EPAM Systems

EPAM Launches OSPulse™ to Help Companies Measure and Improve Open Source Engagement

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Thursday, February 22, 2024

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NEWTOWN, Pa., Feb. 22, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the launch of OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement within an organization. The dashboard offers an intuitive interface with seamless implementation and customizable reporting to easily track a company's open source contributions and impact.

Key Points:

"EPAM's OSPulse actively evaluates open source engagement throughout the business," said Christopher Howard, Head of the Open Source Program Office at EPAM.
Through an enterprise-level overview of open source engagement, OSPulse can help organizations with the following:
Identify trends and focus areas.
"As a major contributor to open source, we know that open source results in better software and stronger communities," Howard said.
In 2019, EPAM built the Open Source Contributor Index (OSCI) to measure and recognize commercial organizations worldwide that contribute to the open source community.

EPAM Continuum's 2024 Consumer Banking Report Highlights AI Success with a 96% Satisfaction Rate

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Tuesday, February 20, 2024

Opinium Research, AI, Climate, EPAM Systems, System, Trust, Automation, EPAM, Consumer, Appetite, Ageing, Research, Face, Partnership, Bank

NEWTOWN, Pa., Feb. 20, 2024 /PRNewswire/ -- EPAM Continuum, the integrated business, technology and experience consulting practice of EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the release of its fourth annual Consumer Banking Report, revealing ongoing satisfaction with banks globally amid rising consumer expectations for digital capabilities and personalization.

Key Points:

Uptake of AI banking tools remains low (21%), but satisfaction is high among those who have used these tools (96%).
Insights from EPAM's 2024 Consumer Banking Report reflect findings from a recent 2024 Forrester banking predictions report.
The Forrester report states, "In 2024, we see risks to banks retaining deposits as they strain to maintain profit margins.
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The fourth annual Consumer Banking Report by EPAM Continuum summarizes emerging trends, attitudes and behaviors, illustrating their potential impact on the future of banking across various demographics and geographical locations.

EPAM Reports Results for Fourth Quarter and Full Year 2023

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Thursday, February 15, 2024

Engineering, Total, Share repurchase, EST, Generative, EPAM Systems, Sale, GAAP, EPAM, EPS, Video game

NEWTOWN, Pa., Feb. 15, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for its fourth quarter and full year ended December 31, 2023.

Key Points:

"EPAM's performance in 2023 reflects our ability to successfully navigate a volatile demand and macro-economic environment," said Arkadiy Dobkin, CEO & President, EPAM.
Cash provided by operating activities was $171.4 million in the fourth quarter of 2023, a decrease from $186.1 million in the fourth quarter of 2022; and was $562.6 million in 2023, an increase from $464.1 million in 2022;
The Company repurchased 143 thousand shares of its common stock for $36.5 million during the fourth quarter of 2023 under its share repurchase program.
The Company expects that foreign currency translation will have a negligible impact on year-over-year revenue decline during the quarter.
EPAM will host a conference call to discuss results on Thursday, February 15, 2024 at 8:00 a.m. EST.

EPAM Recognized as a Preferred Tech Company Among Young Professionals in Colombia

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Monday, February 12, 2024

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NEWTOWN, Pa. and BOGOTÁ, Colombia, Feb. 12, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been recognized as a top 10 preferred tech company in Colombia among professionals under 35 years old by the 2024 Top of Mind Index Tech study conducted by FirstJob, a company specialized in employability data. This recognition follows EPAM's growth in Colombia and expansion of global delivery centers in Latin America that have brought new career opportunities for local IT professionals and enhanced business value for clients.

Key Points:

NEWTOWN, Pa. and BOGOTÁ, Colombia, Feb. 12, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been recognized as a top 10 preferred tech company in Colombia among professionals under 35 years old by the 2024 Top of Mind Index Tech study conducted by FirstJob, a company specialized in employability data.
More than 14,000 young professionals were surveyed to identify the most aspirational companies and elements that make the organization's value offer unique.
"We're honored to be recognized as a top tech company among young professionals in Colombia," said JP Vergara, Senior Director, Country Head, Colombia and Dominican Republic at EPAM.
In addition to being recognized as an aspirational company in Colombia, EPAM was recently named a top employer in multiple locations worldwide by Glassdoor, Built In and kununu.

EPAM Recognized as a Top IT Sourcing Vendor in Europe

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Monday, February 5, 2024

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NEWTOWN, Pa., Feb. 5, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Top IT Sourcing Vendor in Europe, earning recognition for exceptional client satisfaction and strong category performance rankings across multiple evaluation criteria by Whitelane Research, an independent organization focused on IT sourcing research across Europe. This latest recognition reflects EPAM's emergence as a leading strategic IT sourcing partner in Europe, demonstrating superior delivery quality and innovative transformation and building trust and credibility among major European clients.

Key Points:

This latest recognition reflects EPAM's emergence as a leading strategic IT sourcing partner in Europe, demonstrating superior delivery quality and innovative transformation and building trust and credibility among major European clients.
"We are thrilled to be recognized as a top IT sourcing vendor in Europe, ranking as an exceptional performer across various evaluation categories by Whitelane Research in its 2023 IT Sourcing Study in Europe," said Balazs Fejes, President of EU and APAC Markets at EPAM.
These latest ratings affirm that EPAM consistently surpasses client expectations, maintaining a strong IT sourcing presence across Europe."
Recognized by Whitelane Research and clients for superior customer satisfaction, EPAM helps customers in Europe and beyond scale and transform across multiple industries through its innovative strategy, integrated advisory, consulting and design capabilities.

EPAM Launches a Composable Suite of Retail Media Accelerators with Google Cloud

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Wednesday, January 24, 2024

Cloud, EPAM, Advertising, Partnership, AI, EPAM Systems, Ecosystem, Investment, Marketing, Machine learning, Google Cloud, Media, Video game

NEWTOWN, Pa., Jan. 24, 2024 /PRNewswire/ -- Retail media offers a significant revenue-generating opportunity for retailers to sell advertising space fueled by customer transactional data and insights. However, scaling such a business poses a significant challenge for many. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced a partnership with Google Cloud, aligned with its Industry Value Network (IVN) initiative, to develop a composable suite of retail media accelerators to help retailers solve efficiency, scalability and functionality challenges.

Key Points:

EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced a partnership with Google Cloud, aligned with its Industry Value Network (IVN) initiative , to develop a composable suite of retail media accelerators to help retailers solve efficiency, scalability and functionality challenges.
Retailers can leverage the scalability and analytical capabilities of native Google Cloud components, along with a network of retail media software vendors, eliminating the need to build their own in-house solution.
"Retailers are already working with Google Cloud to power their digital transformations with cloud infrastructure, data and AI," said Pallab Deb, Managing Director, Solutions and Industry Value Networks at Google Cloud.
As a market leader in developing composable cloud media and marketing platforms, EPAM has designed and built custom media technology platforms for some of the world's largest advertisers and retailers.

EPAM Named a Leader in Three IDC MarketScape Reports

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Thursday, January 18, 2024

Customer, IDC, Architecture, EPAM, DevOps, EPAM Systems, Environment, Software, Organization, SVP, Sales

NEWTOWN, Pa., Jan. 18, 2024 /PRNewswire/ -- Customer Experience (CX) is at the core of an enterprise business customer relationship. To stay at the top of an increasingly competitive environment, it's imperative to understand what people want, need, and value and translate that into products and services in today's digital world. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Leader in three IDC MarketScape reports:

Key Points:

EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Leader in three IDC MarketScape reports:
IDC MarketScape: Worldwide Experience Build Services 2023-2024 Vendor Assessment (doc #US49988323, December 2023)
IDC MarketScape: Worldwide Experience Design Services 2023-2024 Vendor Assessment (doc #US49988123, December 2023)
And IDC MarketScape: Worldwide Software Engineering Services 2023 Vendor Assessment (doc #US51330523, November 2023)
"We are proud to be recognized as a Leader in the IDC MarketScapes for Software Engineering Services, Experience Build Services and Experience Design Services," said Kevin Labick, SVP, Head of Digital Engagement Practice at EPAM.
EPAM Continuum, the integrated strategy, technology and experience consulting practice of EPAM, was named a top 20 Fastest Growing Firm by Consulting Magazine.
The IDC MarketScape for Experience Design Services noted, "EPAM is a potentially a good choice for organizations that want a partner combining experience design and platform implementation services with software, product engineering and IT professional services."
The same report also noted, "EPAM reference clients commended the firm most highly in experience design were value for money, value creation, and design excellence."

EPAM Recognized as a 'Best Place to Work' Across the World by Glassdoor, Built In and kununu

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Wednesday, January 10, 2024

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NEWTOWN, Pa., Jan. 10, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced that it has been rated as a top employer in multiple locations worldwide by Glassdoor, Built In and kununu.

Key Points:

"For 30+ years, EPAM has prided itself on its people—they are the foundation of our success.
Looking forward, we strive to continue offering quality employee experiences through flexible work opportunities, competitive rewards, meaningful projects and continuous learning programs."
EPAM is a 2024 Employees' Choice Winner in Glassdoor's Top 100 Best Places to Work.
"We congratulate EPAM on receiving the Top Company seal 2024," says Nina Zimmermann, CEO of kununu.

Xen Project Releases Version 4.18 with New Security, Performance, and Architecture Enhancements for AI/ML Applications

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Monday, November 20, 2023

“This version provides new enterprise security and high-performance features, but also prepares architectures for HPC and AI/ML applications, which require very large quantities of data processing,” said Kelly Choi, community manager, Xen Project.

Key Points:

“This version provides new enterprise security and high-performance features, but also prepares architectures for HPC and AI/ML applications, which require very large quantities of data processing,” said Kelly Choi, community manager, Xen Project.
The Arm® Firmware Framework for Arm A-profile (FF-A) framework support is now merged in upstream Xen as a tech preview.
The memory subsystem in Xen on Arm64 is now more compliant with the Arm architecture.
XenServer inherits its security and performance from the Xen Project hypervisor,” said Jacus de Beer, general manager, XenServer BU, Cloud Software Group.

EPAM Releases AI-powered DIAL Platform for Open Source -- Helping Companies Quickly Advance Generative AI and LLM-Driven Solutions

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Wednesday, December 13, 2023

LLM, NYSE, IP, SDMX, Platform, DIAL, API, Reliability, Conference, EPAM Systems, Software, Growth, EPAM, AI, Data, Metadata, Medical device

NEWTOWN, Pa., Dec. 13, 2023 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the launch of its AI-powered DIAL Open Source Platform, a multi-modal, model-agnostic solution enabling developers to build upon the existing model to create custom applications, experiment with new use cases and develop innovative implementations.

Key Points:

Developed under the permissive Apache 2.0 license, EPAM's DIAL Platform aims to foster collaborative development and widespread adoption.
The Platform's open source model encourages community contributions, supports both open source and commercial use, provides legal clarity, allows for the creation of derivative works and aligns with open source principles.
"The launch of our AI-powered DIAL Open Source Platform underscores our ongoing commitment to building a robust and advanced digital landscape with open source innovation," said Ilya Gorelik, Head of EPAM's Reliable AI Lab.
"EPAM's DIAL open source aims to foster collaboration within the developer community, encouraging contributions and facilitating adoption across various projects and industries.