EPAM Systems : Enhances Global Delivery Capabilities and Extends Footprint in China with Acquisition of Dextrys
June 22, 2016 at 04:00 am EDT
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Newtown, PA - June 22, 2016 - EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, announced today its acquisition of Dextrys, a global provider of software engineering and application services. In addition to EPAM's existing locations in Shenzhen and Hong Kong, the acquisition adds delivery centers in Suzhou, Shanghai and Guangzhou, strengthening EPAM's existing presence in China.
Headquartered in Newburyport, MA, Dextrys offers software development, onsite project management, architecture and test automation capabilities and works with clients in the consumer product goods, software technology, manufacturing and retail industries.
'The alignment between Dextrys and EPAM provides new opportunities and benefits to our customers, business partners and shareholders,' said Balazs Fejes, Co-Head of Global Business, EPAM. 'We extend a warm welcome to the employees and customers of Dextrys and believe that the synergies between our companies will allow us to take advantage of the explosion of technology opportunities in China. The additional delivery locations in China will also allow us to deliver better experiences to our clients' onsite and build more productive relationships.'
'EPAM and Dextrys are well-aligned in our service offerings and our customer-centric delivery cultures. I'm confident that our employees will experience a smooth transition with the EPAM team, and that our clients will be well served,' said William Murphy, CEO of Dextrys. 'Dextrys has over ten years of experience successfully delivering software services to both multinational and domestic China clients, and we look forward to working with EPAM to continue to help clients meet their goals.'
EPAM Systems Inc. published this content on 22 June 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 June 2016 08:00:04 UTC.
Original documenthttps://www.epam.com/about/news-and-events/press-releases/2016/epam-enhances-global-delivery-capabilities-and-extends-footprint-in-china-with-acquisition-of-dextrys
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EPAM Systems, Inc. specializes in the development and marketing of advanced digital solutions for companies and organizations. The group offers software engineering services, development and management of digital platforms, maintenance and optimization of IT infrastructures, consulting to companies, etc. Net sales break down by activity area as follows:
- travel, transport and retail (22.9%);
- financial services (21.7%);
- information services and media (16.1%);
- software and technology (15.1%);
- life sciences and health (10.4%);
- other (13.8%).
Net sales are distributed geographically as follows: the United States (56.2%), the United Kingdom (12.5%), Switzerland (7.8%), the Netherlands (5%), Germany (3.8%), Canada (2.1%), Russia (0.3%), and other (12.3%).