EPAM Systems to Expand Market Reach with Acquisition of NEORIS

EPAM Systems, Inc.

NEWTOWN, PA and MIAMI, FL — EPAM Systems, Inc. (NYSE: EPAM) has announced its recent agreement to acquire NEORIS, a global technology consultancy headquartered in Miami, enhancing its strategic foothold in Latin America and beyond. This acquisition is set to bolster EPAM’s capabilities in delivering digital transformation solutions across key markets in the Americas and Europe.

NEORIS, with over 4,700 professionals, specializes in various domains including Digital Experience, Engineering, and Data Analytics. The consultancy is renowned for executing complex digital projects across industries such as Manufacturing, Banking, and Telecommunications. “NEORIS’ commitment to engineering quality, innovation, and strong level of client engagement, combined with their deep expertise across our key industry segments, makes them the best partner for us,” remarked Arkadiy Dobkin, CEO & President of EPAM.

The acquisition will not only enhance EPAM’s LATAM presence but also expand its delivery capabilities across North America and Europe. Martin Mendez, CEO of NEORIS, expressed excitement about the merger, stating, “Together, we will accelerate technology and business transformation solutions for our now even more diversified client portfolio.”

Cemex, which founded NEORIS over two decades ago, along with Advent International, played a pivotal role in this transition. Fernando Gonzalez, CEO of Cemex, acknowledged NEORIS’s accomplishments, emphasizing continued collaboration efforts. This acquisition aligns with Cemex’s strategy to concentrate on core business areas and optimize its portfolio.

The integration of NEORIS into EPAM marks a significant move in the global digital consultancy landscape, promising enhanced service offerings and market reach for both entities.

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