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EPAM Systems

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A global provider of software engineering, digital transformation, and IT consulting services.

Last updated November 4, 2026

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Overview

EPAM Systems is a United States-headquartered multinational technology services and consulting company focused on software engineering, digital platform engineering, digital product development, experience design, data and analytics, cloud modernization, cybersecurity, and business consulting. The company serves enterprises, software and technology companies, financial institutions, healthcare organizations, retailers, media companies, manufacturers, and public-sector or regulated-industry clients. Its work generally involves designing, building, modernizing, integrating, and operating complex software products and technology platforms rather than selling a single mass-market software application. EPAM was established in 1993 by Arkadiy Dobkin and Leo Lozner. Its original operating model connected client-facing activity in the United States with engineering capacity in Belarus and other parts of Central and Eastern Europe. That cross-border structure helped the company offer specialized software product development at a time when many enterprises were beginning to outsource portions of their engineering work. EPAM initially built its reputation through custom software and product engineering, including early work for large enterprise technology customers such as SAP. The company’s engineering orientation remained central as it expanded into systems integration, enterprise platforms, analytics, mobile, cloud, design, and strategic consulting. The business broadened its geographic and service footprint through delivery-center expansion and acquisitions. The 2004 acquisition of Fathom Technology in Hungary gave EPAM its first European delivery center and added senior leaders, including Balazs Fejes and Karl Robb. Later acquisitions strengthened agile development, business intelligence, mobile engineering, digital experience, design, marketing, cybersecurity, Salesforce consulting, financial-services technology, and Latin American delivery. Businesses associated with EPAM include EPAM Continuum, its strategy, innovation, design, and consulting practice, as well as acquired capabilities from companies such as Thoughtcorp, Empathy Lab, Continuum, TH_NK, Alliance Global Services, PolSource, White-Hat, Emakina Group, Contino, Vates, and First Derivative. EPAM became a public company on the New York Stock Exchange in 2012. During the following decade it developed from a specialist software engineering provider into a broader digital transformation partner. The company’s service portfolio came to span product strategy, customer experience, architecture, application modernization, cloud engineering, data platforms, artificial intelligence, cybersecurity, testing, managed services, and technology operations. It has also developed or commercialized technology products and platforms such as InfoNgen and TelescopeAI, although services and client-specific engineering remain the core of the business. The company faced a major operating and workforce challenge after Russia’s invasion of Ukraine in February 2022. EPAM announced that it would discontinue services to Russian customers, begin exiting its Russian operations, support business continuity, and commit substantial humanitarian resources to employees and families affected in Ukraine. It subsequently accelerated workforce diversification and hiring in India, Latin America, Central and Eastern Europe, and other locations. This episode materially influenced EPAM’s delivery-footprint strategy and reduced its historical dependence on Eastern European engineering centers. From 2023 onward, EPAM emphasized artificial intelligence, generative AI, cloud, and data-driven modernization as strategic growth areas. Its 2024 initiatives included the launch or expansion of offerings such as EPAM DIAL, EliteA, and AI/RUN. Acquisitions such as Vates and First Derivative expanded delivery capacity in Latin America and financial-services technology, respectively. In September 2025, founder Arkadiy Dobkin moved from chief executive officer and president to executive chairman, while longtime EPAM executive and former Fathom co-founder Balazs Fejes became chief executive officer and president. EPAM’s present positioning combines high-end engineering depth with consulting, design, industry expertise, and global delivery.

History

EPAM Systems began in 1993 as a cross-border software engineering venture founded by Arkadiy Dobkin and Leo Lozner. Dobkin operated from New Jersey while early engineering work was performed in Minsk, Belarus. This structure linked access to United States clients with the technical labor pool of Central and Eastern Europe. The company’s original focus was software product development and custom enterprise systems, a specialization that distinguished it from lower-complexity outsourcing providers. During the 1990s, EPAM built experience in enterprise software and won work from multinational customers. The company identifies SAP as its first major software product-development client, while earlier work also included a Salesforce Automation solution for Colgate-Palmolive. These engagements helped establish an engineering-led business model based on long-term product development, modernization, and integration rather than one-off implementation projects. The technology downturn of the early 2000s created pressure to diversify EPAM’s client base and geographic reach. In 2004, the company acquired Fathom Technology, a Hungarian software engineering firm, opening EPAM’s first European delivery center. The transaction also brought in executives who later became important to EPAM’s international expansion, including Balazs Fejes and Karl Robb. Through the mid- and late-2000s, EPAM added delivery centers and selectively acquired or developed capabilities in Europe and North America. EPAM continued broadening its portfolio in the 2010s. It acquired Thoughtcorp and Empathy Lab in 2012, adding or strengthening agile, business intelligence, mobile, digital engagement, customer experience, design, and e-commerce capabilities. The company went public on the New York Stock Exchange in 2012. It subsequently expanded into digital consulting and experience work, while retaining software engineering and platform development as its primary base. In 2015, EPAM acquired Alliance Global Services, expanding product development capacity and strengthening its presence in India. In 2018, it acquired Continuum and TH_NK. Continuum became associated with EPAM Continuum, a practice combining business strategy, innovation, industrial and experience design, and technology. TH_NK strengthened digital and service-design capabilities. EPAM also commercialized technology products such as InfoNgen, a text analytics and sentiment-analysis platform, and TelescopeAI, a platform associated with workforce management and IT operations. The company’s acquisition program continued into the 2020s. EPAM acquired PolSource in 2021 to strengthen Salesforce consulting, White-Hat to expand cybersecurity, and Emakina Group to add digital agency, creative, marketing, experience, and analytics capabilities. EPAM joined the S&P 500 in December 2021. These developments reflected a broader transformation of the company from a specialist engineering supplier into a multidisciplinary digital transformation partner. Russia’s invasion of Ukraine in February 2022 was the most consequential operating disruption in EPAM’s modern history. The company had significant employee populations in Ukraine, Belarus, and Russia. In March 2022, EPAM announced that it would discontinue services to Russian customers, evaluate and then exit other regional operations, accelerate hiring and delivery expansion in other countries, and commit $100 million in additional humanitarian support for employees and families in Ukraine. It later created the EPAM Ukraine Assistance Fund to direct charitable support to relief organizations. The crisis also accelerated relocation and diversification of the company’s workforce and delivery model. After 2022, EPAM placed greater emphasis on India, Latin America, Western Europe, cloud engineering, data, cybersecurity, and artificial intelligence. The company described AI and generative AI as central to its next growth phase and promoted offerings including EPAM DIAL, EliteA, and AI/RUN. The 2024 acquisition of Vates expanded engineering delivery in Argentina and Chile, while the acquisition of First Derivative strengthened financial-services, capital-markets, managed-services, data, automation, and AI capabilities. Leadership changed on September 1, 2025. Arkadiy Dobkin moved from CEO, president, and chairman to executive chairman, while Balazs Fejes became CEO and president. Fejes had joined EPAM through the Fathom Technology acquisition and had previously served as CTO, president of Europe and APAC, president of global business, and chief revenue officer. The transition preserved founder involvement while placing day-to-day leadership with a long-serving engineering and international-business executive. EPAM’s continuing identity is that of a globally distributed, engineering-centered technology partner serving complex enterprise transformation programs.

  • 2025

    Founder-led CEO succession

    [6]

    Balazs Fejes becomes CEO and president, while Arkadiy Dobkin becomes executive chairman.

  • 2024

    Vates acquisition

    [10]

    EPAM acquires Vates to expand software engineering, cloud, testing, and digital delivery in Argentina and Chile.

  • 2024

    First Derivative acquisition

    [11]

    EPAM completes the acquisition of First Derivative, expanding its financial-services, capital-markets, managed-services, data, automation, and AI capabilities.

  • 2022

    Russia exit and Ukraine support

    [7]

    EPAM discontinues Russian customer services, begins exiting Russian operations, and commits major humanitarian resources to Ukrainian employees and families.

  • 2021

    S&P 500 inclusion

    [1]

    EPAM is added to the S&P 500 index.

  • 2021

    Emakina Group acquisition

    [9]

    EPAM acquires Emakina Group to expand digital experience, creative, marketing, analytics, and platform capabilities.

  • 2018

    Continuum and TH_NK acquisitions

    [2]

    EPAM adds strategy, innovation, design, digital experience, and service-design capabilities.

  • 2018

    InfoNgen commercialization

    [2]

    EPAM launches InfoNgen, an enterprise text analytics and sentiment-analysis product using artificial intelligence.

  • 2015

    Alliance Global Services acquisition

    [2]

    EPAM expands software product-development capacity and strengthens its India presence through the acquisition of Alliance Global Services.

  • 2012

    New York Stock Exchange listing

    [1]

    EPAM becomes publicly traded on the NYSE under the ticker EPAM.

Products and positioning

High-end engineering-led digital transformation partner combining software product development, consulting, design, data, cloud, and industry-specific technology services.

  • Technology services

    Digital Platform Engineering

    EPAM’s core engineering offering covers the architecture, development, modernization, integration, testing, and operation of enterprise platforms. Work may involve cloud-native systems, legacy transformation, distributed applications, APIs, data platforms, and technology foundations supporting large-scale digital products.

  • Software engineering services · 1993

    Software Product Development

    EPAM partners with software companies and enterprises to design, build, maintain, and evolve commercial or internal software products. The offering is rooted in the company’s early product-engineering work and includes product strategy, architecture, development, quality engineering, user experience, and lifecycle support.

  • Strategy, innovation and design consulting · 2018

    EPAM Continuum

    EPAM Continuum combines business strategy, innovation, experience design, industrial design, and technology execution. It is intended to connect customer research and future-oriented concept development with the engineering and operational capabilities needed to launch digital or physical-digital products.

  • Artificial intelligence services · 2024

    AI and Generative AI Services

    EPAM provides AI, machine learning, generative AI, data engineering, model implementation, and AI-enabled modernization services. The company has positioned AI as a central strategic priority and has introduced offerings including EPAM DIAL, EliteA, and AI/RUN for enterprise adoption and operationalization.

  • Enterprise software · 2018

    InfoNgen

    InfoNgen is an enterprise text analytics and sentiment-analysis product associated with EPAM. It applies artificial intelligence and language-processing techniques to help organizations analyze large volumes of unstructured information and extract business insights.

  • Artificial intelligence platform

    TelescopeAI

    TelescopeAI is an EPAM-developed platform associated with workforce coordination, IT operations, and predictive analytics. It originated as an internal workforce-management tool before being productized for broader enterprise use.

  • Cybersecurity services · 2021

    Cybersecurity and Zero Trust

    EPAM’s cybersecurity practice covers security architecture, application security, cloud security, cyber defense, identity, and zero-trust approaches. The 2021 acquisition of White-Hat expanded its specialist cybersecurity expertise and EMEA delivery capacity.

  • Industry technology services · 2024

    Financial Services Technology

    EPAM serves banks, capital-markets firms, insurers, and other regulated businesses with application modernization, data platforms, automation, AI, managed services, and specialized commercial-software implementation. First Derivative strengthened this portfolio through its capital-markets consulting and technology operations capabilities.

Marketing campaigns

  • 2024AI, GenAI and Innovation Initiative

    Global

    EPAM made artificial intelligence, generative AI, and enterprise innovation prominent themes in its corporate offering, supported by initiatives and products including EPAM DIAL, EliteA, and AI/RUN.

    Outcome. The initiative reinforced EPAM’s strategic shift toward AI-enabled engineering, modernization, and business transformation services.

    Source
  • 2022EPAM Ukraine Assistance Fund

    Ukraine · United States · Global

    EPAM created a charitable assistance fund to support organizations providing medical supplies, shelter, food, hygiene materials, transportation, counseling, and other humanitarian relief in Ukraine. The fund supplemented the company’s broader employee and family-support programs after Russia’s invasion.

    Outcome. The fund became part of EPAM’s continuing humanitarian response and was supported by employees, customers, partners, and external donors.

    Source

Brand decisions

  • 2025

    Planned founder-led leadership successionStrategy

    Background

    After more than three decades of founder-led expansion, EPAM planned a transition designed to preserve Arkadiy Dobkin’s strategic involvement while appointing an experienced internal successor.

    Action taken

    Effective September 1, 2025, Balazs Fejes became CEO and president, and Arkadiy Dobkin became executive chairman.

    Aftermath

    The transition placed day-to-day leadership with a longtime EPAM executive who had previously led global business, technology, and regional operations.

    Source

  • 2024

    Acquire VatesM&A

    Background

    EPAM aimed to expand its Latin American delivery footprint and add engineering capacity in cloud, testing, and digital services.

    Action taken

    EPAM acquired Vates, a software development company with operations in Argentina and Chile.

    Aftermath

    The acquisition diversified EPAM’s geographic delivery model and increased its engineering presence in Latin America.

    Source

  • 2024

    Acquire First DerivativeM&A

    Background

    EPAM sought to deepen its financial-services and capital-markets capabilities, especially in managed services, data, automation, and AI.

    Action taken

    EPAM completed the acquisition of First Derivative, a Northern Ireland-headquartered consulting and managed-services business.

    Aftermath

    EPAM added a substantial specialist financial-services team and expanded its ability to serve regulated financial institutions across North America, Europe, and Asia-Pacific.

    Source

  • 2022

    Exit Russian customer and delivery operationsStrategy

    Background

    Russia’s invasion of Ukraine created a humanitarian, operational, and geopolitical crisis for a company with substantial employee and delivery populations in Eastern Europe.

    Action taken

    EPAM announced that it would discontinue services to Russian customers, begin a phased exit from Russian operations, support employee relocation, and accelerate hiring and investment in other regions.

    Aftermath

    The decision reduced EPAM’s Russian footprint and accelerated diversification toward India, Latin America, Central and Western Europe, and other delivery locations.

    Source

  • 2021

    Acquire Emakina GroupM&A

    Background

    EPAM sought to expand beyond engineering into digital strategy, creative services, marketing, experience design, analytics, and platform development.

    Action taken

    EPAM acquired Emakina Group, a Belgium-headquartered digital agency group with a broad European and international presence.

    Aftermath

    The transaction strengthened EPAM’s digital experience and creative-services portfolio in EMEA and other markets.

    Source

Recent events

  • Reported

    Cloudflare expands AI workspace deployment partnerships[14]

    Cloudflare announced an expanded partner ecosystem for Cloudflare OS and said it is working with EPAM, HappyCog and Towards AI to help customers implement the technology.

  • Reported

    EPAM wins LinkedIn’s Best Culture of Learning Award[15]

    EPAM Systems announced that it won the Best Culture of Learning Award at the 2021 LinkedIn Talent Awards. The award recognizes investment in employee learning and development opportunities.

  • Reported

    EPAM launches Digital Clinical Trials platform[16]

    EPAM announced the launch of its Digital Clinical Trials platform, a patient-centric solution powered by Microsoft cloud services for hybrid or decentralized clinical trials.

  • Reported

    EPAM wins awards at Estee Lauder’s 2020 Tech-for-Pink Hackathon[17]

    EPAM announced that its C-True Mirror solution received one of two grand prizes at Estee Lauder’s 2020 Tech-for-Pink Virtual Hackathon, and its Pink and Blue app won the “Human Centric Innovation” Award.

  • Unconfirmed

    Reported

    EPAM acquired Deltix[18]

    Deltix announced that it had been acquired by EPAM Systems. The companies said Deltix would continue its existing software and services business as part of EPAM.

  • Reported

    Contentstack and EPAM announce strategic partnership[19]

    Contentstack announced a strategic partnership with EPAM to deliver a microservices, API, cloud-native and headless (MACH) solution for global customers. The partners also planned a 2020 roadshow in the U.S. and Europe.

  • Unconfirmed

    EPAM acquires NAYA Technology[20]

    EPAM Systems acquired NAYA Technology, an Israel-based provider of complex cloud migration and data management services. The acquisition also included NAYA's migVisor tool and its Israel-based educational institution.

Read more

Sources20 sources

  1. 1EPAM Systems official historyepam.com
  2. 2EPAM Systems Wikipedia articleen.wikipedia.org
  3. 3EPAM executive leadershipepam.com
  4. 4Balazs Fejes leadership biographyepam.com
  5. 5Arkadiy Dobkin leadership biographyepam.com
  6. 6EPAM leadership succession announcementepam.com
  7. 7EPAM Ukraine updateepam.com
  8. 8EPAM Ukraine Assistance Fundepam.com
  9. 9EPAM Emakina Group acquisitionepam.com
  10. 10EPAM Vates acquisitionepam.com
  11. 11EPAM First Derivative acquisitionepam.com
  12. 12EPAM White-Hat acquisitionepam.com
  13. 13EPAM 2023 annual reportinvestors.epam.com
  14. 14Cloudflare扩大AI工作空间部署合作channelbuzz.ca
  15. 15EPAM荣获LinkedIn最佳学习文化奖prnewswire.com
  16. 16EPAM推出Digital Clinical Trials平台prnewswire.com
  17. 17EPAM获得雅诗兰黛2020 Tech-for-Pink黑客马拉松奖项prnewswire.com
  18. 18EPAM收购Deltixfinanznachrichten.de
  19. 19Contentstack与EPAM宣布建立战略合作伙伴关系prnewswire.com
  20. 20EPAM 收购 NAYA Technologycrn.com

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