History
2014

CEO Arkadiy Dobkin and CFO Anthony Conte receive Emerald Asset Management’s E-3 Awards for “an entrepreneurial spirit and a commitment to excellence.”

2013

EPAM was ranked #2 on Forbes’ list of America’s Best Small Companies: 20 Fast-Growing Tech Stars.

EPAM named one of the “star performers” in the 2013 ITO in Capital Markets Service Provider Landscape and PEAK Report by Everest Group.

The company’s headcount reached 9,000 IT, digital strategy and UX professionals. 

The company’s revenues in 2012 reached a record $433.8 million.

EPAM Systems was included in the Deloitte’s 2012 Technology Fast 500™ ranking, the list of the fastest growing companies in North America, with 193% revenue growth from 2007 to 2011.

EPAM Systems named “Top Business Impact Partner, EMEA - 2012” by Oracle during the 5th Annual Oracle Commerce EMEA Partner Conference.

EPAM Systems was ranked #29 in The 2013 Global Outsourcing 100® List by the International Association of Outsourcing Professionals® (IAOP®).

EPAM Systems was named #6 to the 2013 Forbes “America’s 25 Fastest-Growing Tech Companies” list.

2012

EPAM acquires Empathy Lab, a leader in strategy and multi-channel solutions development in digital media, e-commerce and entertainment industry.

EPAM achieves Gold competencies in Microsoft Mobility, Business Intelligence and Microsoft SharePoint.

EPAM acquires Thoughtcorp, a leading Canadian IT Consulting firm founded by Kirk Robinson and David Bercovitch and launches a Canadian foundation through EPAM Canada.

EPAM’s executives visit the New York Stock Exchange to celebrate successful completion of the company's initial public offering. Arkadiy Dobkin, cofounder, CEO and President of EPAM Systems, joined by the company’s management team, rings the NYSE Opening Bell  to signify trades opening.

EPAM Systems, Inc. commences initial public offering of common stock by applying to list its shares on the New York Stock Exchange under the symbol “EPAM.”

2011

IAOP recognizes EPAM as a top ranked vendor among CEE's ITO providers in its "2011 Global Outsourcing 100" list for the 6th straight year.

EPAM expands European presence and strengthens NearShore service offering with the addition of a new development center in Poland.

EPAM’s software engineering pool exceeds 7000 professionals.

2010

We pass the $200 million revenue mark.

EPAM's leadership of the Central & Eastern European software services sector is reconfirmed by IAOP's 2010 Global Outsourcing 100 ranking.

Everest Group names EPAM a "must-know" outsourcing vendor in Central & Eastern Europe in a report titled "Emerging Markets Suppliers: A Valuable Lever for Risks Diversification".

EPAM expands our visibility in the Financial Services sector by adding Barclays Capital as a strategic client.

We strengthen our Business Information sector by acquiring Instant Information, a leading provider of cloud based information management and discovery services.

2009

In the midst of a historic global recession we redouble our efforts to streamline and become a more efficient organization. We build trust with key clients and come out with stronger value propositions than ever before.

Our commitment to quality in the face of extremely challenging global economic conditions has landed EPAM among leading CEE IT vendors:

  • EPAM is included in the global "Top 10 Best Performers: IT Services" list for the second consecutive year -  the only CEE based IT services vendor to make the list. The company is also ranked 2nd among the world's "Top 10 Best Performers: Outsourced Product Development".
  • IAOP recognizes EPAM's deep specialization by key verticals in multiple sub-lists of the "2009 Global Outsourcing 100" and ranks the company highest among CEE-based ITO firms.
  • For the third time since 2006, EPAM Systems becomes the sole ITO provider with development centers in Central and Eastern Europe ranked among the "2009 Top 50 Best Managed Outsourcing Vendors" by Brown-Wilson Group.
  • EPAM is named the #1 Software Product Development and Engineering company on The Black Book of Outsourcing vendor ranking.
2008

We raise another $50 million in capital to fund future growth.

EPAM is awarded SAS 70 Type II Global Certification by Deloitte.

EPAM establishes a Capital Markets Competency Center by acquiring B2BITS Corp., targeting the financial services market more aggressively and landing our first strategic deal with a large global investment bank.

We open our first operation in the Nordic region by establishing a client management and consulting center in Sweden.

EPAM’s software engineering pool exceeds 5,000 professionals.

2007

EPAM reaches the $100 million mark in revenue and is confirmed by multiple independent ratings as a leader in Central and Easter Europe among software services vendors.

We added significant scale through the opening of 18 training labs in Russia, Belarus and Ukraine, expanding both the number and quality of available engineering resources.

EPAM’s software engineering pool exceeds 3,000 professionals.

2006

EPAM secures an equity investment from Siguler Guff to fund our growth plans and help us compete more aggressively globally.

EPAM acquires VDI, one of the leading software development services companies with delivery centers in Russia, expanding our presence in the region and positioning the company to better target domestic CIS markets.

To improve our positions as a leading NearShore provider in Europe, we open a client management and support center in Frankfurt, Germany.

EPAM’s software engineering pool exceeds 2,000 professionals.

2005

For the first time EPAM is recognized as the No.1 software development outsourcer in Central and Eastern Europe and is named among the "Top 10 Specialty Application Development Leaders" in the first annual "Offshore 100" round-up of top global offshore ITO and BPO service providers.

EPAM establishes a European client management and support center in London, UK.

EPAM expands in both Russia and the Ukraine, opening several new development centers in those countries.

2004

Pivotal expansion and new global focus through acquisition of Fathom Technology, a software development services company based in Budapest, Hungary. Through the addition of Fathom, EPAM makes a strategic shift away from a pure North America market focus, to one that is more balanced and includes a growing EU client base. As our first such experience, Fathom is invaluable in helping us understand how to leverage not only organic development to position the company for the future growth.

EPAM’s software engineering pool reaches 1,000 professionals.

2002-2003

EPAM significantly diversifies its client base, establishing several key relationships which eventually develop into very strategic, long-term businesses for us.

Industry analysts start to notice EPAM, with Aberdeen Group citing us as a trendsetter in "A Buyer's Guide to the Russian Software Development and Services Export Industry".

EPAM is named one of America's entrepreneurial growth leaders by Inc. magazine.

EPAM appears for the first time on the Technology Fast 500 list of Deloitte & Touche.

EPAM becomes the first CMMI® Maturity Level 4 software development services provider in Europe.

1999-2001

EPAM experiences - and survives - the full rise and crash of the DOT.com bubble, successfully managing the company through the loss of our largest client.

This proved to be an extremely valuable learning experience for us, giving us the confidence to continue moving forward despite any significant obstacles, and the determination to remain undeterred in what we do by any seemingly “unsolvable” challenges that may arise.

EPAM is exposed to the emerging eCommerce space and begins developing complex interactive personalized portals and remote mobile solutions for large global automotive, telecom, high-tech, and healthcare corporations across North America, Europe, and Japan.

1997-1998

A solution developed by EPAM for Colgate-Palmolive was noticed by key decision makers at SAP AG, resulting in a trial engagement developing software for them. The success of that engagement marked our entry into the professional software product development area, known now as the Product Development Outsourcing space. Since that time we have actively participated in hundreds of high end software engineering projects – both for leading global ISVs as well as numerous emerging technology companies and start-ups.

1995-1996

After several challenging years, EPAM finally lands our first of the major client engagements.

EPAM is selected to build Sales Force Automation and Warehouse Management solutions for the US operations of Bally of Switzerland, one of the leading global fashion and apparel brand.

EPAM is chosen to help Colgate-Palmolive Co, a global consumer goods industry leader, to develop a Global Sales Force Automation solution and deploy it across dozens countries across Europe and Latin America.

The success of these projects helps define the future direction of EPAM and establishes our focus on leveraging software engineering excellence to deliver mission critical, complex business solutions on global scale.

1993

EPAM is founded as a global software engineering service company with its headquarters in a suburban bedroom in New Jersey, USA and an Offshore Software Development Center in another bedroom across the ocean in downtown of Minsk, Belarus. Our focus then is on serving emerging software product companies that cannot afford anybody else.

Company