EPAM Systems Inc Dossier
Qualitative Analysis
Business overview
EPAM Systems, Inc. (NYSE: EPAM) is a leading global provider of digital platform engineering, software product development, and advanced IT consulting services. Founded in 1993 and headquartered in Newtown, Pennsylvania, the company has transitioned from its historical delivery concentration in Eastern Europe (Ukraine, Belarus, and Russia) to a highly diversified global delivery footprint spanning multiple continents. EPAM specializes in complex software engineering, platform design, and digital transformation, helping Forbes Global 2000 companies and fast-growing startups evolve into AI-native enterprises. The company's core capabilities include platform development, cloud migration, data analytics, and cybersecurity, recently bolstered by strategic partnerships with leading AI developers like Anthropic to deploy enterprise-grade generative AI solutions at scale.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
EPAM is fundamentally reorienting its software engineering capabilities toward AI-native services. This includes deploying proprietary platforms like EPAM AI/RUN, DIAL 3.0, and Agentic QA to help clients transition from experimental AI pilots to fully integrated, production-scale operational workflows.
Expected impact: Targeting over $600 million in AI-native revenues for the full year 2026, representing a major shift in the company's revenue mix toward high-value, premium-priced AI consulting and engineering.
EPAM is actively rebalancing its global delivery footprint to lower-cost and geopolitically stable regions, reducing its historical concentration in Central and Eastern Europe (Ukraine, Belarus). Key expansion hubs include India and Latin America.
Expected impact: Improves operational resilience and satisfies client demands for geographic diversification, though it introduces near-term margin compression due to higher operational costs compared to the historical CEE model.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To significantly enhance EPAM's delivery footprint in Latin America and Spanish- and Portuguese-speaking markets, while expanding capabilities in digital experience, SAP, data analytics, and AI.
Financial impact: Contributed significantly to inorganic revenue growth in 2025, helping drive total revenue to $5.457 billion.
To expand EPAM's global financial services practice, bringing in over 100 new clients and deep business consulting expertise in capital markets, banking operations, and asset servicing.
Financial impact: Strengthened EPAM's financial services vertical, which delivered strong growth of 11.5% year-over-year in Q1 2026.
Strategic Partnerships
Enables EPAM to deliver secure, enterprise-grade generative AI solutions using Anthropic's Claude models, Claude Code, and Agent SDK. EPAM is training over 20,000 employees and building a dedicated practice of 10,000 Claude-certified architects to help Global 2000 clients transition to AI-native workflows.
Terms: Not disclosed