Company Overview
About EPAM Systems
EPAM Systems, Inc. is a Newtown, Pennsylvania-based software engineering and IT services company — publicly traded on the New York Stock Exchange (NYSE: EPAM) as an S&P 500 Information Technology component — providing software product development, digital platform engineering, cloud migration, AI/ML implementation, and enterprise application services to global corporations through engineering delivery centers primarily in Poland, Hungary, India, and other Eastern European and global locations, following the forced redeployment of approximately 14,000 Ukrainian employees following Russia's February 2022 full-scale invasion of Ukraine. Prior to the war, EPAM had its largest delivery concentration in Ukraine (Kharkiv, Kyiv, Lviv — major technology talent hubs) — losing significant Ukrainian delivery capacity required rapid relocation of engineers to Poland, Czech Republic, Hungary, and other countries, demonstrating EPAM's operational resilience but creating near-term delivery disruption and cost increases. In fiscal year 2024, EPAM reported revenues of approximately $4.74 billion (-1% year-over-year) as the company navigated both the ongoing Ukraine conflict's operational complexities and the broader IT services spending slowdown affecting the sector as enterprise clients deferred discretionary technology projects. CEO Arkadiy Dobkin (co-founder, leading EPAM since 1993) has maintained EPAM's premium positioning as a "top-of-the-stack" engineering services provider — specializing in custom software product development for product companies (ISVs), digital transformation for financial services and healthcare clients, and cloud-native application engineering — rather than competing in commodity staff augmentation markets where Indian IT services firms (Infosys, Wipro) dominate on price.
Business Model & Competitive Advantage
EPAM Systems' software engineering model creates competitive advantages through the technical depth of its engineers and the product engineering specialization that differentiates EPAM from commodity IT outsourcing: EPAM engineers average 8-12 years of professional experience in software architecture and are recruited from Eastern European technical universities (Kharkiv Polytechnic, Kyiv Polytechnic, Warsaw University of Technology) with rigorous computer science curricula — creating a talent pool of senior software architects and full-stack engineers who deliver complex product engineering work that US companies outsource at $60-120/hour blended rates. The EPAM Learning Lab (internal training programs that develop junior engineers into senior consultants within 18-24 months) and EPAM Anywhere (remote hiring across global markets) create talent supply flexibility that pure US-staffed consulting firms cannot match at similar quality-to-cost ratios. EPAM's GenAI engineering practice (AI-assisted software development using GitHub Copilot, AWS CodeWhisperer, and EPAM's proprietary AI developer tools — reducing routine coding labor by 20-40% while increasing total project throughput) positions EPAM for the productivity-enhanced AI software development era.
Competitive Landscape 2025–2026
In 2025, EPAM competes in software engineering services and digital transformation against Globant (NYSE: GLOB, Latin America-based software engineering outsourcing), Thoughtworks (NASDAQ: TWKS, technology consulting and digital engineering), and Cognizant (NASDAQ: CTSH, Indian IT services) for digital transformation engineering mandates, AI/ML implementation projects, and cloud-native application development programs. The Ukraine war's ongoing operational impact (2025 mobilization requirements increasing Ukrainian male worker availability uncertainty, ongoing missile strikes on Ukrainian cities) creates operational continuity risk that EPAM's geographic diversification (Poland and Hungary now primary delivery centers) partially mitigates. The AI-augmented engineering services transition — clients paying for outcomes (working software, implemented AI features) rather than hourly engineering rates — benefits EPAM's high-quality senior engineer model (senior engineers using AI tools deliver 2-3x the output of junior engineers without AI tools). The 2025 strategy focuses on AI software engineering capability differentiation (EPAM AI Center of Excellence — building proprietary AI developer productivity tools), geographic delivery diversification (India, Latin America growth alongside Eastern Europe), and financial services and healthcare sector digital transformation capture.
The EPAM Systems Story
Founders
Company Timeline
Major milestones in EPAM Systems's journey
Leadership Team
Meet the leaders behind EPAM Systems
Balazs Fejes
Balazs Fejes became President and CEO of EPAM on September 1, 2025, after more than 20 years with the company. He joined EPAM in 2004 through the acquisition of Fathom Technology, which he co-founded. Throughout his tenure, he has served as CTO, built EPAM's financial services business globally, led European and APAC markets, and most recently served as President of Global Business and Chief Revenue Officer. His leadership combines deep engineering expertise with client-focused business acumen.
Arkadiy Dobkin
Arkadiy Dobkin co-founded EPAM in 1993 and served as CEO, President, and Chairman until September 2025, when he transitioned to Executive Chairman. Under his leadership, EPAM grew from a startup to a global technology leader with over 61,000 employees and inclusion in the S&P 500. He was named among Newsweek's Most Loved CEOs in 2024, reflecting his commitment to employee development and company culture.
Jason Peterson
Jason Peterson serves as CFO and Treasurer, overseeing EPAM's financial strategy, capital allocation, investor relations, and financial operations. He plays a critical role in supporting the company's growth initiatives, including strategic acquisitions and global expansion while maintaining financial discipline and transparency.
Elaina Shekhter
Elaina Shekhter leads EPAM's global marketing and corporate strategy functions, driving brand positioning, go-to-market strategies, and strategic planning initiatives. She is responsible for articulating EPAM's value proposition to clients and markets while shaping the company's long-term strategic direction.
Philip Storm
Philip Storm oversees EPAM's compliance, risk management, and regulatory affairs, ensuring the company adheres to global legal and ethical standards. His role is critical in maintaining corporate governance excellence and managing risk across EPAM's worldwide operations.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
EPAM Systems is recognized as a market leader in the Consumer Technology sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $4740M in revenue, EPAM Systems operates at enterprise scale with proven market validation.
Frequently Asked Questions
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