Enhancing EPAM's ability to deliver advanced
cloud, engineering, testing and digital services to global
clients
NEWTOWN, Pa. and CORDOBA,
Argentina, March 26, 2024 /PRNewswire/ -- Staying
competitive as technology evolves can be challenging. However,
finding the right technology solution partner with next-gen
delivery capabilities can significantly ease digital transformation
initiatives. EPAM Systems, Inc. (NYSE: EPAM), a
leading digital transformation services and product engineering
company, today announced its acquisition of Vates S.A., a
multi-award-winning software development company with offices in
Argentina and Chile. Vates will enhance EPAM's software
development portfolio and diversify its Latin America delivery capabilities.
"Vates shares our Engineering DNA and integrated consulting
approach for accelerating digital transformation and enhancing
business value, empowering the world's leading brands to become
more agile and adaptive enterprises," said Hugo Gomez, Vice President of Latin America at EPAM. "With the addition of
hundreds of skilled engineers across LATAM, we're excited to
leverage Vates' strong engineering capabilities, including cloud,
testing and Atlassian platform knowledge."
Vates is an established market leader that delivers end-to-end
solutions for leading enterprise clients across multiple industries
including finance, healthcare, high-tech, media and
telecommunications. Since 1991, it has focused on technology
research and innovation to provide services such as custom software
development, application testing, digital consulting, system
integrations, big data analysis and IT maintenance and support.
Vates' global clients include Thomson Reuters, telecommunications
giant Claro and financial services provider Bancor.
"We're pleased to welcome Vates and their team of 500+ talented
engineers to EPAM as we further develop next-gen solutions to
support today's most complex technological challenges," said
Ethan Matyas, Senior Vice President
and Head of Delivery, North
America at EPAM. "With the addition of Vates, our team
continues to grow as a leader in advanced digital services in LATAM
with 3,000+ employees in the region. We look forward to enhancing
global delivery for clients and bringing new opportunities for
local technical talent, while reinvesting in their
communities."
"We're excited to join forces with EPAM and serve our clients at
a greater scale with advanced technologies and services," said
Mario Barra, Co-Founder of Vates.
"Together, we combine an unmatched software engineering heritage
and creativity to deliver enhanced multidisciplinary engagements to
customers in the Americas and worldwide."
In recent years, EPAM has been rapidly expanding in LATAM by
adding offices in Bogotá and Medellín, Colombia, and acquiring Colombia-based S4N to help build a more agile,
diverse global delivery organization. In the process, EPAM has been
recognized as a Preferred Tech Company Among Young Professional in
Colombia, Top 10 Best Companies
for Young Professionals in Mexico,
Newsweek Top 100 Most Loved Workplace and top employer in multiple
locations worldwide by Glassdoor, Great Place to Work, Built In and
Kununu.
Bernardo Barra, CEO of Vates,
said, "We are thrilled to embark on a new and exciting journey with
EPAM, a natural partner that shares our company values and vision
for growth. Our leadership team will stay in place as we maintain
our dedication to our clients and employees and explore new
possibilities that leverage our combined expertise and strengths in
software engineering, design, cloud, data and AI."
To learn about career opportunities at EPAM in LATAM, visit
https://www.epam.com/careers/epam-latin-america.
ABOUT EPAM SYSTEMS
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software
engineering expertise to become a leading global provider of
digital engineering, cloud and AI-enabled transformation services,
as well as a leading business and experience consulting partner for
global enterprises and ambitious startups. We address our clients'
transformation challenges by fusing EPAM Continuum's integrated
strategy, experience and technology consulting with our 30+ years
of engineering execution to speed our clients' time to market and
drive greater value from their innovations and digital
investments.
We deliver globally, but engage locally with our expert teams of
consultants, architects, designers and engineers, making the future
real for our clients, our partners and our people around the
world.
We believe the right solutions are the ones that improve
people's lives and fuel competitive advantage for our clients
across diverse industries. Our thinking comes to life in the
experiences, products and platforms we design and bring to
market.
Added to the S&P 500 and the Forbes Global 2000 in 2021 and
recognized by Glassdoor as a Best Workplace in 2023 and 2024, our
multidisciplinary teams serve customers across six continents. We
are proud to be among the top 15 companies in Information
Technology Services in the Fortune 1000 and to be recognized as a
leader in the IDC MarketScapes for Worldwide Experience Build
Services, Worldwide Experience Design Services and Worldwide
Software Engineering Services as well as a leader in the 2023
Gartner® Magic Quadrant™ for Custom Software
Development Services, Worldwide.*
Learn more at www.epam.com and follow us on
LinkedIn.
*Gartner does not endorse any vendor, product 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 consist
of the opinions of Gartner's research 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.
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 customer demand and 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.