Recognized for Completeness of Vision and
Ability to Execute
NEWTOWN,
Pa., Oct. 29, 2024 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital transformation
services and product engineering company, today announced that
Gartner has positioned it as a Leader in the Magic Quadrant™ for
Custom Software Development Services.
"We believe this placement reflects EPAM's ability to help our
clients build new solutions, modernize existing ones and leverage
significant investments in GenAI to enhance our service delivery,"
said Elaina Shekhter, Chief
Marketing and Strategy Officer at EPAM.
"Gartner has recognized us, for what we believe is a leading
vendor in modernizing and creating next-generation products and
platforms," said Eli Feldman, CTO,
Advanced Technologies at EPAM. "We feel this recognition highlights
our expertise in accelerating custom software development
[engineering] solutions using the most modern technologies,
including Generative AI, machine learning, cloud-native, composable
architecture, API-first, microservices, serverless, data-mesh,
multi-experience, hyperautomation, blockchain and IoT to deliver
reliable, scalable solutions to help our clients succeed."
A Gartner Magic Quadrant is a culmination of research in a
specific market, giving readers a wide-angle view of the relative
positions of the market's competitors. By applying a graphical
treatment and a uniform set of evaluation criteria, a Magic
Quadrant helps clients quickly ascertain how well technology
providers are executing their stated visions and how well they are
performing against Gartner's market view.
See in the report below what EPAM was recognized for including
composable software, leveraging Generative AI and positive client
experience - Download the full report here.
To learn more about EPAM's approach to modern engineering,
visit epam.com/services/engineering.
GARTNER is a registered trademark and service mark and MAGIC
QUADRANT is a registered trademark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
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.
Gartner, Magic Quadrant for Custom Software Development
Services, Gunjan Gupta, Jaideep Thyagarajan, Katie Gove, Will
Grant, Luis Pinto,
15 October 2024
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, and 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 make GenAI real with our AI LLM orchestration, testing and
engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™,
respectively.
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 and Newsweek as a Top 100 Best Workplace,
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, and Worldwide Experience Design Services and Worldwide
Software Engineering Services.
Learn more at www.epam.com follow us on LinkedIn.
Forward-Looking Statements
This press release includes
certain 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. Such
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, the closing of the Acquisition, which may not close
on the terms or timing anticipated, or at all, the satisfaction or
waiver of any conditions to the closing of the Acquisition, the
anticipated impacts or benefits of the Acquisition, 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 client 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 our most recent Annual Report on Form
10-K and the factors discussed in our 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 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.