EPAM Systems Investor Relations Material

EPAM Systems is an American company that provides various software engineering and development services. The company offers solutions to clients across various industries including finance, healthcare, retail, and media, and is known for its expertise in complex software engineering, particularly in customizing technology platforms and conducting digital and product design. The company is headquartered in Newton, Pennsylvania, and its shares are listed on the NYSE.

The company was founded in Princeton, New Jersey in 1993 by Arkadiy Dobkin and Leo Lozner and had three employees in the USA and Belarus. The company grew rapidly, and in just five years it had already attracted two major customers, Colgate-Palmolive and SAP. The company has undergone rapid growth, both organically as well as through several strategic acquisitions over the years. During the mid 2010s EPAM was listed as one of the fastest-growing public tech companies in the world, and in 2021 it had its first billion-dollar revenue quarter.

The company primarily focuses on building custom software applications and complex solutions for its clients. This includes full-cycle software development where EPAM's teams are involved in all stages of the development process from initial analysis to deployment and maintenance. The company has expertise in a wide array of technology stacks and platforms, enabling them to create tailored solutions for customers.

In addition to software development, EPAM offers product development services, where they assist clients in designing, developing, and evolving their software products. This includes not just coding, but also advising on the best technological practices and trends to ensure the products are relevant to the client’s industry. It also provides digital transformation services, helping businesses modernize their existing systems and processes with the latest digital technologies. This includes integrating new software and technologies into existing IT ecosystems to enhance performance, scalability, and efficiency. The two aforementioned business segments only begin to scratch at the surface of EPAM’s offerings, and other areas of operations include cloud, cybersecurity, and AI.