Newtown, PA – June 22, 2016 – EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, announced today its acquisition of Dextrys, a global provider of software engineering and application services. In addition to EPAM’s existing locations in Shenzhen and Hong Kong, the acquisition adds delivery centers in Suzhou, Shanghai and Guangzhou, strengthening EPAM’s existing presence in China.
Headquartered in Newburyport, MA, Dextrys offers software development, onsite project management, architecture and test automation capabilities and works with clients in the consumer product goods, software technology, manufacturing and retail industries.
"The alignment between Dextrys and EPAM provides new opportunities and benefits to our customers, business partners and shareholders,” said Balazs Fejes, Co-Head of Global Business, EPAM. "We extend a warm welcome to the employees and customers of Dextrys and believe that the synergies between our companies will allow us to take advantage of the explosion of technology opportunities in China. The additional delivery locations in China will also allow us to deliver better experiences to our clients’ onsite and build more productive relationships.”
“EPAM and Dextrys are well-aligned in our service offerings and our customer-centric delivery cultures. I’m confident that our employees will experience a smooth transition with the EPAM team, and that our clients will be well served,” said William Murphy, CEO of Dextrys. “Dextrys has over ten years of experience successfully delivering software services to both multinational and domestic China clients, and we look forward to working with EPAM to continue to help clients meet their goals.”
About EPAM Systems
EPAM Systems, Inc. (NYSE:EPAM), a leading global product development and platform engineering services company, is focused on delivering results through best-in-class software engineering, combined with innovative strategy, consulting and design capabilities. With 23 years of experience in the information technology industry, EPAM’s 18,000 people serve our customers in over 25 countries across North America, Europe, Asia and Australia. EPAM was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies and was ranked as a top information technology services company on FORTUNE’S 100 Fastest Growing Technology Companies.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.