A Brief History of EPAM Systems, Inc. (EPAM)

EPAM Systems, Inc. (EPAM) is a global provider of software engineering and IT consulting services. The company was founded in 1993 by Arkadiy Dobkin in Princeton, New Jersey, and Leo Lozner in Minsk, Belarus. The founders aimed to leverage the emerging talent pool in Eastern Europe to deliver high-quality technology solutions to clients worldwide.

Since its inception, EPAM has grown significantly, evolving into one of the leading technology services companies globally. Below are some of the important milestones in the company's history:

• 1993: EPAM is founded by Arkadiy Dobkin and Leo Lozner.
• 2002: The company opens its first development center in Hungary, marking its expansion into Central Europe.
• 2004: EPAM acquires Fathom Technology, significantly increasing its presence in the European market.
• 2006: EPAM establishes delivery centers in Russia and Ukraine, strengthening its development capabilities.
• 2012: EPAM goes public and is listed on the New York Stock Exchange (NYSE) under the ticker symbol "EPAM".
• 2014: The company acquires GGA Software Services, adding expertise in scientific informatics and research and development.
• 2016: EPAM opens new innovation labs to focus on the development of emerging technologies.
• 2019: EPAM makes the Fortune 100 Fastest-Growing Companies list, highlighting its rapid growth and success.
• 2020: The company continues to expand its global footprint with new offices and delivery centers in Asia, Europe, and Latin America.

EPAM's dedication to innovation, quality, and global delivery continues to drive its success in the technology service industry. Over the years, EPAM has developed a reputation for delivering complex software solutions and consulting services to some of the world's leading companies.

Who Owns EPAM Systems, Inc. (EPAM)

EPAM Systems, Inc. (EPAM) is a publicly traded company that is primarily owned by institutional investors, individual stakeholders, and company insiders. The company's ownership structure can be described through several key points:

• Institutional Investors: A significant portion of EPAM's shares are held by institutional investors. These include mutual funds, pension funds, and other investment entities. Notable institutional investors often include financial giants such as The Vanguard Group, BlackRock, and other well-known investment management firms.
• Individual Shareholders: Individual shareholders, including retail investors and private individuals, also own shares of EPAM Systems, Inc. These shareholders can buy and sell shares through stock exchanges where EPAM is listed.
• Company Insiders: Another important group of shareholders includes company insiders such as executives, board members, and employees who hold stock options or direct equity in the company. These stakeholders typically have a vested interest in the company's long-term success and strategic direction.

EPAM Systems, Inc. regularly discloses its ownership structure and major shareholders in its annual proxy statements and filings with the U.S. Securities and Exchange Commission (SEC). This transparency helps investors understand who holds significant influence over the company.

EPAM Systems, Inc. (EPAM) Mission Statement

EPAM Systems, Inc. is committed to delivering comprehensive solutions and services that accelerate digital transformation and drive business value for their clients. The company's mission emphasizes the following core aspects:

• Innovation: EPAM strives to continually innovate and develop cutting-edge technologies to meet the evolving needs of businesses across various industries.
• Excellence: Fostering a culture of excellence, EPAM focuses on delivering high-quality solutions that exceed client expectations.
• Collaboration: The company values strong partnerships with clients, working closely to understand their challenges and craft custom solutions.
• Integrity: Upholding the highest standards of ethics and integrity in all their engagements, EPAM ensures trust and reliability.
• Customer-centricity: Placing the customer at the center of their operations, EPAM aims to provide unparalleled service and deliver sustainable business outcomes.

Through these guiding principles, EPAM Systems, Inc. aims to enable organizations to transform digitally, unlocking new opportunities and achieving their strategic goals.

How EPAM Systems, Inc. (EPAM) Works

EPAM Systems, Inc. (EPAM) is a global provider of software engineering and IT consulting services. The company operates on a unique model that combines engineering excellence and consulting expertise to deliver solutions for complex business challenges. Below are the key components of how EPAM works:

1. Service Offerings: EPAM provides a broad range of services that span the software development lifecycle and other IT-related needs.

• Software Engineering: EPAM specializes in custom software development, ensuring that solutions are tailored to meet the specific needs of each client.
• Product Development: The company assists clients in bringing new products to market by providing end-to-end product development services.
• Digital Transformation: EPAM helps organizations modernize their IT infrastructure and adopt innovative technologies.
• Consulting: The firm offers strategic consulting services to help clients define their IT strategies and transform their business processes.
• Data & Analytics: EPAM provides data management and analytics services to help organizations leverage data for better decision-making.

2. Global Delivery Model: EPAM operates a distributed delivery model that leverages a global workforce. This model allows the company to provide round-the-clock services and tap into a diverse talent pool.

• Onshore, Nearshore, and Offshore: EPAM's delivery centers are strategically located around the world, including North America, Europe, and Asia, providing flexibility and scalability.
• Agile Methodologies: The company employs agile development practices to ensure quick and efficient delivery of projects.

3. Industry Expertise: EPAM serves a variety of industries, bringing domain-specific knowledge and expertise to each project. Some of the key industries include:

• Financial Services: Providing solutions for banking, insurance, and capital markets.
• Healthcare & Life Sciences: Delivering digital health solutions and regulatory compliance services.
• Retail & Consumer Goods: Implementing e-commerce platforms and supply chain management systems.
• Telecommunications: Offering network optimization and digital customer experience solutions.

4. Technology Partnerships: EPAM collaborates with leading technology vendors to offer best-in-class solutions to their clients. Some of their prominent partners include:

• Microsoft: EPAM is a Microsoft Gold Partner, providing services around Azure, Office 365, and other Microsoft technologies.
• Amazon Web Services (AWS): The company is an AWS Premier Consulting Partner, offering cloud migration and managed services.
• Google Cloud: EPAM is also a Google Cloud Premier Partner, delivering cloud-native solutions.

5. Innovation and R&D: EPAM invests heavily in research and development to stay ahead of technological trends and bring innovative solutions to its clients.

• Innovation Labs: EPAM has dedicated labs focused on emerging technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT).
• Intellectual Property (IP): The company develops proprietary tools and frameworks to accelerate project delivery and enhance quality.

Through these multifaceted approaches, EPAM Systems, Inc. leverages its engineering, consulting, and delivery expertise to help organizations navigate the complexities of the digital age.

How EPAM Systems, Inc. (EPAM) Makes Money

EPAM Systems, Inc. (EPAM) is a global provider of digital platform engineering and software development services. The company generates revenue through a variety of business activities and service offerings which cater to a diverse range of industries and clients. Here’s an overview of the primary ways EPAM makes money:

Consulting and Advisory Services

• Strategy Consulting: EPAM offers strategic consulting to help businesses define and implement effective digital transformation strategies, leveraging its extensive expertise in technology and industry trends.
• Technology Consulting: EPAM provides technology consulting services, including IT infrastructure, cloud computing, cybersecurity, and enterprise architecture, to optimize clients' technological capabilities.

Software Development and Engineering

• Custom Software Development: EPAM designs and develops tailor-made software solutions for clients, addressing specific business needs and challenges.
• Product Development: The company collaborates with clients in developing innovative products, from concept to market launch, leveraging agile methodologies and cutting-edge technologies.
• Engineering Services: EPAM's engineering services cover the entire software development lifecycle, including design, development, testing, and maintenance.

Platform and Application Management

• Cloud Services: EPAM assists clients in migrating to cloud platforms, managing cloud infrastructure, and optimizing cloud-based applications for performance and cost-efficiency.
• Application Management: The company provides ongoing support and management of applications, ensuring they remain secure, efficient, and updated with the latest features and improvements.

Data and Analytics

• Data Strategy: EPAM helps businesses develop data strategies that drive decision making and operational improvements through analytics and actionable insights.
• Big Data and AI: The company offers big data and artificial intelligence solutions to harness the power of large datasets, automating processes and enhancing analytics capabilities.

Industry-Specific Solutions

• Financial Services: EPAM provides specialized services for the financial sector, including risk management, fraud detection, and regulatory compliance solutions.
• Healthcare and Life Sciences: The company delivers digital health solutions, enhancing patient care, clinical operations, and healthcare management through technology.
• Retail and Consumer Goods: EPAM develops solutions to improve customer experience, supply chain efficiency, and omnichannel operations for retail clients.

These diverse service offerings enable EPAM Systems, Inc. to generate revenue by delivering value-driven technology and consulting solutions tailored to the specific needs of their clients across various industries.