EPAM is a Leader according to the 2023 Gartner Magic
Quadrant™ for Custom Software Development Services,
Worldwide
NEWTOWN,
Pa., Dec. 7, 2023 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced it has
been positioned as a Leader in custom software development services
by Gartner. This placement reflects EPAM's strength in pioneering
generative AI, building best-in-class systems and providing
end-to-end digital services for global enterprises.
Learn more about EPAM's Engineering
Capabilities
"We are pleased to be identified by Gartner as a Leader for
helping clients modernize and build next-generation solutions,"
said Dmitry Tikhomirov, VP of Technology Solutions at
EPAM. "This industry analyst recognition, we feel, highlights
our ability to leverage our Engineering DNA with emerging
technologies like Generative AI to provide quality digital
solutions and platforms at speed, scale and reliability for
consistent business outcomes."
As demand for digital transformation continues to grow, the 2023
Gartner Magic Quadrant™ for Custom Software Development Services,
Worldwide offers an impartial evaluation of provider capabilities
to help businesses identify potential partners. These capabilities
include providing incident resolution and support and implementing
agile/DevOps in multidisciplinary and inclusive teams.
To learn more about EPAM's approach to custom software
development, visit epam.com/services/engineering.
Download the full
reporti here.
Gartner
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or service depicted in its research publications and does not
advise technology users to select only those vendors with the
highest ratings or other designation. Gartner research publications
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organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark and MAGIC
QUADRANT is a registered trademark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
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 Statement
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.
i Gartner, Magic Quadrant for Custom
Software Development Services, Worldwide, By Luis Pinto, Deacon D.K
Wan, Gunjan
Gupta, Jaideep
Thyagarajan, Ben Pring,
27 November 2023
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SOURCE EPAM Systems, Inc.