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Our History

Since 1993, we’ve relied on our Engineering DNA to underpin our work with clients, leading to major innovations, digital transformations and business results.

In that time, we’ve expanded geographically,

as well as extended our core engineering capabilities to include business consulting, design and physical product development. We’ve been at the forefront of some of the most exciting technology-led transformations in the industry, and our story continues into today’s modern age of agile delivery, big data, machine learning and AI.

1993

EPAM Systems begins

Our founders, Arkadiy Dobkin and Leo Lozner, met in grade school. More than 20 years later, in 1993, they started EPAM, a global software engineering services company. EPAM’s global headquarters are located in Arkadiy’s apartment in Princeton, NJ, USA.

GEOGRAPHY

USA, Belarus

HEADCOUNT

03

NEW CUSTOMER

Dabiwa Ltd.

1994 - 1995

FIRST MAJOR CLIENT: BALLY OF SWITZERLAND

Bally of Switzerland, one of the leading global fashion and apparel brands, is the first company to hire EPAM for a serious enterprise initiative – building a Salesforce Automation and warehouse management solution for its North American operations.


HEADCOUNT

6 (1994), 15 (1995)

NEW CUSTOMER

Bally of Switzerland, Halliburton, Parametric Technology Corporation

1996 - 1997

FIRST ENTERPRISE GLOBAL CHALLENGE: AUTOMATION SOLUTION FOR COLGATE-PALMOLIVE

EPAM is chosen to help Colgate-Palmolive, a global consumer goods industry leader, develop a sales force automation solution and deploy it across multiple countries in Europe and Latin America.

HEADCOUNT

20 (1996), 37 (1997)

NEW CUSTOMER

Colgate-Palmolive

1997 - 1999

FIRST MAJOR PRODUCT DEVELOPMENT CLIENT: SAP AG

The success of the Salesforce Automation solution for Colgate-Palmolive is brought to the direct attention of the CEO and founder of SAP AG, and opens the door for EPAM into the product development space.

GEOGRAPHY

Russia

HEADCOUNT

37 (1997), 69 (1998), 126 (1999)

NEW CUSTOMER

SAP AG

1999 - 2001

EPAM ENTERS THE ECOMMERCE ERA

EPAM expands its services to include new emerging digital technologies, building CRM and eCommerce solutions that are deployed at a global scale.

HEADCOUNT

126 (1999), 204 (2000), 266 (2001)

NEW CUSTOMERS

Firepond Inc., KLA-Tencor Corporation, Honda Motor Co. Ltd., Ricoh Company Ltd., AT&T Inc., ABB (Asea Brown Boveri Ltd.)

2001 - 2003

DOTCOM CRASH AND DIVERSIFICATION

In the midst of the bursting Dot-com bubble, EPAM is recognized for the first time as a 'trendsetter' in software engineering outsourcing services by leading industry analysts, and is ranked publicly as a fast-growing company. This year also marks our very first end-to-end digital engagement for the travel destination portal lasvegas.com.

HEADCOUNT

266 (2001), 314 (2002), 536 (2003)

NEW CUSTOMERS

Hyperion, Reuters, ServiceWare, LasVegas.com


JOINED THE EPAM FAMILY

LintecProject (2003)

2004 - 2005

EUROPEAN EXPANSION: FATHOM JOINS EPAM

A pivotal expansion and new global focus happens with the 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 American market focus to one that is more balanced and includes a growing EU client base.

GEOGRAPHIES ADDED

Hungary, UK, Ukraine

HEADCOUNT

952 (2004), 1,322 (2005)

NEW CUSTOMERS

William Hill, Click4Care Inc., First Data

JOINED THE EPAM FAMILY

Fathom Technology (2004)

2006 - 2007

DESIGNED FOR GROWTH: INVESTMENT FROM SIGULER GUFF AND CIS EXPANSION

EPAM secures an equity investment from Siguler Guff to fund its growth plans and help the company compete more aggressively globally. EPAM acquires VDI, one of the leading software development services companies with delivery centers in Russia, expanding its presence in the region and positioning the company to better target domestic CEE markets. Arkadiy Dobkin is named one of the Top 25 Most Influential Consultants of the Year by Consulting Magazine.

GEOGRAPHIES ADDED

Germany

HEADCOUNT

2,422 (2006), 3,316 (2007)

NEW CUSTOMER

The Coca-Cola Company

NEW INVESTOR

Siguler Guff & Company

JOINED THE EPAM FAMILY

VDI (2006), Spline Software (2007)

2008 - 2009

EPAM DURING THE GLOBAL RECESSION

In the midst of a historic global recession, EPAM redoubles its efforts to streamline and become a more efficient organization, building trust with key clients and emerging with a stronger value proposition. Our commitment to quality in the face of extremely challenging global economic conditions lands EPAM among the leading CEE IT vendors.

GEOGRAPHIES ADDED

Kazakhstan, Sweden

HEADCOUNT

4,521 (2008), 4,431 (2009)

NEW CUSTOMERS

UBS AG, Google Inc.

JOINED THE EPAM FAMILY

B2Bits Corp (2008), PlusMicro (2008), Rodmon Systems (2009)

2012 - 2013

EPAM ON THE NEW YORK STOCK EXCHANGE

EPAM is the first company with Belarusian engineering roots to go public on the New York Stock Exchange (NYSE: EPAM). With the acquisition of Empathy Lab, EPAM establishes its Digital Engagement practice and develops its services in customer experience, design and eCommerce. EPAM also acquires Thoughtcorp, forming a permanent base in Canada and expanding its service offerings in Agile, BI/Analytics and Mobile.

GEOGRAPHIES ADDED

Poland, Switzerland, Canada, Hong Kong SAR

HEADCOUNT

10,043 (2012), 11,000 (2013)

NEW CUSTOMERS

Adidas, AG

JOINED THE EPAM FAMILY

Thoughtcorp, Empathy Lab

2014 - 2015

EPAM RECOGNIZED AS A LEADER IN PDS

Positioned for the first time as a leader in Product Development Services by Forrester, EPAM spans 17 countries, including a new location in China, and employs 13,000+ experts in a variety of domains and solution practices. With the acquisition of Alliance Global Services, EPAM enters the Indian market, extending its global delivery platform and expanding its expertise in software engineering productivity and automation services.

GEOGRAPHIES ADDED

Singapore, China, Australia, Armenia, Netherlands, India, Bulgaria

HEADCOUNT

13,780 (2014), 18,354 (2015)

NEW CUSTOMER

Canadian Tire

JOINED THE EPAM FAMILY

Netsoft (2014), Jointech (2014), GGA (2014), Great Fridays (2014), Alliance Global Services (2015), Navigation Arts (2015)

2016 - 2017

EPAM NAMED A LEADER IN DIGITAL PLATFORM ENGINEERING SERVICES BY FORRESTER

Having expanded its global reach to include Ireland, United Arab Emirates, Netherlands and Philippines, EPAM is named as the leader in Digital Platform Engineering Services (DPES) by Forrester, cited as exhibiting the strongest grasp and execution of DPES of all the vendors evaluated in this report. EPAM again is named one of the top 25 Fastest Growing Public Tech Companies by Forbes.

GEOGRAPHIES ADDED

Mexico, Austria, Czech Republic, Ireland, UAE, Philippines

HEADCOUNT

22,383 (2016), 25,900+ (2017)

JOINED THE EPAM FAMILY

Dextrys, InfomatiX

2018

EPAM CELEBRATES 25 YEARS

EPAM celebrates its 25th anniversary and acquires Continuum to strengthen its innovation consulting capabilities and enhance existing digital and service design practices by introducing a human-centered approach to physical design and product development.

GEOGRAPHIES ADDED

Japan, Spain

HEADCOUNT

25,900+

JOINED THE EPAM FAMILY

Continuum, TH_NK

2019

EPAM CONTINUES TO MAKE STRATEGIC ACQUISITIONS TO EXPAND OFFERINGS

EPAM continues to expand its end-to-end service offerings—to help its clients become agile and more adaptive enterprises and enable them to thrive in a market constantly challenged by the pressures of digitization—extending its data consultancy and data training capabilities, as well as adding cloud database migration services and crowdtesting software solutions. EPAM is listed as Fortune’s 100 Fastest-Growing Companies, for a second time, and recognized with the Best in Biz Award for Corporate Social Responsibility Program of the Year for making a greater impact on the world around us through our focus on education, community and environment. EPAM launches its Open Source Contributor Index, a new tool that ranks the top open source contributors by commercial organization.

GEOGRAPHIES ADDED

Uzbekistan, France, Vietnam, Israel

HEADCOUNT

36,700+ (FY 2019)

JOINED THE EPAM FAMILY

test IO, Competentum, NAYA Technologies, Onsolve, Axsphere

2020

EPAM NAVIGATES THE YEAR’S REALITIES—EXTENDING MARKET POSITION, BRINGING VALUE TO CLIENTS & GIVING BACK

EPAM’s continuous efforts on implementing the principles of an adaptive organization and expansion of end-to-end service offerings—supported by ongoing investments in people, platforms and geographies—allowed the company to successfully navigate the unprecedented challenges of 2020’s global environment. EPAM extended its market position as a trusted digital solutions partner, grew its global API practice and salesforce capabilities with the acquisition of Ricston, expanded its advanced data and analytics capabilities with the acquisition of Deltix, and joined the newly formed MACH Alliance as a founding member to help drive next-generation digital architectures and experiences. For the second year in a row, EPAM ranked as the top IT services company on Fortune’s 100 Fastest-Growing Companies list, jumping 50 positions to #21, and was broadly recognized as a rising leader in integrated consulting capabilities.

GEOGRAPHIES ADDED

Romania, Malta, Lithuania, Georgia

HEADCOUNT

41,150+ (FY 2020)

JOINED THE EPAM FAMILY

Ricston, Ltd & Deltix, Inc.

2021

EPAM EXPANDS GLOBAL CAPABILITIES AND TALENT FOOTPRINT & DIVERSIFIES SOLUTIONS PORTFOLIO

EPAM’s ability to quickly adapt to the changing market conditions and its continued investment in its teams, platforms and capabilities, enabled the company to envision and deliver industry leading digital transformation services, product engineering offerings, and integrated advisory, consulting and design capabilities.

EPAM diversified its global capabilities, talent footprint and solutions portfolio—making several strategic acquisitions, including PolSource, White-Hat Ltd., Just-BI, CORE SE, S4N, Emakina Group and Optiva Media.

EPAM became a member of the S&P 500 and a Forbes Global 2000 company, and for the third consecutive year, EPAM ranked the Top IT services company on Fortune’s 100 Fastest-Growing Companies list.

GEOGRAPHIES ADDED

Colombia, Croatia, Kyrgyzstan, Slovakia, Serbia

HEADCOUNT

58,800+ (FY 2021)

JOINED THE EPAM FAMILY

CORE SE, White-Hat Ltd., PolSource, Just-BI, S4N, Emakina Group, Optiva Media

2022

EPAM expands to more than 50 countries and EPAM Continuum is named a Top 20 fastest growing firm by Consulting Magazine

EPAM DIVERSIFIES GLOBAL DELIVERY FOOTPRINT TO 50+ COUNTRIES 

EPAM prioritized the safety and well-being of its employees and their families in Ukraine. The Company supported EPAMers and the Ukrainian people via humanitarian relief, IT volunteering, educational programs and community initiatives in partnership with local NGOs. 

EPAM geo-graphically diversified its global delivery capabilities across Latin America, Europe and Asia, expanding to more than 50 countries, across 6 continents. 

The Company was also recognized by many prestigious organizations for its learning culture, workplace excellence, technological leadership and ESG programs.

GEOGRAPHIES ADDED

Chile, Argentina, Portugal, Greece, Montenegro, the Dominican Republic, Turkiye, South Africa, Serbia, Latvia and Kyrgyzstan

HEADCOUNT

59,250+ (FY 2022)

JOINED THE EPAM FAMILY

Vivify Ideas and Enginiety

2023

EPAM TURNS 30, EXPANDS TO NEW GEOGRAPHIES & BUILDS AI CENTERS OF EXCELLENCE

EPAM launched the AI-powered DIAL Platform for Open Source—facilitating rapid advancement in generative AI and LLM-driven solutions. Expanding strategic partnerships with AWS, Microsoft, and Google Cloud, the Company help enterprises modernize and transform with the power of AI and Cloud. Recognized as a leader in three IDC MarketScapes (Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services); EPAM is also named a leader in the 2023 Gartner® Magic Quadrant™ for Worldwide Custom Software Development Services, a Top IT Sourcing Provider in Europe by Whitelane Research and a leader in overall Quality Engineering by NelsonHall. Additionally, Newsweek and Glassdoor named EPAM a Top 100 Most Loved Workplace and Best Place to Work, respectively.

GEOGRAPHIES ADDED

Qatar and Saudi Arabia

HEADCOUNT

53,150+ (FY 2023)

JOINED THE EPAM FAMILY

Virtuace and Essentia

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EPAM
Today*

*Data as of Q4 2023

06

Continents

55

Countries & Regions

53,150+

Total EPAMers
*Data as of Q4 2023

21%

Revenue Growth
5 Year Revenue CAGR
(2018-2023)

FEATURED

EPAM Launches Vehicle-to-Cloud Platform: AosEdge

Geography
Focus*

*Data as of Q4 2023

58.4%

Americas

39.2%

EMEA

2.3%

APAC

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