Improving life sciences research, clinical
studies and post-market surveillance powered by data and AI
NEWTOWN,
Pa., June 13, 2024 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced its
acquisition of Odysseus Data Services, Inc., a top health data
analytics company. Odysseus will expand EPAM's ability to
transform the life sciences value chain through advanced data
analytics, data methods and artificial intelligence (AI).
"We are pleased to have Odysseus join EPAM. With their strong
capabilities in Real-World Evidence and Real-World Data — the
'glue' between multiple segments of the life sciences value chain —
our natural synergies make this an exciting time to add this to our
portfolio to help our clients achieve better outcomes," said
Greg Killian, Senior Vice President
of Life Sciences at EPAM. "We see the next wave of innovation based
on standardized data powering AI and GenAI to improve life sciences
research, clinical studies and post-market surveillance. Based on
the combined strengths of EPAM and Odysseus, we are well positioned
to lead that innovation."
Headquartered in Cambridge,
Massachusetts, Odysseus generates healthcare data insights
and evidence for clients through skilled data science and
analytics, software engineering and data management and ontology
and vocabulary management. The company's focus on a standardized
and systematic approach to healthcare data analytics is the
foundation for a better understanding of the inner workings of
healthcare interventions in drug treatment, drug safety and
efficacy, epidemiological research, provider support, quality
measurements and cost reduction. Odysseus is an active member of
the Observational Health Data Sciences and Informatics"
(OHDSI) collaborative and is intimately involved in the open
standards and open science community through participation in
research and development, including OMOP CDM, open source tools and
methods.
"We're excited to join the EPAM family," said Gregory Klebanov, CEO of Odysseus. "With EPAM's
strong foundation in AI, machine learning, data analytics and data
management and cloud infrastructure combined with our healthcare
data analytics and Real World Evidence expertise, we can address
the whole life sciences value chain more comprehensively."
To learn more about how EPAM delivers value across the entire
spectrum of care with patient-centered solutions, visit
www.epam.com/industries/life-sciences-and-healthcare.
ABOUT EPAM SYSTEMS
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software
engineering expertise to become a leading global provider of
digital engineering, cloud and AI-enabled transformation services,
as well as a leading business and experience consulting partner for
global enterprises and ambitious startups. We address our clients'
transformation challenges by fusing EPAM Continuum's integrated
strategy, experience and technology consulting with our 30+ years
of engineering execution to speed our clients' time to market and
drive greater value from their innovations and digital
investments.
We deliver globally, but engage locally with our expert teams of
consultants, architects, designers and engineers, making the future
real for our clients, our partners and our people around the
world.
We believe the right solutions are the ones that improve
people's lives and fuel competitive advantage for our clients
across diverse industries. Our thinking comes to life in the
experiences, products and platforms we design and bring to
market.
Added to the S&P 500 and the Forbes Global 2000 in 2021 and
recognized by Glassdoor as a Best Workplace in 2023 and 2024, our
multidisciplinary teams serve customers across six continents. We
are proud to be among the top 15 companies in Information
Technology Services in the Fortune 1000 and to be recognized as a
leader in the IDC MarketScapes for Worldwide Experience Build
Services, Worldwide Experience Design Services and Worldwide
Software Engineering Services as well as a leader in the 2023
Gartner® Magic Quadrant™ for Custom Software
Development Services, Worldwide.*
Learn more at www.epam.com and follow us on
LinkedIn.
*Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
Forward-Looking Statements
This press release includes
estimates and statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, the accuracy of
which are necessarily subject to risks, uncertainties, and
assumptions as to future events that may not prove to be accurate.
Our estimates and forward-looking statements are mainly based on
our current expectations and estimates of future events and trends,
which affect or may affect our business and operations. These
statements may include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. Those future events and trends may relate to,
among other things, developments relating to the war in
Ukraine and escalation of the war
in the surrounding region, political and civil unrest or military
action in the geographies where we conduct business and operate,
difficult conditions in global capital markets, foreign exchange
markets and the broader economy, and the effect that these events
may have on customer demand and our revenues, operations, access to
capital, and profitability. Other factors that could cause actual
results to differ materially from those expressed or implied
include general economic conditions, the risk factors discussed in
the Company's most recent Annual Report on Form 10-K and the
factors discussed in the Company's Quarterly Reports on Form 10-Q,
particularly under the headings "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and
"Risk Factors" and other filings with the Securities and Exchange
Commission. Although we believe that these estimates and
forward-looking statements are based upon reasonable assumptions,
they are subject to several risks and uncertainties and are made
based on information currently available to us. EPAM undertakes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or
otherwise, except as may be required under applicable securities
law.
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SOURCE EPAM Systems, Inc.