Enhanced collaboration will expand cloud
engineering capabilities to help global clients scale cloud-native
development and solve complex business challenges with AI.
NEWTOWN,
Pa., Oct. 31, 2023 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced a
Strategic Collaboration Agreement (SCA) with Amazon Web Services
(AWS) to help enterprises solve complex business challenges, drive
growth, and scale innovation through cutting-edge cloud solutions,
services, and strategies. The agreement will focus on accelerating
modernization, adopting cloud-native architecture, and leveraging
artificial intelligence (AI) and advanced analytics to create
customer value in key industries, including healthcare, life
sciences, financial services, insurance, energy and gaming.
While cloud transformation has grown vital for achieving
business success, many organizations encounter challenges in
managing the complexity of cloud operations. This SCA leverages
EPAM's 30 years of experience in engineering, consulting, and
software development paired with AWS's solutions to help clients
address cloud complexity and expand capabilities with greater
agility, efficiency, and speed to achieve business outcomes. To
help organizations modernize and become cloud-native, EPAM will
build new offerings and products to support AWS-based business
solutions and data platforms, as well as advance AI and machine
learning capabilities.
Learn more about EPAM and AWS's
Collaboration
"We're excited to expand our work with AWS to help our clients
transform into adaptive, cloud-native organizations and stay
competitive in a quickly evolving digital landscape," said
Elaina Shekhter, Chief Marketing and
Strategy Officer at EPAM. "Building on more than a decade of
collaboration, we are able to further deliver advanced cloud
capabilities and unique end-to-end experiences through our global
team of expert consultants, designers and engineers."
As a part of the agreement, EPAM will establish a dedicated AWS
Center of Excellence built on its more than 15,000 AWS experts who
hold 5,000 AWS certifications. The SCA furthers EPAM's decade-long
collaboration with AWS and has allowed EPAM to streamline the
process of building infrastructure, applications and business
platforms for clients while mitigating business risks.
"There has never been a greater time to bring operational
efficiency to the resource-constrained healthcare industry. At
XSOLIS, we rely on EPAM's expertise to help us leverage our
AI-driven technology more rapidly and effectively to eliminate
administrative waste and accelerate data-driven decision-making
across our connected network of providers and payers," said
Zach Evans, Chief Technology Officer
at XSOLIS. "The expanded collaboration between EPAM and AWS
empowers us to offer a more robust solution, leveraging
cutting-edge cloud-native capabilities. This collaboration will
positively impact our mission to create a frictionless healthcare
system, with efficiency gains that benefit providers, payers and
patients alike."
"EPAM has a proven track record of helping global enterprises
accelerate digital transformation and navigate their cloud journeys
to gain a competitive advantage," said Chris Sullivan, Vice President, Worldwide System
Integrators at AWS. "Together, EPAM and AWS can help clients
further modernize their businesses, applications and software to
become faster and more efficient."
As an end-to-end provider of digital transformation services
with more than 50,000 team members across 50+ countries, EPAM
delivers innovative cloud-enabled AI, data modernization,
migration, data, and analytics solutions to many Forbes Global 2000
organizations around the world.
To learn more about how EPAM and AWS help businesses thrive
in the cloud, visit
https://www.epam.com/about/who-we-are/partners/aws.
About EPAM Systems
Since 1993, EPAM Systems, Inc.
(NYSE: EPAM) has leveraged its advanced software engineering
heritage to become the foremost global digital transformation
services provider – leading the industry in digital and physical
product development and digital platform engineering services.
Through its innovative strategy; integrated advisory, consulting,
and design capabilities; and unique 'Engineering DNA,' EPAM's
globally deployed hybrid teams help make the future real for
clients and communities around the world by powering better
enterprise, education and health platforms that connect people,
optimize experiences, and improve people's lives. In 2021, EPAM was
added to the S&P 500 and included among the list of Forbes
Global 2000 companies.
Selected by Newsweek as a 2021, 2022 and 2023 Most Loved
Workplace, EPAM's global multidisciplinary teams serve customers in
more than 50 countries across six continents. As a recognized
leader, EPAM is listed among the top 15 companies in Information
Technology Services on the Fortune 1000 and ranked four times as
the top IT services company on Fortune's 100 Fastest Growing
Companies list. EPAM is also listed among Ad Age's top 25 World's
Largest Agency Companies for three consecutive years, and
Consulting Magazine named EPAM Continuum a top 20 Fastest Growing
Firm.
Learn more at www.epam.com and follow EPAM
on Twitter and LinkedIn.
Forward-Looking Statements
This press release includes
estimates and statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and
assumptions as to future events that may not prove to be accurate.
Our estimates and forward-looking statements are mainly based on
our current expectations and estimates of future events and trends,
which affect or may affect our business and operations. These
statements may include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. Those future events and trends may relate to,
among other things, developments relating to the war in
Ukraine and escalation of the war
in the surrounding region, political and civil unrest or military
action in the geographies where we conduct business and operate,
difficult conditions in global capital markets, foreign exchange
markets and the broader economy, and the effect that these events
may have on our revenues, operations, access to capital, and
profitability. Other factors that could cause actual results to
differ materially from those expressed or implied include general
economic conditions, the risk factors discussed in the Company's
most recent Annual Report on Form 10-K and the factors discussed in
the Company's Quarterly Reports on Form 10-Q, particularly under
the headings "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Risk Factors" and other
filings with the Securities and Exchange Commission. Although we
believe that these estimates and forward-looking statements are
based upon reasonable assumptions, they are subject to several
risks and uncertainties and are made based on information currently
available to us. EPAM undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required
under applicable securities law.
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SOURCE EPAM Systems, Inc.