NEWTOWN, PA and NEWRY, N. Ireland — EPAM Systems, Inc. (NYSE: EPAM) has finalized its acquisition of First Derivative, a consulting and managed services firm specializing in capital markets. With over 1,800 employees worldwide, First Derivative brings substantial expertise in financial services technology, with capabilities spanning application development, real-time data platforms, robotic process automation, and artificial intelligence.
The acquisition broadens EPAM’s reach in banking, capital markets, and other regulated industries, leveraging First Derivative’s specialized knowledge and global delivery footprint across the U.K., Ireland, North America, and APAC regions. EPAM aims to integrate its expertise in AI, cloud, and digital engineering with First Derivative’s extensive consulting capabilities, delivering advanced solutions to clients facing complex technology demands.
Balazs Fejes, EPAM’s President of Global Business and Chief Revenue Officer, praised the collaboration, stating, “This partnership brings together EPAM’s digital, AI, cloud and engineering capabilities with First Derivative’s expertise in financial services. We see significant opportunities to extend these specialized solutions across our broader customer base.”
First Derivative CEO David Collins echoed the sentiment, emphasizing the shared commitment to innovation and the advantages for clients navigating data-driven challenges. “Together, EPAM and First Derivative offer strengthened financial services to clients, empowering operational insights, driving innovation and more effectively managing risk,” he said.
The acquisition marks a strategic milestone for both companies, enabling enhanced services for clients, particularly in highly regulated industries. It closed successfully after meeting customary conditions, including necessary regulatory approvals.
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