EPAM Systems

Software engineering outsourcing services provider

Launch date

1993

Employees

Ownership

public, venture capital

Market cap

Net debt

$1.4b

Firm valuation

€17.0b (Public information from Nov 2022)

Newtown Township Pennsylvania (HQ), Minsk Belarus (founding location)

http://www.epam.com

https://twitter.com/epamsystems https://www.linkedin.com/company/epam-systems/https://apps.apple.com/app/id1135407607 epamsystems https://play.google.com/store/apps/details?id=com.epam.connect.android

Revenues, earnings & profits over time

USD	2016	2017	2018	2019	2020	2021	2022E
Revenues	1.2b	1.5b	1.8b	2.3b	2.7b	3.8b	5.2b
% growth	27 %	25 %	27 %	24 %	16 %	41 %	38 %
EBITDA	-	256m	344m	425m	523m	762m	981m
% EBITDA margin	-	18 %	19 %	19 %	20 %	20 %	19 %
Profit	-	72m	240m	261m	327m	482m	636m
% profit margin	-	5 %	13 %	11 %	12 %	13 %	12 %

Source: Equity research estimates

Date	Investors	Amount	Round
-	RTP Global	N/A	- Not yet verified
Jan 2006	N/A	$25m	Early VC Not yet verified
Feb 2008	Euroventures Capital Advisory	N/A	Series B Not yet verified
Jun 2008	Russia Partners Euroventures Capital Advisory Da Vinci Capital	$50m	Late VC
Feb 2012	N/A	$72m Valuation: $494m	IPO
Total Funding		€45.5m

Tech stackLearn more about the technologies and tools that this company uses.

By Country

United States 10 United Kingdom 3 Poland 2 France 1 Belgium 1 Russia 1 China 1 Israel 1 Spain 1

By Industry

Enterprise Software 5 Fintech 4 Education 2 Legal 1 Health 1 Security 1 Jobs Recruitment 1 Media 1

By Round

ACQUISITION by EPAM Systems Nov 2014

ACQUISITION by EPAM Systems Mar 2018

ACQUISITION by EPAM Systems Dec 2012

Alliance Global Services

ACQUISITION by EPAM Systems Nov 2015

ACQUISITION by EPAM Systems Jun 2016

ACQUISITION by EPAM Systems Sep 2020

ACQUISITION by EPAM Systems May 2019

ACQUISITION by EPAM Systems Nov 2021

ACQUISITION by EPAM Systems Mar 2020

Navigation Arts

ACQUISITION by EPAM Systems Jul 2015