strong Earnings, Outlook". Investopedia. 7 November 2024. Retrieved 31 August 2026.
- ↑ "Software provider EPAM lifts annual forecasts as IT spending rises". Reuters. 7 November 2024. Retrieved 31 August 2026.
- ↑ "Software provider EPAM raises annual forecasts, announces CEO change". Reuters. 8 May 2025. Retrieved 31 August 2026.
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