Introduction to the Acquisition

EPAM Systems, a global leader in software development, is set to expand its portfolio with the acquisition of First Derivative. This strategic move is aimed at enhancing EPAM’s capabilities in the capital markets sector. * Strategic Expansion: EPAM’s acquisition of First Derivative marks a significant step in its growth strategy, focusing on the capital markets industry. * Synergy and Expertise: The merger brings together EPAM’s software development prowess with First Derivative’s specialized knowledge in capital markets. ## First Derivative: A Brief Overview First Derivative, based in Northern Ireland, has established itself as a reputable managed services and consulting business within the capital markets sector.

EPAM’s Strategic Acquisition of First Derivative

EPAM, a global leader in software development and consulting services, has announced a strategic acquisition of First Derivative, a company specializing in AI-enabled solutions for the financial sector. This move is set to expand EPAM’s portfolio and strengthen its position in the market. ### Leveraging First Derivative’s Expertise

• EPAM will integrate First Derivative’s industry experience and brand into its existing services. * The acquisition will provide EPAM with a comprehensive set of AI-enabled end-to-end capabilities.
  

  # Engineering Excellence

  EPAM’s engineering prowess is a cornerstone of its service offering. The company’s engineers are known for their innovative solutions and ability to tackle complex challenges. * EPAM’s engineers have developed cutting-edge software solutions for financial institutions, enhancing their operational efficiency and security. * The company’s commitment to continuous improvement has led to the development of advanced algorithms and machine learning models that can predict market trends and customer behavior. ### Transformational Capabilities EPAM’s transformational capabilities, including GenAI, are set to revolutionize the way financial institutions operate. * GenAI, EPAM’s generative artificial intelligence, can automate routine tasks, freeing up human resources to focus on more strategic initiatives. * The technology can also provide valuable insights into customer behavior, helping financial institutions to tailor their services and improve customer satisfaction. ### Business Services EPAM’s business services are designed to support financial institutions in their strategic planning and execution. * The company provides consulting services to help financial institutions identify opportunities for growth and innovation.

  The company specializes in providing innovative solutions for the financial sector, particularly in the areas of risk management and compliance. ## Introduction to FD Technologies FD Technologies, a subsidiary of the renowned FD Technologies plc, has carved a niche for itself in the financial sector. Listed on the Alternative Investment Market (AIM) of the London Stock Exchange, the company has been making significant strides in the realm of risk management and compliance. * Innovative Solutions: FD Technologies is known for its innovative approach to solving complex problems in the financial sector. * Specialization: The company’s primary focus lies in providing solutions for risk management and compliance. ## The Importance of Risk Management and Compliance Risk management and compliance are critical aspects of any financial institution. They ensure the smooth functioning of the organization and protect it from potential threats. * Risk Management: This involves identifying, assessing, and mitigating risks that could potentially harm the organization.

  Introduction to EPAM Systems, Inc. EPAM Systems, Inc. (NYSE: EPAM) is a global leader in digital engineering, cloud, and AI-enabled transformation services. The company has built its reputation on its software engineering expertise, which has allowed it to provide innovative solutions to businesses across various industries. ## Acquisition Overview

  EPAM Systems, Inc. has recently announced its intention to acquire a prominent competitor in the digital engineering space. This acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions, including the receipt of necessary regulatory clearances.

  EPAM’s Global Reach and Local Engagement

  EPAM, a leading global IT services and solutions provider, has made significant strides in the tech industry. Recognized for its innovative approach, EPAM has not only expanded its global footprint but also ensured that its services are tailored to meet the unique needs of local markets. ### Global Expansion – EPAM’s presence spans across continents, with offices in over 100 countries. – The company’s growth is a testament to its ability to adapt and thrive in diverse markets. ### Localized Solutions – EPAM’s expert teams consist of consultants, architects, designers, and engineers. – These professionals work closely with clients to develop solutions that are both innovative and locally relevant.

  Unveiling the Power of Data-Driven Businesses

  In the rapidly evolving business landscape, data-driven companies like FD Technologies are leading the charge. These organizations harness the power of data to unlock valuable insights, enabling them to make informed decisions and drive their organizations forward.

  Introduction to Forward-Looking Statements

  In the dynamic world of business, companies often share their visions and strategies for the future. These projections, known as forward-looking statements, are a critical part of investor communications. However, they come with a caveat: their accuracy is not guaranteed.

  SOURCE EPAM Systems, Inc. WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE? 440k+Newsrooms &Influencers 9k+Digital MediaOutlets 270k+JournalistsOpted In GET STARTED