EPAM Systems (NYSE: EPAM), a Newton, PA-based digital transformation services and product engineering company, acquired First Derivative, a Newry, Northern Ireland, UK-based managed services provider and consulting business for the capital markets industry.
The amount of the deal was not disclosed.
With the acquisition, EPAM will leverage First Derivative’s industry experience and brand to deliver a comprehensive set of AI-enabled capabilities to clients in banking, capital markets and other financially regulated businesses across North America, Europe and APAC.
First Derivative is a managed services and consulting business for the capital markets industry with more than 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America and APAC. The company deploys a range of technology capabilities to assist clients in meeting their technology challenges, including application development and modernization, real-time data platforms, robotic process automation, machine learning and artificial intelligence.
EPAM Systems has used its software engineering expertise to become a global provider of digital engineering, cloud and AI-enabled transformation services, and a business and experience consulting partner for global enterprises and startups.
FinSMEs
03/12/2024