VisiQuate and EPAM Launch Big Data Innovation Lab
(Thomson Reuters ONE) -
Newtown, PA - September 12, 2013 - EPAM Systems, Inc. (NYSE:EPAM), a leading
provider of complex software engineering services and solutions, and a leader in
Central and Eastern European IT delivery, announced the launch of a joint Big
Data Innovation Lab with VisiQuate, a company that delivers dynamic SaaS
enterprise performance management and business analytics solutions. The
innovation lab was created to experiment with Big Data opportunities, advanced
predictive sciences and the detection of complex business outliers, exceptions
and anomalies. Initially, the companies are targeting the Healthcare and Energy
sectors.
According to Founder & CEO of VisiQuate, Brian Robertson, "We are continuously
innovating to bring new business value to our clients. By joining forces with
EPAM, who offers deep technical expertise and a proven track record of
delivering high performance engineering results, we anticipate being able to
rapidly tackle complex data challenges that are likely to bring immense value to
our shared clients."
Rich Waller, VisiQuate's, Chief Technology Officer, added "In our Healthcare
vertical, we are hoping to leverage our Big Data initiatives to further refine
the power of our Enterprise Analytics platform, to achieve advanced outcomes
across clinical, financial and operational functional areas, including solving
complex industry challenges, such as the prevention of costly patient re-
admissions."
Other mutual goals include producing blueprint models designed to enable rapid
delivery of an elastic, highly secure, and scalable cloud-based Big Data
Ecosystem. To jump-start the effort, VisiQuate will contribute domain level
expertise and industry related data sets. EPAM will provide advanced hardware,
architecture, and other top-tier engineering resources, including applied
mathematicians from Central and Eastern Europe.
Both companies have a long-term vision of establishing more comprehensive
University Connection programs with leading Universities in Central and Eastern
Europe to be able to meet the rapidly growing demand for solutions and talent
across vertical industries related to Big Data. The programs will encourage
students in data science, applied mathematics and computer science majors to
pursue Big Data, Business Intelligence ("BI"), and Analytics career paths.
Karl Robb, Executive Vice President of EPAM Systems Group, further added: "As a
strategic partner to VisiQuate, we are excited about the opportunity to further
deepen our experience in the BI and Big Data space. We are highly confident in
our combined abilities to bring advanced data insight and value-rich predictive
analytics to key industry verticals. Collaboration with accomplished industry
domain experts is a big part of our vision for delivering next generation
services to EPAM's clients."
About VisiQuate
Founded in 2009, VisiQuate delivers dynamic SaaS performance management
solutions that transform decision-making throughout the enterprise, bridging the
gap between Business Analytics and real-world results. Going beyond traditional
Business Analytics, VisiQuate's clients also benefit from the successful
integration of actionable workflow, guided eLearning solutions, and a rich
complement of industry domain experts who work closely with VisiQuate's clients
to help them achieve the best performance outcomes. Headquartered in Santa Rosa,
CA, VisiQuate currently serves clients in healthcare, financial services, and
other industries.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM), provides complex
software engineering solutions through its award-winning Central and Eastern
European service delivery platform. Headquartered in the United States, EPAM
employs approximately 8,900 IT professionals and serves clients worldwide from
its locations in the United States, Canada, UK, Switzerland, Germany, Sweden,
Netherlands, Belarus, Hungary, Russia, Ukraine, Kazakhstan, and Poland.
EPAM is ranked #6 on the 2013 Forbes "America's 25 Fastest-Growing Tech
Companies" list and is recognized among the leaders in software product
development services by Forrester and Zinnov analysts. The company is also
included in the top 30 outsourcing service providers in IAOP's "The 2013 Global
Outsourcing 100" list.
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.
Contact:
EPAM Systems, Inc.
Joseph King, Vice President of Marketing
Phone: +1-267-759-9000 x56790
Fax: +1-267-759-8989
prinquiry(at)epam.com
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: EPAM Systems, Inc. via Thomson Reuters ONE
[HUG#1728748]
Unternehmensinformation / Kurzprofil:
Datum: 12.09.2013 - 15:00 Uhr
Sprache: Deutsch
News-ID 296090
Anzahl Zeichen: 6409
contact information:
Town:
Newtown (PA)
Kategorie:
Business News
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