EPAM Systems Company Overview
What is the Stock Ticker for EPAM Systems?
The stock ticker for EPAM Systems is EPAM.
Where is the EPAM Systems headquarters?
The headquarters of EPAM Systems is located in Newtown, Pennsylvania, United States.
What Does EPAM Systems Do?
EPAM Systems is a global provider of software engineering and IT consulting services. They help businesses design, develop, and maintain software solutions that drive innovation and growth. Their services include custom software development, digital platform engineering, and product design and development.
How Does EPAM Systems Make Money?
EPAM Systems is a global provider of software engineering and IT consulting services. The company makes money by offering a range of services to its clients, including software development, testing, maintenance, and support. EPAM Systems works with clients across a variety of industries, including finance, healthcare, retail, and technology.
EPAM Systems generates revenue by charging clients for its services on a project basis. The company typically works on long-term projects that can last several months or even years. EPAM Systems charges clients based on the number of hours worked by its employees, as well as any additional expenses incurred during the project.
In addition to its core software engineering and IT consulting services, EPAM Systems also generates revenue from its digital platform engineering and product development services. The company helps clients develop and launch new digital products and services, such as mobile apps and e-commerce platforms.
EPAM Systems also generates revenue from its intellectual property and software products. The company has developed a range of proprietary software products, including its EPAM Cloud platform, which helps clients manage their cloud infrastructure.
Overall, EPAM Systems makes money by providing high-quality software engineering and IT consulting services to clients across a range of industries. The company's focus on long-term projects and its expertise in digital platform engineering and product development have helped it become a leading player in the industry.
Who Founded EPAM Systems?
Arkadiy Dobkin and Leo Lozner are the founders of EPAM Systems.
What is the History of EPAM Systems?
EPAM Systems is a global provider of software engineering and IT consulting services. The company was founded in 1993 in Minsk, Belarus by Arkadiy Dobkin, who remains the CEO to this day. Initially, EPAM focused on providing software development services to clients in the United States and Europe.
In 2002, EPAM opened its first office in the United States, in Princeton, New Jersey. This marked the beginning of the company's expansion into new markets. Over the next several years, EPAM continued to grow, opening offices in Canada, Hungary, Russia, and other countries.
In 2012, EPAM went public, listing its shares on the New York Stock Exchange under the ticker symbol "EPAM." The IPO raised $96 million for the company, which it used to fund further expansion and acquisitions.
Today, EPAM has more than 41,000 employees in over 35 countries. The company works with clients in a wide range of industries, including finance, healthcare, retail, and technology. EPAM has been recognized as a leader in software engineering and IT consulting by industry analysts such as Gartner and Forrester.
What Industry is EPAM Systems In?
EPAM Systems is in the information technology industry.
What Are EPAM Systems's Competitive Advantages?
1. Strong technical expertise: EPAM Systems has a team of highly skilled and experienced software engineers, developers, and designers who possess deep technical knowledge and expertise in various technologies and domains. This enables the company to deliver high-quality solutions that meet the complex needs of its clients.
2. Global delivery model: EPAM Systems has a global delivery model that allows it to provide cost-effective and efficient services to its clients. The company has delivery centers in various locations across the world, which enables it to leverage the benefits of different time zones, languages, and cultures.
3. Agile methodology: EPAM Systems follows an agile methodology that enables it to deliver solutions quickly and efficiently. The company's agile approach allows it to adapt to changing requirements and deliver solutions that meet the evolving needs of its clients.
4. Strong partnerships: EPAM Systems has strong partnerships with leading technology companies such as Microsoft, Google, and Amazon Web Services. These partnerships enable the company to leverage the latest technologies and tools to deliver innovative solutions to its clients.
5. Industry expertise: EPAM Systems has deep industry expertise in various domains such as healthcare, finance, retail, and media. This enables the company to understand the unique challenges and requirements of each industry and deliver solutions that meet their specific needs.
What Are EPAM Systems's Competitive Threats?
1. Competition from other IT services companies: EPAM Systems faces competition from other IT services companies that offer similar services and solutions.
2. Economic downturns: Economic downturns can lead to reduced demand for IT services, which can negatively impact EPAM Systems' revenue and profitability.
3. Rapid technological changes: Rapid technological changes can make EPAM Systems' existing services and solutions obsolete, leading to a loss of market share.
4. Cybersecurity threats: Cybersecurity threats can compromise EPAM Systems' clients' data and damage the company's reputation.
5. Talent retention: EPAM Systems' success depends on its ability to attract and retain top talent. Competition for skilled IT professionals is intense, and losing key employees can negatively impact the company's performance.
Who Are Some of the Competitors of EPAM Systems?
Some of the competitors of EPAM Systems include Accenture, Cognizant, Infosys, Wipro, Tata Consultancy Services, and Capgemini.
What Are Some of EPAM Systems's Products and Services?
EPAM Systems is a global provider of software engineering and IT consulting services. Some of their notable products and services include:
1. Digital Platform Engineering: EPAM helps clients build and maintain digital platforms that enable them to deliver personalized experiences to their customers.
2. Cloud Services: EPAM offers cloud consulting, migration, and management services to help clients leverage the benefits of cloud computing.
3. Data Analytics: EPAM provides data analytics services to help clients make data-driven decisions and improve their business performance.
4. Digital Commerce: EPAM helps clients build and optimize their e-commerce platforms to drive sales and improve customer engagement.
5. Software Development: EPAM offers software development services across a range of industries, including healthcare, finance, and retail.
6. Quality Assurance and Testing: EPAM provides quality assurance and testing services to ensure that software applications are reliable, secure, and perform as expected.
7. User Experience Design: EPAM helps clients design and optimize their digital experiences to improve customer satisfaction and engagement.
Has EPAM Systems Acquired any Companies?
Yes, EPAM Systems has made several notable acquisitions, including Dextrys, NavigationArts, and Continuum.