In the News:
EPAM Systems, a digital platform engineering and software development solution provider, on Tuesday said it has acquired NAYA Technology, an Israel-based provider of services for complex cloud migration and data management.
With the acquisition, EPAM also gets migVisor, an automated database migration assessment tool for helping move Oracle and SQL server databases to public clouds including Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
The acquisition also expands EPAM's ability to train and recruit engineering talent via an Israel-based educational institution owned by NAYA.
No dollar value was given for the acquisition.
EPAM is ranked number 34 on CRN's 2019 Solution Provider 500 list.
The acquisition of NAYA complements EPAM's consulting practice and helps improves its already-strong data management and cloud services capabilities, said Valentin Tsitlik, vice president of technology solutions for Newtown, Pa.-based EPAM.
"NAYA is complementary to what EPAM does," Tsitlik told CRN. "Especially the new migVisor tool, which is new to EPAM. We have broad skillsets, buy NAYA's focus on migrating data to the cloud is very interesting to us."
NAYA brings three important capabilities to EPAM, Tsitlik said.
The first is its services for helping customers migrate their data portfolios to the cloud. "Customers are using a lot of data-driven applications," he said. "NAYA helps with the data part."
The second is migVisor, a tool for accelerating the finding of data that can be moved to the cloud, setting up of a cloud database migration plan, migrating the data to the cloud, and optimizing database licensing, Tsitlik said.
"migVisor has seen large adoption with both traditional customers and wit a lot of cloud providers," he said.
The third is NAYA University, an Israel-based technical university with a lot of classes and data management that will help EPAM with the internal training of its employees and the recruitment of new engineers, Tsitlik said.
EPAM has invested in education in the past by opening a technical university in Ukraine and its acquisition in July of Competentum, a New York-based full-stack educational content services company, he said.
EPAM's investments in education is a competitive advantage for the solution provider, which derives about 60 percent of its revenue from the U.S. market, he said.
"We build a lot of our solutions in Europe and Israel," he said. "We are facing global competition for engineering talent, and it's very critical for us to train our own engineering force."
The original article can be found here.