EPAM Named 'Star Performer' and 'Major Contender' in Everest Group's Peak Matrix for IT Outsourcing in Capital Markets
(Thomson Reuters ONE) -
NEWTOWN, Pa., Nov. 11, 2015 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM),
a leading global provider of product development and software engineering
solutions, announced today that it has been named 'Major Contender' and 'Star
Performer' on Everest Group's PEAK Matrix(TM) for Capital Markets AO in Europe
in the report 'IT Outsourcing in European Banking and Capital Markets - Service
Provider Landscape with PEAK Matrix(TM) Assessment 2015.
In the report, Everest analyzed 18 capital markets AO service providers, and
identified EPAM as a '2015 European Capital Markets AO Market Star Performer.'
This was based on the relative year-over-year movement of different service
providers on the PEAK Matrix.
"Being recognized as a Major Contender and Star Performer by Everest Group in
Capital Markets in Europe is a reflection of the confidence our clients have in
us and our commitment to delivering valuable solutions and expertise to our
Investment Banking and Wealth Management clients," said Balazs Fejes, SVP, Co-
Head of Global Business, EPAM. "In the current global economic environment where
banks are employing a dual strategy of focusing on revenue expansion and cost
control, we are continuing to make investments in differentiating service
capabilities, platforms and innovative technologies to help our customers
succeed."
The PEAK Matrix is a framework to assess the relative market success and overall
capability of service providers. Service providers are positioned on the PEAK
Matrix based on evaluation across two key dimensions:
* Market success measured by the ACV of large active AO deals, number of large
active AO deals in Europe, yearly vertical specific AO revenue growth, and
number of new AO contracts signed in Europe.
* Delivery capability measured by scale of operations, scope, domain
investment, delivery footprint and innovation.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) is recognized as a leader in
software product development by independent research agencies. Headquartered in
the United States, EPAM serves clients worldwide utilizing its award-winning
global delivery platform and its locations in over 20 countries across North
America, Europe, Asia and Australia. EPAM was ranked #6 in America's 25 Fastest-
Growing Tech Companies and #3 in America's Best Small Companies lists by Forbes
Magazine.
For more information, please visit http://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.
Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz(at)epam.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1966197]
Unternehmensinformation / Kurzprofil:
Datum: 11.11.2015 - 16:18 Uhr
Sprache: Deutsch
News-ID 433863
Anzahl Zeichen: 4276
contact information:
Town:
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Kategorie:
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