New AI-powered solutions address generative
AI, legacy modernization and data analytics to solve
industry-specific challenges
NEWTOWN,
Pa., Jan. 15, 2025 /PRNewswire/ -- EPAM
Systems, Inc. (NYSE: EPAM), a leading digital
transformation services and product engineering company, today
announced it has expanded its strategic partnership with Google
Cloud to deliver innovative industry solutions for clients
across the media and entertainment, energy and retail verticals.
The enhanced collaboration will leverage Google Cloud's Vertex AI
platform to drive measurable business outcomes for clients through
generative AI, legacy modernization and data analytics
capabilities.
Building upon EPAM's existing strategic global partnership
with Google Cloud, this strengthened collaboration will create
repeatable, high-value solutions that address key industry
challenges for clients. The collaboration enables marketing support
and go-to-market strategies to deliver impactful digital
transformation initiatives for EPAM's Google Cloud clients.
To accelerate regional growth, EPAM will leverage its deep
retail, energy and media industry expertise and regional talent
footprint across Ibero markets through its acquisition of
Neoris. The Company will also expand its financial services
offerings across Europe,
North America and APAC through its
recent acquisition of First Derivative, delivering strong
capabilities in banking and capital markets.
"We are excited to elevate our collaboration with Google Cloud,
which enables us to deliver tailored, AI-powered solutions for our
clients across top verticals such as energy, media and retail,"
said Elaina Shekhter, Chief Marketing & Strategy Officer,
EPAM. "By leveraging Google Cloud's advanced AI technologies,
enabled by the Vertex AI platform, we can drive measurable business
outcomes and enhance customer value, making AI real for our
clients. This expanded partnership not only strengthens our ability
to create industry-specific solutions but also deepens our
relationship with Google Cloud, enabling us to align more closely
on delivering impactful, scalable results for our customers."
EPAM's expanded partnership with Google Cloud introduces four
innovative solutions, leveraging the full power of Google Cloud and
the Vertex AI platform. These include three new industry-specific
solutions and one cross-industry capability:
- Video Search and Indexing for Media and Entertainment:
Transform unstructured video data into searchable, actionable
insights using the Vertex AI platform, improving accessibility and
audience engagement for both internal and external users.
- JenAii™ for Retail: Enhance customer
satisfaction and boost sales with wayfinding assistance and
customer education, while addressing staffing shortages and margin
pressures for retailers.
- Geospatial Data Visualization for Energy: Drive better
decision-making through intuitive visualization and analysis of
complex datasets using EPAM and the Google Cloud Platform, powered
by Gemini models.
- Talk to Your Data: Simplify data analysis with a
horizontal solution that enables clients to interact with their
data in plain language, transforming complex datasets into clear,
actionable visualizations and reports.
"EPAM has helped global enterprises improve everyday operations
with Google Cloud's leading AI technology," said Colleen Kapase, VP
of Channels and Partner Programs, Google Cloud. "Through this next
phase of our partnership, EPAM will provide customers with the
expertise and services capacity required to successfully plan,
deploy and optimize every stage of a generative AI project."
For more information about EPAM's partnership with Google
Cloud and the new industry solutions, please visit:
www.epam.com/services/partners/google-cloud.
Discover how our expanded partnership is driving digital
transformation and how we can empower your business to achieve
lasting success: www.epam.com.
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 focusing 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, Worldwide Experience Design Services and Worldwide
Software Engineering Services.
Learn more at www.epam.com and follow us
on LinkedIn.
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 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 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.
