Draft:EPAM Systems, Inc.

EPAM Systems, Inc.

Type	Public
Traded as	NYSE: EPAM
Industry	IT consulting Software engineering
Founded	1993 (1993)
Founders	Arkadiy Dobkin Leonid Lozner
Headquarters	Newtown, Pennsylvania , United States
Key people	Balazs Fejes (president and CEO) Arkadiy Dobkin (executive chairman)
Revenue	US$5.46 billion (2025)
Number of employees	62,850 (2025)
Website	epam.com

EPAM Systems, Inc. is an American information technology consulting and software engineering company headquartered in Newtown, Pennsylvania. It provides services including technology consulting, cloud and artificial-intelligence transformation, and software engineering.

History

EPAM was founded in 1993 by Belarusian-born software engineers Arkadiy Dobkin and Leonid (Leo) Lozner. Dobkin operated from New Jersey, while Lozner was based in Minsk, Belarus. The initials originally stood for "Effective Programming for America".

In 2004, EPAM merged with Fathom Technology, a Budapest-based software-services company with approximately 160 employees. The combined business retained the EPAM name.

EPAM completed an initial public offering on the New York Stock Exchange in February 2012. Later that year, it acquired the Toronto software consultancy Thoughtcorp for $17 million and the Conshohocken digital agency Empathy Lab for an undisclosed amount.

In 2018, EPAM acquired the Boston design consultancy Continuum and the British digital agency TH_NK.

Fortune included EPAM in its list of the 100 fastest-growing companies in 2019, 2020 and 2021. In 2023, Forbes ranked the company 104th on its list of America's 200 most cybersecure companies.

In 2024, EPAM acquired the technology consultancy NEORIS and the consulting business of FD Technologies. The FD Technologies transaction was valued at $300.9 million.

On 1 September 2025, Balazs Fejes succeeded Dobkin as chief executive. Dobkin became executive chairman.

Response to the Russian invasion of Ukraine

At the beginning of the Russian invasion of Ukraine in 2022, EPAM employed approximately 14,000 people in Ukraine and 18,000 in Russia and Belarus. Bloomberg and Forbes reported internal disagreement after an initial public statement by Dobkin called for an end to the war without naming Russia or Vladimir Putin. Dobkin said that the company's public language was intended in part to protect employees in Russia and Belarus from possible reprisals.

In March 2022, EPAM said it would stop serving customers in Russia and commit $100 million to support its Ukrainian employees and their families. The following month, it began a phased withdrawal from Russia while stating that it would continue operating in Belarus.

2024 security allegation

In June 2024, Wired reported a hacker's claim that credentials obtained from the computer of an EPAM employee had been used to access Snowflake customer accounts, including Ticketmaster's. Wired said it could not independently confirm that the hackers had entered the employee's computer or had used EPAM to obtain access to the accounts. EPAM denied involvement, said that the person had not worked for the company since 2021, and stated that its internal investigation found no evidence that the attackers had accessed its assets, production systems or source code.