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EPAM Systems history
EPAM Systems company history timeline
1993 EPAM opens for business in Princeton, NJ, with three employees
Since 1993, we’ve relied on our Engineering DNA to underpin our work with clients, leading to major innovations, digital transformations and business results.
More than 20 years later, in 1993, they started EPAM, a global software engineering services company.
EPAM was founded by Belarusians Arkadiy Dobkin in New Jersey, and Leo Lozner in Minsk on a partnership basis way back in 1993.
EPAM's first major success came in 1995 when it started to work on sales force automation system development for Colgate.
The project was noticed by SAP AG and EPAM was contracted for development of a system prototype to be presented at the annual SAP conference in 1996.
1997 EPAM lands first major software product development client: SAP AG
As his clientele were mainly companies from the US and from Europe the financial collapse of Russia in 1998 did not affect EPAM. Slowly, yet surely, the company started to grow.
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.
By the time he was 31, he had emigrated without even knowing how to speak English with just $2000 in his account.
In 2002, EPAM was ranked publicly for the first time as a fast-growing company by Deloitte & Touche.
2003 EPAM completes its first decade having built a foundation of delivering Software Products and Solutions for more than 200 software companies
Joined the EPAM Family: LintecProject (2003)
Since its launch in 2004, the University Program has helped meet the rising industry demand for skilled IT professionals by providing specialized training to students from Eastern and Central Europe.
By 2004, the company was generating over $30.1 million in revenues, growing consistently at 1,840.8 %! The number of employees was also doubling, with the company having only 1,001 employees at that time, to its 1400 in each centre now.
In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America.
In 2006, EPAM acquired VDI, a software development services company with delivery centers in Russia, which expanded the company’s presence in the CIS region.
In 2008, EPAM Systems became the first resident of Belarus High Technologies Park, а business environment for IT companies with the aim to develop modern technologies and expand their exports.
In 2010 in pursuit to strengthen it Business Information service offering EPAM acquired Instant Information, a leading provider of cloud based information management and discovery services.
In May of 2012, EPAM Systems bought Canadian-based IT consulting and software development company, Thoughtcorp.
2012 Company of the Year from Stevie Winner (Bronze)
On Feb 7, 2012, EPAM Systems launched an IPO under the stock symbol “EPAM.”
In 2012, EPAM was listed on New York Stock Exchange under moniker EPAM, becoming the first company from Belarus on NYSE.
In late 2012, EPAM made two acquisitions – Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile, and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce.
2013 EPAM establishes its Digital Engagement practice and accelerates services to help clients in CX, design and eCommerce
In March of 2014, EPAM Systems acquired the US-based healthcare technology consultancy, Netsoft USA. In April, EPAM Systems also went on to acquire Hong Kong-based Jointech, a tech services company.
In July of 2015, EPAM Systems also bought US-based NavigationArts, a digital strategy consultancy as well as the American software product developer and automation tester company, Alliance Global Services, in November of the same year.
In June of 2016, EPAM Systems also bought Dextrys, the US-based software engineering and app development company.
2016 EPAM is named by Forbes as Top 25 Fastest Growing Public Tech Companies
In 2018, the company launched a search engine called InfoNgen 7.0, which was extremely intuitive and customizable.
EPAM made two acquisitions in 2018 to expand its service offerings: Continuum (now EPAM Continuum) and TH_NK to add consulting capabilities and develop its digital and service design practices.
The company also productized TelescopeAI®, an artificial intelligence-based platform for IT operations and workforce management, which won a 2019 Big Innovation Award presented by the Business Intelligence Group.
In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA). That year, the company launched EPAM Continuum, its service for business, experience and technology consulting.
2020 EPAM is ranked as the Top IT services company on Fortune’s 100 Fastest-Growing Companies list for the 2nd year in a row
In May 2021, EPAM acquired Just-BI, a Netherlands-based consultancy specializing in SAP/S4HANA and enterprise data and analytics program management.
In December 2021, EPAM joined the S&P 500.
EPAM was ranked among the top 15 information technology services companies on the @FortuneMag 1000 list for the 4th year in a row! Based on total fiscal year, EPAM made a significant leap in the 2022 list. #Fortune1000 #ITServices #Fortune
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EPAM Systems competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bloomberg | 1981 | $10.0B | 20,000 | 675 |
| Technology | 1979 | $190.0M | 900 | 1 |
| Meta | 2004 | $164.5B | 71,970 | 7,335 |
| NCR | 1884 | $2.8B | 36,000 | 68 |
| Neustar | 1996 | $1.2B | 1,800 | - |
| Motorola Solutions | 1928 | $10.8B | 18,000 | 488 |
| AUTOMATED DIGITAL TECHNOLOGIES | - | $284.9K | 5 | - |
| Ring | 2013 | $165.0M | 1,300 | 10 |
| Intetics | 1995 | $30.0M | 550 | 4 |
| Alliance Global Services | 1993 | $3.3B | 50 | 2 |
EPAM Systems history FAQs
Zippia gives an in-depth look into the details of EPAM Systems, including salaries, political affiliations, employee data, and more, in order to inform job seekers about EPAM Systems. The employee data is based on information from people who have self-reported their past or current employments at EPAM Systems. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by EPAM Systems. The data presented on this page does not represent the view of EPAM Systems and its employees or that of Zippia.
EPAM Systems may also be known as or be related to EPAM Systems, EPAM Systems Inc, EPAM Systems Inc., EPAM Systems, Inc., Empathy Labs Inc and Epam Systems.