Nearshore Americas – by Narayan Ammachchi
US IT consultant EPAM Systems has expanded its footprints further in Latin America with the acquisition of Colombian software maker S4N.
EPAM, based in Newtown, Pennsylvania and which already has presence in Mexico with close to 1,000 employees, said the acquisition increases the company’s headcount in the region to 1,500. The move comes amid a series of Nearshore-focused acquisitions over the last two years, marked first by deals to buy Argentina’s Belatrix and Costa Rica’s Avantica, and later iTexico of Guadalajara and PSL Corp of Colombia. Nearshore Americas counts at least 14 other software services’ deals during that time frame involving operators in Costa Rica, Peru, Argentina, Uruguay, Mexico and Panama.
Bogota-based S4N generates revenue by developing applications for retailers, airlines, and insurance companies. It has tremendous expertise in machine learning, data architecture, and cloud ops, according to EPAM CEO Arkadiy Dobkin, who spoke about the Colombian firm during his recent call with investors.
“The acquisition of S4N enables our continued progress in building a more agile, diverse and global delivery organization,” stated Victor Dvorkin, SVP, Head of Global Delivery at EPAM.
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