EPAM Systems Enhances Global Presence Through NEORIS Acquisition
EPAM Systems Completes NEORIS Acquisition
EPAM Systems, Inc. (NYSE: EPAM), a leading player in digital transformation services and product engineering, has successfully finalized its acquisition of NEORIS, enhancing its delivery capabilities significantly.
Strengthening Client Solutions Across Diverse Industries
This acquisition is a strategic move that allows EPAM to expand its client services in various industries, enhancing its value proposition for clients across different sectors. NEORIS, a global technology consultancy based in Miami, brings expertise in delivering complex digital engagement and transformation projects, particularly in manufacturing, banking, consumer packaged goods, retail, telecommunications, and media. With a professional workforce of approximately 4,800, NEORIS stands out through their strong capabilities in software development and technology consulting.
Expertise in Digital Transformation
NEORIS specializes in areas essential for modern business, such as Digital Experience, Engineering, SAP, Data Analytics, Machine Learning, Artificial Intelligence, and Interactive User Experience. This expertise is crucial for businesses looking to navigate the complexities of digital transformation without losing sight of client engagement and satisfaction. Through this acquisition, EPAM is not only enhancing its service capabilities but also broadening its reach into Spanish- and Portuguese-speaking markets, which are pivotal for future growth.
Expanding Global Operational Footprint
The closing of this acquisition marks a milestone for EPAM in its objective to expand its operational footprint. By integrating NEORIS’s offerings, EPAM is well-positioned to increase its competitive edge in the Americas while leveraging its existing capabilities in North America, India, and Europe. This expansion is expected to yield transformative benefits for EPAM's clients, further solidifying their commitment to providing high-quality engineering and consulting services on a global scale.
About EPAM Systems and Its Vision
Founded in 1993, EPAM Systems has grown to be a global leader in engineering and technology, recognized for its comprehensive services that combine software engineering, cloud, and AI-enabled transformation services. By incorporating NEORIS into its portfolio, EPAM aims to better address its clients' transformation challenges, ensuring timely delivery of solutions that provide innovative value and enhance business processes.
EPAM believes that the right technology should empower people and create substantial competitive advantages. Their vision revolves around improving client experiences through engagement with expert teams and cutting-edge technology solutions.
Commitment to Quality and Recognition
EPAM's dedication to quality has not gone unnoticed; they have been recognized on multiple platforms for their exceptional workplace culture and service excellence. They were added to the S&P 500 and the Forbes Global 2000 lists, highlighting their stature within the technology and services industry.
The company has also received accolades from Glassdoor and Newsweek as a Top 100 Best Workplace, showcasing their commitment to employee satisfaction and career development. Their multidisciplinary teams strive to provide impeccable service across six continents, catering to a diverse clientele.
Frequently Asked Questions
What does the acquisition of NEORIS mean for EPAM Systems?
The acquisition significantly boosts EPAM's delivery capabilities and broadens its service offerings across various industries, enhancing its competitive positioning globally.
What industries does NEORIS specialize in?
NEORIS specializes in sectors including manufacturing, banking, consumer packaged goods, retail, telecommunications, and media, focusing on complex digital transformation projects.
How many professionals does NEORIS employ?
NEORIS has approximately 4,800 professionals working across major talent hubs, primarily in Latin America, Spain, and the U.S.
When was EPAM Systems founded?
EPAM Systems was founded in 1993 and has since evolved into a premier global provider of digital engineering and transformation services.
What are some of EPAM's recent recognitions?
EPAM was added to the S&P 500 and the Forbes Global 2000 lists, and recognized as a Top 100 Best Workplace by Glassdoor and Newsweek.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
