EPAM is not a company based on products. It is mostly an IT service-oriented company that deals with software engineering and digital consulting services in addition to other businesses. EPAM systems designs and develops software products for its customers but does not offer its massive consumer software offerings as other firms in this area. The company specializes in the development of software products as well as digital platform engineering, cloud provisioning and artificial intelligence (AI) services.
Here’s a brief review of EPAM Systems
| Details | Info |
| Founded | 1993 |
| Founders | Arkadiy Dobkin and Leo Lozner |
| Headquarters | Newtown, Pennsylvania, U.S. |
| CEO & President | Balazs Fejes (Sep 2025-Present) |
| Industry | Software Engineering and IT Services |
| Listed On | NYSE: EPAM |
| Employees | 62,000+ (2025) |
| Revenue (2024) | US$4.73 Billion |
| Official Website | www.epam.com |
Company History
EPAM Systems was founded in 1993 by Arkadiy Dobkin and Leo Lozner in the USA and Belarus. It was founded as an engineering service provider for software. It was focused on helping multinational companies to develop robust digital systems and platforms.
It was in 2012 that EPAM became public, and shares of the company were traded at the New York Stock Exchange. The company has grown over the years and has made a number of acquisitions across Europe as well as Latin America among other areas. It also developed applications like InfoNgen(r) or TelescopeAI(r) and the business structure was based on service.
The S&P 500 Index entered EPAM in 2021, which indicates that the company’s financial health is expanding and has a significant price on the market.
Current Status
EPAM is located in more than 55 countries and employs more than 62 000 employees. The products offered by the company include digital transformation including cloud migration services, AI solutions services, as well as services for enterprise software development. It has international clients in areas such as healthcare, finance retail, technology, and finance.
While EPAM created a handful of its own instruments and platform, the main source of revenue is offering of engineering and consulting services to its clients. This model is clear that EPAM is a part of the category of companies that provide services.
Future Outlook
EPAM will further develop their AI and engineering digital solutions in the coming years. The company has invested in cloud technology, innovation, and international delivery centers. Epam is a leader with a solid leadership team and a broad coverage. It strives to grow its revenues and play a leading role in the IT services sector.
Thus, EPAM is a service-oriented model that has an engineering approach to products.
