EPAM Systems

EPAM Systems Competitive Intelligence & Landscape

epam.com ·

EPAM Systems
ForesightIQ Predictions

What is EPAM Systems likely to do next?

ForesightIQ connects EPAM Systems's hiring, product, web, ad, and market signals to forecast strategic moves — often months before they're announced.

Hiring signal

Senior hiring patterns point to a planned enterprise product line launching within two quarters.

High confidence · Next 1–2 quarters
Product signal

Quiet changes to docs and pricing pages signal an upcoming usage-based pricing tier and new API surface.

Likely · Next quarter
Market signal

Ad spend and partnership activity indicate a push into the mid-market segment across two new regions.

Plausible · Next 2–3 quarters
EPAM Systems Unlock EPAM Systems's predicted moves

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Overview

EPAM Systems Overview

EPAM Systems (epam.com) is a global leader in AI transformation engineering and integrated consulting, founded in 1993 in Princeton, NJ, USA, and headquartered in Newtown, PA, USA [https://www.epam.com/content/dam/epam/free_library/EPAM_Corporate_Overview_Q4_EOY.pdf]. The company serves a diverse target market, including over 345 Forbes Global 2000 clients and ambitious startups [https://www.epam.com/about].

EPAM empowers organizations to become AI-Native enterprises, leveraging its extensive expertise in custom software, product, and platform engineering [https://investors.epam.com/overview/default.aspx].

EPAM Systems differentiates itself through its software engineering heritage combined with strategic business and innovation consulting, design thinking, and physical-digital capabilities [https://www.epam.com/about]. The company's core services revolve around helping businesses reimagine themselves through a digital lens, providing solutions that drive measurable value from innovation and digital investments [https://investors.epam.com/overview/default.aspx]. Key offerings include AI/Run.Transform™ for accelerating AI-native enterprise-wide transformation and DIAL 3.0, an open-source GenAI enterprise platform [https://epam.com/].

EPAM also collaborates with industry leaders, such as Baker Hughes, to transform sectors like energy through advanced AI implementations [https://epam.com/].

With over 62,750 EPAMers across 55+ countries and regions, EPAM Systems is a significant player in the tech industry [https://www.epam.com/about]. As a U.S. domiciled company listed on the NYSE (NYSE:EPAM), it is included in the S&P 500 and Russell 1000 indexes [https://www.epam.com/content/dam/epam/free_library/EPAM_Corporate_Overview_Q4_EOY.pdf]. The company's mission is to partner with clients to anticipate disruption, thrive amid change, seize breakthrough opportunities, and drive revenue growth, providing expertise at every step of their transformation journey [https://www.epam.com/services].

Competitors

EPAM Systems Competitors

EPAM Systems (epam.com) operates in a highly competitive market, facing off against numerous IT consulting and services firms. One significant competitor is Accenture (ACN), a global professional services company that offers a broad range of services including strategy and consulting, interactive, technology, and operations. Accenture is known for its extensive global presence, large client base, and robust service offerings across various industries. While EPAM Systems often excels in niche, complex software engineering and product development, Accenture's broader portfolio and market share position it as a formidable rival, frequently serving larger enterprise clients and offering end-to-end solutions. Both companies compete for top-tier talent and large-scale digital transformation projects.

Another key competitor is Globant (GLOB), which shares a similar focus with EPAM Systems on digital and cognitive transformation, as well as software development. Globant distinguishes itself with a strong emphasis on innovation, design, and user experience, often working with clients to build disruptive digital products and platforms. While EPAM Systems is recognized for its deep engineering expertise and ability to tackle technically challenging projects, Globant’s strong cultural alignment and agile methodologies make it a compelling alternative, particularly for companies seeking highly creative and user-centric solutions. According to Comparably, Globant even outranks EPAM Systems in CEO Score.

IBM also stands as a significant competitor, offering a vast array of services including consulting, cloud, AI, and security solutions. Unlike EPAM Systems, which primarily focuses on software engineering and digital product development, IBM's portfolio extends to hardware, middleware, and extensive managed services. IBM leverages its long-standing reputation, extensive research capabilities, and global reach to attract clients, particularly in highly regulated industries. While EPAM Systems might be preferred for its specialized technical talent and agility in software development, IBM's comprehensive suite of services and historical market presence make it a powerful alternative for organizations seeking integrated solutions from a single vendor.

Deloitte (US) is another major player in the professional services landscape that competes with EPAM Systems. As part of the "Big Four" accounting firms, Deloitte offers extensive consulting services, including strategy, operations, human capital, and technology. While EPAM Systems is highly specialized in custom software development and digital transformation, Deloitte's strength lies in its ability to provide holistic business solutions, integrating technology with broader strategic, financial, and operational consulting. This comprehensive approach allows Deloitte to secure large, multifaceted engagements that might involve technology alongside other business transformations, differentiating it from EPAM Systems' more focused engineering and product development offerings. Furthermore, companies like Wipro Limited and Capgemini also present strong competition, offering broad IT services and vying for similar market segments.

Alternatives

EPAM Systems Alternatives

Product & Pricing

EPAM Systems Product and Pricing Intelligence

EPAM Systems (epam.com) offers a diverse range of product and pricing intelligence solutions, catering to various business needs from startups to large enterprises. While explicit pricing plans like "free vs paid tiers" are not universally published for all services, EPAM primarily provides custom solutions, professional services, and pre-packaged offerings. For instance, services like custom software development, software product development, and GenAI Assisted Engineering on their startups.epam.com site encourage users to "get a price quote" or "estimate project costs" after discussing their specific project requirements https://startups.epam.com/services/custom-software-development, https://startups.epam.com/services/software-product-development, https://startups.epam.com/services/gen-ai-assisted-engineering.

EPAM Systems also provides comprehensive pre-packaged offerings through their SolutionsHub, which are typically tailored to client needs rather than fixed pricing tiers. Examples include SAP SuccessFactors Recruiting, a flexible offering for full-cycle implementation of SAP SuccessFactors Recruiting solution https://solutionshub.epam.com/solution/sap-success-factors-recruiting, and SAP EWM S/4HANA Transformation Factory, which offers multiple service options like Brownfield conversion, Rapid Deployment Solution (RDS) implementation, and Greenfield implementation https://solutionshub.epam.com/solution/sap-ewm-s4hana-transformation-factory. These solutions are designed to adapt to a client's business and IT capabilities.

For services like Testing as a Service and Managed Detection and Response Service (MDR), EPAM Systems emphasizes a flexible capacity model.

Testing as a Service allows clients to purchase execution capacity for manual test cases or test automation scripts, rather than contracting for full-time project resources https://solutionshub.epam.com/solution/testing-as-a-service. Similarly, EPAM MDR provides proactive security monitoring and protection for systems, cloud environments, and IoT devices https://solutionshub.epam.com/solution/epam-mdrs. The cost for such services would depend on the scope and capacity required by the client.

Recent updates to EPAM's SolutionsHub in 2023 indicate a more user-friendly approach to understanding their offerings, with the introduction of a chatbot called Solvy. This AI Assistant helps users navigate the solutions, recommend software, services, or accelerators, and provide direct links to detailed information pages. These updates, including the introduction of "pricing offerings," suggest an ongoing effort to make their diverse service portfolio and associated costs more transparent and accessible to potential clients https://solutionshub.epam.com/blog/post/solutionshub-updates-2023.

EPAM's AI/RUN™ methodology, for example, integrates AI into engineering processes to accelerate the SDLC, offering customized features and products, with pricing likely structured around project scope and tailored solutions https://www.epam.com/services/artificial-intelligence/epam-ai-run-tm, https://www.epam.com/services/artificial-intelligence/ai-native-engineering.

Hiring & Layoffs

EPAM Systems Hiring and Layoffs

EPAM Systems (epam.com) demonstrates a dynamic and strategic approach to hiring, emphasizing growth in critical technology areas. While recent searches on their main careers page and specific country pages (like Discover Exciting Job Opportunities | EPAM Careers and Discover Exciting Job Opportunities | EPAM Careers) might initially show "0 out of 0 jobs found" for broad searches, this appears to be a display issue with the search functionality rather than a lack of opportunities. Deeper exploration reveals a robust hiring drive, particularly for specialized roles in various global locations. The company actively seeks talent across Americas, EMEA, and APAC regions, reflecting its global footprint and commitment to expanding its workforce Hiring Locations | EPAM Careers.

EPAM Systems is actively recruiting for highly skilled engineers and consultants to support its focus on architecting, building, and scaling leading-edge platforms for clients facing digital transformation Explore Professional Growth Opportunities | EPAM Careers. Notable job openings include roles like Software Engineer (AI / Python) in Singapore Software Engineer (AI / Python) | Hiring Now At EPAM, Software Engineer (Java/Kotlin, React) in Kuala Lumpur Software Engineer (Java/Kotlin, React) | Hiring Now At EPAM, and HIRING WEEK Senior Java Engineer (Hybrid) in Vietnam Careers for HIRING WEEK Senior Java Engineer | EPAM. They also list positions like Senior JavaScript Engineer (React) for remote work in Ukraine Senior JavaScript Engineer (React) in Ukraine - Remote Position with EPAM - Apply Today!. The emphasis on AI, Python, Java, Kotlin, React, and DevOps in their United States listings signals a strategic investment in cutting-edge technologies to meet market demands Java, DevOps, AI, Testing, Cloud & Software Engineering Jobs | EPAM.

The consistent offering of roles in specialized engineering and consulting fields indicates that EPAM Systems is strategically expanding its capabilities to deliver complex digital solutions. Their commitment to growth is evident in the variety of roles and global locations, despite no explicit information on recent layoffs found in the provided sources. The company encourages prospective employees to use their "Find Me A Job" service for personalized matches with open positions, highlighting a proactive approach to talent acquisition Open Apply | EPAM. This sustained hiring in key technology areas underscores EPAM Systems' strategy to solidify its position as a leader in engineering and IT consulting services, adapting to evolving client needs in a rapidly digitizing market.

Leadership

EPAM Systems Management and Leadership Team

EPAM Systems (epam.com) boasts a leadership team rich with extensive industry experience and a global outlook, driving the company's strategic direction and operational excellence [https://www.epam.com/about/who-we-are/leadership]. At the helm is Balazs Fejes, who serves as the Chief Executive Officer & President [https://www.epam.com/about/who-we-are/leadership/executive-management/balazs-fejes]. Prior to assuming the CEO role, Mr. Fejes was EPAM's President of Global Business and Chief Revenue Officer, where he managed client engagement and oversaw global business operations [https://www.epam.com/about/who-we-are/leadership/executive-management/balazs-fejes]. The company's principal founder, Arkadiy Dobkin, holds the position of Executive Chairman, remaining actively involved in shaping EPAM’s long-term strategy and maintaining crucial relationships with clients, partners, and investors [https://www.epam.com/about/who-we-are/leadership/executive-management/arkadiy-dobkin]. This dual leadership structure ensures both continuity and forward-thinking evolution.

Key members of the EPAM Systems executive management include Jason Peterson, who serves as Chief Financial Officer, SVP & Treasurer, leading the company's global finance, corporate development, and procurement organizations [https://www.epam.com/about/who-we-are/leadership/executive-management/jason-peterson].

Elaina Shekhter is the Chief Strategy & Transformation Officer, SVP, responsible for advancing EPAM's growth strategy and continuous transformation across various practices [https://www.epam.com/about/who-we-are/leadership/executive-management/elaina-shekhter]. These executives, alongside others, contribute to EPAM's positioning as a leader in digital transformation services and product engineering [https://investors.epam.com/overview/default.aspx].

The EPAM Systems Board of Directors provides essential oversight and strategic guidance. Beyond the Executive Chairman and CEO, the board includes members such as Richard Michael Mayoras, who serves as the Lead Independent Director on the Nominating & Corporate Governance Committee. Other notable board members are DeAnne Aguirre, Chandra McMahon, Eugene Roman, and Robert Segert, each contributing their expertise across various committees like Audit, Compensation, and Nominating & Corporate Governance [https://investors.epam.com/leadership-and-governance/default.aspx]. This diverse board composition reflects EPAM's commitment to robust governance and strategic direction as it continues to grow as a global leader in AI transformation engineering.

Financials

EPAM Systems Financial Performance, Fundraising, M&A

EPAM Systems (epam.com), a global leader in AI transformation engineering and integrated consulting, demonstrates robust financial performance as a publicly traded company on the NYSE under the ticker EPAM. For the full year 2023, EPAM reported revenues of $4.691 billion [https://investors.epam.com/news/news-details/2024/EPAM-Reports-Results-for-Fourth-Quarter-and-Full-Year-2023/default.aspx], with a Non-GAAP Diluted EPS 3-Year & 5-Year CAGR of 19% [https://www.epam.com/content/dam/epam/free_library/EPAM_Corporate_Overview_Q4_EOY.pdf]. In 2024, the company's full-year revenues reached $4.728 billion, reflecting a 0.8% year-over-year increase, with Non-GAAP Diluted EPS at $2.84, up 3.3% year-over-year [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-Fourth-Quarter-and-Full-Year-2024/default.aspx]. The company maintains strong profitability, with Non-GAAP Income from Operations at 16.5% of revenues for the full year 2024 [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-Fourth-Quarter-and-Full-Year-2024/default.aspx].

Looking ahead, EPAM Systems projects continued growth, raising its full-year expected revenue growth rate for 2025 to a range of 14.8% to 15.2%, with a midpoint of 15.0% year-over-year growth [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-Third-Quarter-2025-and-Raises-Full-Year-Revenue-and-EPS-Outlook/default.aspx]. This optimism is supported by strong quarterly results, including third-quarter 2025 revenues of $1.394 billion, up 19.4% year-over-year [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-Third-Quarter-2025-and-Raises-Full-Year-Revenue-and-EPS-Outlook/default.aspx]. For the full year 2025, EPAM reported revenues of $5.457 billion, up 15.4% year-over-year, and Non-GAAP Diluted EPS of $3.26, a significant increase of 14.8% year-over-year [https://investors.epam.com/news/news-details/2026/EPAM-Reports-Results-for-Fourth-Quarter-and-Full-Year-2025/default.aspx]. The consistent upward revision of revenue outlooks underscores EPAM's robust financial health and strong organic growth [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-First-Quarter-2025-and-Raises-Full-Year-Revenue-Outlook/default.aspx].

EPAM Systems is included in prestigious market indexes such as the S&P 500 and Russell 1000, reflecting its significant market capitalization and stability [https://www.epam.com/content/dam/epam/free_library/EPAM_Corporate_Overview_Q4_EOY.pdf]. While specific fundraising rounds or valuations for EPAM are not prominently highlighted in recent investor materials, its public listing and consistent revenue growth serve as key indicators of its financial strength. The company's focus remains on strategic growth, leveraging its expertise in custom software, product and platform engineering, and AI-native enterprise transformation [https://investors.epam.com/overview/default.aspx]. Its ability to consistently return capital and achieve sustained profitability further demonstrates its sound financial management [https://investors.epam.com/news/news-details/2025/EPAM-Reports-Results-for-Third-Quarter-2025-and-Raises-Full-Year-Revenue-and-EPS-Outlook/default.aspx].

Partnerships

EPAM Systems Partnerships, Clients and Vendors

EPAM Systems (epam.com) cultivates a robust ecosystem of over 150 software and technology partnerships, empowering clients to thrive as adaptive enterprises [epam.com/services/partners]. These collaborations are crucial for delivering agile and resilient solutions in a rapidly evolving landscape. Notably, EPAM holds Platinum Partner status with commercetools, demonstrating growing expertise in composable technologies, and is a globally recognized Adobe Platinum Partner for over 12 years, specializing in Adobe Experience Manager (AEM) and Adobe Commerce [epam.com/services/partners, epam.com/services/partners/adobe]. Furthermore, EPAM is a Trusted SAP Platinum Partner, leveraging SAP solutions to facilitate cloud-based digital transformation and unlock business innovations for its clients [epam.com/services/partners/sap].

EPAM Systems maintains significant relationships with major cloud and technology providers. For more than 15 years, Google has relied on EPAM to support its platforms, with EPAM proudly holding Premier Partner status with Google Cloud since 2018 [epam.com/services/partners/google-cloud]. Similarly, EPAM is an AWS Premier Tier Services Partner, a status achieved in 2022 after partnering with Amazon Web Services since 2012 to deliver secure, scalable, and intelligent solutions [epam.com/services/partners/aws]. As a Microsoft Global Systems Integrator (GSI) partner, EPAM helps customers translate AI aspirations into measurable business growth by enabling widespread AI adoption [epam.com/services/partners/microsoft].

Beyond technology partnerships, EPAM Systems engages in strategic client collaborations to drive innovation across various sectors. A key example is its expanded engagement with Baker Hughes, announced in February 2025, to revolutionize the energy sector through advanced AI implementations [epam.com/about/newsroom/press-releases/2025/epam-and-baker-hughes-collaborate-to-transform-the-energy-sector-leveraging-advanced-ai-implementations]. This collaboration has already seen EPAM, in conjunction with Baker Hughes and AWS, develop and pilot digital assistants to enhance productivity and insights, establishing a repeatable framework for future Generative AI initiatives [epam.com/services/client-work/leveraging-genai-to-increase-productivity]. Additionally, EPAM partnered with Cepheid to transform its sales process, delivering composable eCommerce solutions with strategic partners like commercetools, AWS, and Adobe [epam.com/services/client-work/accelerating-healthcare-solutions-with-b2b-ecommerce].

EPAM also works closely with Contentful to innovate digital experiences, reduce development costs, and accelerate time-to-market for clients [epam.com/services/partners/contentful].

Events

EPAM Systems Event Participations

EPAM Systems actively participates in a diverse range of events, including conferences, trade shows, and webinars, to connect with clients, partners, and the broader industry [epam.com/about/who-we-are/events]. Their engagement spans various sectors, demonstrating their commitment to innovation and thought leadership. These events provide crucial platforms for EPAM Systems to showcase their expertise and cutting-edge solutions.

Looking ahead, EPAM Systems has a robust schedule of upcoming events. They will be attending significant industry gatherings such as Shoptalk Spring 2026 in Las Vegas, NV, and the ASU+GSV Conference 2026 in San Diego, CA [epam.com/about/who-we-are/events/2026/meet-epam-asu-gsv-conference-2026]. Additionally, EPAM Systems is slated to participate in ServiceNow’s Knowledge 2025 Conference in Las Vegas, NV [epam.com/about/who-we-are/events/2025/epam-at-servicenows-knowledge-2025-conference-accelerating-innovation-together], and Elevate — The Global Commerce Summit™ 2025 in Miami Beach, FL, where they will highlight solutions built on composable commerce [epam.com/about/who-we-are/events/2025/transform-your-commerce-experience-with-epam-at-elevate-the-global-commerce-summit]. Further engagements include Google Cloud Next ‘25 [epam.com/about/who-we-are/events/2025/join-epam-at-google-cloud-next-25] and The Composable Conference in 2025 [epam.com/about/who-we-are/events/2025/the-composable-conference]. They also host dedicated investor events, such as EPAM’s Investor Day 2026 (Virtual) [investors.epam.com/events/event-details/2026/EPAMs-Investor-Day-2026-Virtual-2026-DPZqmT1oWj/default.aspx].

In addition to in-person conferences and trade shows, EPAM Systems frequently hosts and participates in webinars covering crucial industry topics. Recent examples include the "2024 Top Trends in AI & Automation Webinar" [epam.com/insights/webinars/2024-top-trends-in-ai-and-automation-webinar] and "Retail Reimagined: Expert Perspectives on AI Insights & Trends" [epam.com/insights/webinars/retail-reimagined-expert-perspectives-on-ai-insights-and-trends]. These virtual events allow EPAM Systems to share insights, discuss emerging trends, and engage with a global audience on critical subjects like AI, automation, and platform development. Earlier in 2024, EPAM Systems also participated in the Annual Trade Conference NAB in Las Vegas [epam.com/about/who-we-are/events/2024/join-epam-at-nab-2024].

Frequently Asked Questions

What do EPAM Systems's recent financial projections signal about their growth trajectory?

EPAM Systems is projecting sustained and accelerating growth, with a full-year 2025 revenue growth rate raised to a midpoint of 15.0% year-over-year. This follows a 15.4% year-over-year revenue increase in 2025 to $5.457 billion and a 3.3% increase in Non-GAAP Diluted EPS in 2024, indicating strong organic growth and robust financial health.

What do EPAM Systems's latest hiring patterns suggest about their strategic technology focus?

EPAM Systems's hiring patterns indicate a strategic investment in cutting-edge technologies, particularly AI, Python, Java, Kotlin, React, and DevOps. The company is actively recruiting for highly skilled engineers and consultants across global locations to architect, build, and scale leading-edge platforms for clients undergoing digital transformation, underscoring its focus on complex digital solutions.

How does EPAM Systems's leadership structure, with Balazs Fejes as CEO and Arkadiy Dobkin as Executive Chairman, influence its strategic direction?

EPAM Systems's dual leadership structure, with Balazs Fejes as CEO & President and founder Arkadiy Dobkin as Executive Chairman, ensures both continuity and forward-thinking evolution. Fejes, with his background as President of Global Business and Chief Revenue Officer, drives operational excellence and client engagement, while Dobkin remains actively involved in shaping long-term strategy and key relationships, balancing day-to-day execution with foundational vision.

What is EPAM Systems's core competitive differentiator in the market?

EPAM Systems differentiates itself through its deep software engineering heritage combined with strategic business and innovation consulting, design thinking, and physical-digital capabilities. This enables them to help clients become AI-Native enterprises by leveraging expertise in custom software, product, and platform engineering, and delivering solutions that drive measurable value from digital investments.

What do EPAM Systems's recent partnerships, particularly with Baker Hughes, signal about their sector-specific strategy?

EPAM Systems's expanded engagement with Baker Hughes signals a strategic focus on transforming specific industry sectors, particularly energy, through advanced AI implementations. This collaboration has already led to the development and piloting of digital assistants to enhance productivity, establishing a repeatable framework for future Generative AI initiatives and demonstrating EPAM's commitment to sector-specific AI transformation.

How does EPAM Systems's approach to product and pricing reflect its target market strategy?

EPAM Systems's product and pricing strategy is tailored to a diverse target market, from startups to large enterprises, by offering custom solutions, professional services, and pre-packaged offerings. Instead of fixed tiers, pricing is typically project-specific, requiring clients to get a price quote based on their unique requirements, which indicates a focus on complex, high-value engagements rather than commoditized services.

What does EPAM Systems's frequent participation in industry events like Shoptalk and ASU+GSV Conference indicate about their market positioning?

EPAM Systems's frequent participation in a diverse range of industry events like Shoptalk Spring 2026, ASU+GSV Conference 2026, and ServiceNow's Knowledge 2025 indicates a commitment to thought leadership and showcasing cutting-edge solutions across various sectors. This strategic engagement helps them connect with clients, partners, and the broader industry, reinforcing their market position as an innovator in digital transformation and AI.

How do EPAM Systems's key cloud partnerships, such as with Google Cloud, AWS, and Microsoft, support its AI transformation strategy?

EPAM Systems's key cloud partnerships with Google Cloud (Premier Partner since 2018), AWS (Premier Tier Services Partner since 2022), and Microsoft (Global Systems Integrator partner) are crucial for its AI transformation strategy. These collaborations enable EPAM to deliver secure, scalable, and intelligent solutions, supporting widespread AI adoption for customers and helping them translate AI aspirations into measurable business growth by leveraging robust cloud infrastructure.

How does EPAM Systems's focus on 'AI transformation engineering' differentiate it from competitors like Accenture and Globant?

EPAM Systems's focus on 'AI transformation engineering' differentiates it by leveraging its software engineering heritage to empower organizations to become 'AI-Native enterprises,' with offerings like AI/Run.Transform™ and the DIAL 3.0 GenAI platform. While competitors like Accenture offer broad services and Globant emphasizes design, EPAM specifically positions its deep engineering expertise to build and scale AI-driven platforms and solutions.

What is the significance of EPAM Systems being included in the S&P 500 and Russell 1000 indexes?

EPAM Systems's inclusion in the S&P 500 and Russell 1000 indexes signifies its significant market capitalization, financial stability, and established presence in the public market. This inclusion reflects its robust financial health as a U.S. domiciled, NYSE-listed company and enhances its visibility and attractiveness to institutional investors.

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