EPAM Acquires Digital Strategy and Execution Firm, Empathy Lab
(Thomson Reuters ONE) -
Strengthens Position as Global Provider of End-to-End Digital Services and
Multi-Channel Solutions
Newtown, PA - December 18, 2012 - EPAM Systems, Inc. (NYSE: EPAM), a leading
provider of complex software engineering solutions and a leader in Central and
Eastern European IT service delivery, today announced it has acquired Empathy
Lab, a digital strategy and multi-channel experience design firm.
Founded in 2005, Empathy Lab is a recognized leader in both eCommerce and
Digital Media and Entertainment. Empathy Lab most recently launched Horizon
Online for Liberty Global, one of the most advanced multi-device TV-Everywhere
applications. Empathy Lab has also recently helped relaunch www.RedCross.org,
transforming their digital experience using best-of-breed retail strategies and
technologies, helping to advance their mission by mobilizing the power of their
volunteers and the generosity of donors through the digital medium. Empathy
Lab's other clients include AIG, Sentara Health Systems, CHUBB, NBC Universal,
TJX, DirecTV, PepBoys, Avon, Philosophy, Comcast and many other leading brands.
Arkadiy Dobkin, CEO and President of EPAM said, "We are excited about the
acquisition of Empathy Lab, which complements our strong capabilities in global
delivery of software engineering services with the proven expertise in two
important growth areas - development and execution of enterprise-wide Commerce
initiatives and transformation of Media consumption and distribution channels.
In addition to strengthening our Travel and Consumer and Business Information
and Media verticals, Empathy Lab brings significant expertise in digital
marketing strategy consulting and program management."
"Empathy Lab matches our investment criteria for strategic fit, accretion and
manageable execution risk. As part of our ongoing growth strategy, we will
continue to evaluate opportunities to deepen our industry expertise and
technology capabilities necessary to deliver complex mission-critical
solutions," continued Dobkin.
Empathy Lab CEO Kevin Labick said, "We believe Empathy Lab's strategy and
experience design services, along with our deep understanding of enterprise
eCommerce and video platforms paired with EPAM's world-class engineering
solutions uniquely positions us to drive unparalleled ROI for Fortune 500
organizations world-wide."
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) provides
software engineering solutions through its leading Central and Eastern European
service delivery platform. Headquartered in the United States, EPAM employs over
8,100 IT professionals and serves clients worldwide from its locations in the
United States, Canada, UK, Switzerland, Germany, Sweden, Belarus, Hungary,
Russia, Ukraine, Kazakhstan, and Poland.
EPAM is recognized among the top companies in IAOP's "The 2012 Global
Outsourcing 100," featuring EPAM in a variety of sub-lists, including "Leaders-
Companies in Eastern Europe." The company is also ranked among the best global
service providers on "The 2012 Global Services 100" by Global Services Magazine
and Neogroup, which names EPAM "Leaders-Global Product Development" category.
For more information, please visit www.epam.com.
Forward-Looking Statements
This press release includes 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. Factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions and the factors
discussed in our most recent Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. 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.
Contacts:
EPAM Systems, Inc.
Ilya Cantor, Chief Financial Officer
Phone: +1-267-759-9000 x64588
Fax: +1-267-759-8989
E-mail: investor_relations(at)epam.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EPAM Systems, Inc. via Thomson Reuters ONE
[HUG#1666193]
Unternehmensinformation / Kurzprofil:
Datum: 19.12.2012 - 03:44 Uhr
Sprache: Deutsch
News-ID 214163
Anzahl Zeichen: 5254
contact information:
Town:
Newtown (PA)
Kategorie:
Business News
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