The IT services firm's business model is similar to that of Indian services firms, though there are some key differences. [15], The company also productized TelescopeAI, an artificial intelligence-based platform for IT operations and workforce management, which won a 2019 Big Innovation Award presented by the Business Intelligence Group.[16]. The company also launched EPAM SolutionsHub, a catalogue of its software products, accelerators and open source platforms. Don Bailey has been the Chief Executive Officer and President of Questcor Pharmaceutical since November 2007. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and ranked as the top IT services company on Fortune's 100 Fastest-Growing Companies list of 2019 and 2020. consultant. Tension over the conflict in Ukraine -- and the role U.S. companies should play in opposing Russias invasion -- is playing out within Epam Systems Inc., a Pennsylvania-based company with a large work force in Ukraine. people could easily go to jail just based on whatever hes posting publicly.. A graduate and then professor at Concordia University, Brian Mueller then hopped institutions to became CEO of Grand Canyon Education in July of 2008. Mr. If passed, this judicial legislation would jeopardise the fundamental rights of all Israelis, not just minorities. [28] Crypto. The Company is recognized by leading independent research agencies, including being listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked as the Top IT Services company on Fortunes 100 Fastest-Growing Companies list for the last three consecutive years. Rahul Singh, a principal at outsourcing consulting firm Pace Harmon, who attended college in Ukraine and earned a degree there in computer science, says the Ukraine has a huge potential as a technical center. Computerworld |. "EPAM Reports Results for Full Year 2022", "Know The Success Story of EPAM Systems and its Journey", "EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte & Touche Technology Fast 500", "EPAM Systems, Inc. successfully listed on the New York Stock Exchange", "EPAM Systems, Inc. (EPAM) Stock Price, News, Quote & History - Yahoo Finance", "Epam merges to expand offshore services", "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab", "EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities", "Global software firm buys digital agency TH_NK", "EPAM Launches InfoNgen 7.0 to Improve Actionable Insights", "EPAM Wins 2019 Big Innovation Award For TelescopeAI, An AI-Enabled Platform To Help Businesses Manage The ir IT Operations", "EPAM Joins Blockchain in Transport Alliance, Largest Association in the World | EPAM", "Why Open Source Software is Critical to the Future of Financial Services", "EPAM Adds Engineering Scale with Colombia Acquisition", "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence", "Israel Cybersecurity Co White-Hat Bought Out By EPAM For $50 Million", "EPAM Expands Salesforce Capabilities with Acquisition of PolSource", "Emerald to acquire Innospec Widnes to expand its footprint in global fragrance industry", "Ukraine Stance by U.S. Tech Firm Epam Sparks Internal Dissension", "Ukraine War Divides Employees At American Tech Company That Straddles The Front Lines", "EPAM ", "EPAM Systems Begins Process of Exiting Operations in Russia", " EPAM ", "EPAM Systems Starts Exiting Russian Operations After Ukraine Invasion", "EPAM Systems Acquires B2BITS Corp., a Leading Provider of Solutions and Consulting Services to the Capital Markets", "EPAM Strengthens Its Business Information Services Offerings by Acquiring Instant Information, a Leading Provider of Cloud Based Information Management and Discovery Services", "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA", "EPAM Acquires Jointech, Expands China-Based Delivery Capabilities", "EPAM Acquires Great Fridays, Product and Service Design Company", "EPAM Expands Digital Engagement Practice With Acquisition of NavigationArts", "EPAM Enhances Global Delivery Capabilities and Extends Footprint in China with Acquisition of Dextrys", "EPAM Expands Education and Learning Offerings With Acquisition of Competentum", "EPAM Acquires NAYA Technologies, An Israeli and US-Based Consultancy Specializing in Complex Cloud Migration and Data Management Services", "EPAM Acquires Ricston Ltd., Expanding Global API Practice and Salesforce Capabilities", "EPAM Enhances Salesforce Capabilities With PolSource Buyout", "American tech giant EPAM acquires Israeli security startup White-Hat", "EPAM Systems (EPAM) Acquires Emakina, Boosts Digital Portfolio", "EPAM Acquires Optiva, Boosts Digital Transformation Portfolio", "EPAM Named to Forbes List and Wins Oracle Award", "EPAM Ranked #8 on Forbes' List of 25 Fastest Growing Public Tech Companies", "EPAM Again Joins Forbes' List of 25 Fastest Growing Public Tech Companies", "HFS Top 10 Travel, Hospitality, and Logistics Service Providers", " EPAM TelescopeAI BIG Innovation Award 2019", "KMWorld 100 Companies That Matter in Knowledge Management 2019", https://en.wikipedia.org/w/index.php?title=EPAM_Systems&oldid=1142236235, Companies listed on the New York Stock Exchange, Companies based in Bucks County, Pennsylvania, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Consulting services and technology solutions, Digital Strategy & Omnichannel Experience Design, Telecommunications, Agile, Business Intelligence & Mobile, Investment Banking, Wealth & Asset Management, Product Development Services & Test Automation, Software engineering and application services, Digital Strategy, Experience Design & Innovation Studios, Digital Consulting, Strategy & Experience Design, Educational Content Services & Learning Platform, Software and services provider for quantitative research, algorithmic and automated systematic trading, Software integration and connectivity solutions provider, SAP/S4HANA/Enterprise data and analytics program management, Consulting, strategy and transformation services, Product development and digital services (media/entertainment). Geographies Added: Germany. entrepreneur Which industry is producing the greatest number of modern day success stories? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. searches below. Unlike other news outlets, we havent put up a paywall. Dobkin, the CEO, wrote in a post on LinkedIn on Sunday that the company was "doing absolutely everything we can to save, help and support logistically and financially Ukrainian Epamers and their. Will His AI Plans Be Any Different? In 2019, KMWorld Magazine named EPAM in the list of 100 significant companies in the field of knowledge management. Reports have suggested that war in Ukraine had fueled tensions between Ukrainian, Belarusian and Russian staff within the company but several Epam workers who spoke with Forbes say that they had received risky publicand privatemessages of support from colleagues across the front lines. Explore our enterprise software products, open source solutions and accelerators on. And who are the people guiding them to success? The Ukrainian software engineer's message from February 25 struck a chord with some of his colleagues, who criticized his suspension, and Epam CEO Arkadiy Dobkin, who called for fighting to end . What happens to the notes placed in the Kotel? Sales amount to $225 million. Follow Patrick on Twitter at @DCgov, or subscribe to Patrick's RSS feed . The opportunities ahead of you are usually much larger than you initially anticipated, but the level of effort you have to put in to realize those is always much bigger than originally expected. Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. Please try again or choose an option below. In 1993, a few years after immigrating to the U.S., Arkadiy Dobkin, an electrical engineer trained in Minsk, Belarus, started a company that aimed to tap the IT engineering talent developed in the . [7] In 2006, EPAM secured an equity investment from Siguler Guff to fund its competitive growth plans. They were sent a questionnaire, the results of which were selected 12 contestants. Company sales stand at$238 million with a five-yearsales growth of 20%, and a five-year EPS growth of 19%. Currently, NIC employs more than 725 people in the country. EPAM's global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. articles a month for anyone to read, even non-subscribers! During May-August they were intervieved individually , and finally members of the jury selected 11 finalists. In addition, he makes $4,325,620 as Chairman of the Board, President, and Chief Executive Officer at EPAM Systems Inc. Arkadiy has made over 124 trades of the EPAM Systems Inc stock since 2012, according to the Form 4 filled with the SEC. The largest trade he's ever made was selling 370,846 units of EPAM Systems Inc stock on 7 February 2012 worth over $4,450,152. This was a cosmopolitan, enjoying state benefits to fatten himself up and live in two countries, to make money here and spend it there, Ryhor Azaronaksaid about Zeltzer, who he said was a US citizen. Patrick Thibodeau covers SaaS and enterprise applications, outsourcing, government IT policies, data centers and IT workforce issues for Computerworld. EPAM acquired Israel-based cybersecurity services provider White-Hat Ltd. in May 2021.[23]. Its influence, however . The business has since expanded its scope to include engineering work for a number of vertical industries, including financial services and media. When Arkadiy Dobkin emigrated to the U.S. two decades ago, his first job was washing dishes. In July 2021, EPAM acquired CORE SE,[21] a professional service provider specializing in IT strategy and technology-driven transformations, to further expand its Western European footprint in the DACH region. In 2009, Arkadiy Dobkin,was named "Man of Action" in the nomination "For the active involvement and effective use of foreign investment. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=28682&cache=false" Founded in 2003, InvenSense came at just the right time of technological explosion: itsMotion Tracking sensor system on a chip is fast becoming essential toelectronic devices, providing an intuitive way for consumers to interact with their electronic devices by tracking their motions in free space and delivering them as input commands. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, Chairman/President/CEO/Founder, Epam Systems Inc. It takes just a few seconds. Inc., a leading digital transformation services and product engineering company. The estimated Net Worth of Arkadiy Dobkin is at least $746 Million dollars as of 13 December 2021. Proto Labs is an ultra-fast manufacturer of custom parts and product prototypes. By registering you agree to the terms and conditions. Belarusian business man Arkadiy Dobkin has helped to develop EPAM Systems into one of the world's leading software development outsourcing services companies. In 2015, Mr. Dobkin was inducted into the Ernst & Young World Entrepreneur of the Year Academy and to the elite Entrepreneur of the Year Hall of Fame. EPAM Systems, Inc. is an American company that specializes in software engineering services, digital platform engineering, and digital product design, operating out of Newtown, Pennsylvania. Mr. Dobkin previously occupied the position of Principal at Colgate-Palmolive Co., Principal at Sapporo Clinical Laboratory, Inc., Principal at Sap Labs Los Angeles and Principal at Minsk Radio-tech University. Arkadiy Dobkin - President and Chief Executive Officer Jason Peterson - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Jason Kupferberg - Bank of America Bryan. Sales stand at $595 million and the five-year EPS growth is at 54%. News on all your favorite celebs, reality TV, and movies. On average, Arkadiy trades about 25,790 units every 24 days since 2012. Do you think any other commercial company in the United States will allow its infrastructure to be used for cyberattacks? asks Dobkin. With sales at $558 million, and a five-year EPS growth of 104%, it seems that Grand Canyon Education is in for the long run. Thanks Arkadiy Dobkin, Larry Solomon Mariia Teslyak. You can see the complete history of Mr. Dobkin stock trades at the bottom of the page. Thanks Arkadiy Dobkin, Larry Solomon Happy to share that starting today, I'm part of the EPAM Systems family as Vice President of Latin America. All Rights Reserved. Under his leadership, EPAM has grown from a New Jersey-based start-up with Eastern European roots to become the foremost global digital transformation services provider leading the industry in digital and physical product development and digital platform engineering services. The industry is growing at 10% to 15% a year in the country, added Salil Dani, a practice director at Everest. In the war many factories, brands and companiesthey work for the needs of the war and change their business model.. Through EPAM, Mr. Dobkin has been instrumental in making the vast talent pool of the former Soviet Union and Central and Eastern Europe available to the global business community.He actively promotes Belarussian region across the US and Western Europe by presenting at noted international industry and technology events, such as Gartner Outsourcing Summits, Forresters GigaWorld IT Forum Europe, Russian Outsourcing & Software Summits, SAP TechEd, and others. You always hear about the big American companies that dominate the global industry - but you hear far less about the small ones (if anything at all), even when it comes to the ones on the rise. "There just isn't enough jobs out there for the people they are graduating," said Singh. Set up by a small group of entrepreneurs in Kansas 20 years ago, the company has expanded well beyond its creators' expectations. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. This net worth estimate does not reflect any other assets that Mr. Dobkin may own. Even after his work accounts were suspended, and the email chain shut down, Chernikovs demands continued to spiral across LinkedIn, Telegram and Facebook. FleetCor serves more than 500,000 commercial accounts all around the world. In 1993, a few years after immigrating to the U.S., Arkadiy Dobkin, an electrical engineer trained in Minsk, Belarus, started a company that aimed to tap the IT engineering talent developed in the former Soviet Union. Senior Editor, consultant. Everest, an outsourcing research and consulting organization, puts the number of people employed full-time in Ukraine's IT industry at more than 25,000. In 2021, he was recognized by GLOBSEC with the Tatra Summit Business Leadership Award for his impressive contribution to development of the tech business environment across the CEE region and beyond, and was named as one of the Philadelphia Business Journals Most Admired CEOs. Mr. Dobkin is known as a pioneer in the software product engineering and IT services industry and has been an instrumental force in opening the vast software talent pool of the Central and Eastern European regions to the international business community. Also that year, EPAM launched InfoNgen, a text analytics and sentiment analysis enterprise software product that uses artificial intelligence. With a population of more than 45 million, Ukraine schools award about 16,700 college degrees in technical disciplines, including engineering and computer sciences, according to Dani. I do not even care about being fired. But shares of the Newtown, Pennsylvania-based company dropped more than 45% after the Russian invasion of Ukraine. So now we have a request. It's always hard to predict who the giants of the future will be but facts and figures allow us to make some pretty reliable guesses. You always hear about the big American companies that dominate the global industry - but you hear far less about the small ones (if anything at all), even when it comes to the ones on the rise. Mr. Dobkin owns over 4,959 units of EPAM Systems Inc stock worth over $459,375,982 and over the last 11 years he sold EPAM stock worth over $282,570,144. With sales at $629 million, and a five year annual sales growth at 51%, Bailey's company tops our list. Zeltzer worked for the US-based information technology firm Epam, whose founder and CEO, Arkadiy Dobkin, is a Jew from Belarus who now lives in the United States. If I were there, I couldnt do anything. If so, please join The Times of Israel Community. [18], In August 2021, EPAM expanded its presence in Latin America through the acquisition of Colombia-based S4N,[19] a software development services firm specializing in the design and development of modern software products and enterprise platforms.[20]. 2023 The Times of Israel , All Rights Reserved, Andrei Zeltzer stands with a hunting rifle behind the door of his home in Minsk, Belarus on Sept. 29, 2021. Its influence, however, is not restricted to the US: the company has software development centers and branch offices all around the world in countries includingCanadatheUK, Kazakhstan, Hungary, Switzerland, Germany, Sweden, the Netherlands andSingapore. As the Chairman of the Board, President, and Chief Executive Officer of EPAM Systems Inc, the total compensation of Arkadiy Dobkin at EPAM Systems Inc is $4,325,620. Arkadiy Dobkin is a President, Chief Executive Officer & Chairman of the Board at EPAM Systems based in Newtown, Pennsylvania. Cirrus Logicaudio processors and converters are found in many professional audio and entertainment products for example smartphones, tablets, televisions, docking stations etc. Biography of Arkadiy Dobkin Arkadiy Dobkin founded EPAM Systems, Inc. Belarusian security forces shot dead Andrei Zeltzer, a 31-year-old programmer who opposed the Lukashenko regime, during a raid at his home in Minsk Tuesday. For example, she has decided to moveaway from grassroots marketing to engineers in the product-development field as well as introduce Web-first customer interaction. Prabook is a registered trademark of World Biographical Encyclopedia, Inc. src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28681&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28682&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28683&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28684&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28685&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28687&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", src="/web/img/loading.gif" data-src="/web/show-photo.jpg?id=28688&cache=false" alt="Other photo of Arkadiy Dobkin" class="gallery__img" height="167", data-src="/web/show-photo.jpg?id=28681&cache=false" Were really pleased that youve read, Please use the following structure: example@domain.com, Send me The Times of Israel Daily Edition. So I have responsibility for 14,000 people in Ukraine, but I also have responsibility for 18,000 people in Belarus and Russia. In 2019, EPAM joined the Blockchain in Transport Alliance (BiTA). Those Eastern European ties continue run deep. In May 2021, EPAM ranked 1,804 on the Forbes Global 2000 list. With 43,900 students enrolled in 2011, the company is ever growing. If he had sent this to me, I would have told him that this was impossible and was putting our employees around the world in danger., In the wake of Chernikovs email, Epam warned staff that supporting distributed denial of service or other hacks on Russian websites were illegal, and shut down attempts to use company accounts to lobby support for Ukraine from clients. 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[10], In late 2012, EPAM made two acquisitions Thoughtcorp, which expanded its service offerings in Agile, business intelligence and mobile,[11] and Empathy Lab, which established a digital engagement practice focusing on customer experience, design and eCommerce. 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Will His AI Plans Be Any Different? src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=28684&cache=false" Dobkin was lambasted on LinkedIn, Facebook and Twitter. External observers and opposition activists have said the elections were a sham and thousands, includinga number of Jewish activists,have been arrested. The Ukrainian software engineers message from February 25 struck a chord with some of his colleagues, who criticized his suspension, and Epam CEO Arkadiy Dobkin, who called for fighting to endbut stopped short of mentioning Russia, in threads spilling over LinkedIn and Ukrainian tech forums. Most recently he sold 4,959 units of EPAM stock worth $3,386,452 on 13 December 2021. Singh said knows a lot of people in the Ukraine who have earned advanced degrees in engineering, and "who are doing work outside the industry because there isn't enough opportunity.". [29] Also, the company launched the EPAM Ukraine Assistance Fund to help Ukrainians and made a US$100 million humanitarian aid commitment. 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Now he employs 10,000 programmers in his native Belarus and elsewhere in eastern Europe, developing. . Maria is a French-British English literature graduate. As of 13 December 2021 he still owns at least 1,251,808 units of EPAM Systems Inc stock. Arkadiy Dobkin - CEO and President Jason Peterson - CFO Conference Call Participants Bryan Bergin - Cowen Jamie Friedman - Susquehanna Ashwin Shirvaikar - Citi Maggie Nolan - William Blair. Belarus has about 9,500 people who identify as Jews. Dozens of current and former Epam employees sharply criticized a LinkedIn post from the companys chief executive officer, Arkadiy Dobkin, that vowed support for Ukraine but didnt mention or condemn Russias actions.