EPAM positioned as a Challenger in Gartner's 2020 Magic Quadrant for Application Testing Services

Rhea-AI Summary

EPAM Systems, Inc. (NYSE: EPAM) has been named a Challenger in Gartner's 2020 Magic Quadrant for Application Testing Services. This evaluation reflects the company's ability to execute and completeness of vision, highlighting its systematic approach to quality improvement in application testing. EPAM focuses on cost-effective continuous quality and has invested in next-gen testing services, enhancing offerings like testing-as-a-service, especially for Agile projects. The report assessed 20 providers, guiding leaders in vendor selection.

Positive

• Positioned as a Challenger in Gartner's 2020 Magic Quadrant for Application Testing Services
• Investment in next-gen testing services enhances company offerings
• Focus on cost-effective continuous quality supports customer needs

Negative

• None.

NEWTOWN, Pa., Jan. 21, 2021 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and development services, today announced it has been positioned by Gartner in the Challengers Quadrant of the 2020 Magic Quadrant for Application Testing Services Report¹.

According to Gartner, "a focus on cost-effective continuous quality — that is, a systematic approach toward the improvement of processes to achieve the quality goals of business and development — is the need of the hour."

"In today's extremely competitive market environment, our customers depend on us to provide quality digital products and platforms — at speed, scale and with a reliability that delivers consistent business outcomes —which is why we continually invest in developing and rolling out next generation testing services," said Adam Auerbach, VP, DevTestSecOps, EPAM.

Acquiring test IO in 2019, EPAM offers testing-as-a-service — with a focus on Agile development projects, expanding specialized services (i.e. performance testing), functional test automation and usability testing. Customers can leverage the advantages of continuous testing, such as speed and reliability, to ensure predictable timelines for software releases as well as improved release confidence with the introduction of user story testing.

The 20 Application Testing Services Providers who met the specified inclusion criteria for the report, were evaluated based on their ability to execute and their completeness of vision — guiding sourcing, procurement and vendor management leaders in making better decisions when selecting an application testing services provider.

To learn more about EPAM, visit www.epam.com

To learn more about test IO, visit https://test.io/

¹ Gartner, "Magic Quadrant for Application Testing Services, Worldwide," Jaideep Thyagarajan, Susanne Matson, Gunjan Gupta, Brett Sparks, Akshit Malik, December 1, 2020.

Gartner Disclaimer:
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM's global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. 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 in 2019 and 2020. Learn more at www.epam.com and follow us on Twitter @EPAMSYSTEMS and LinkedIn.

Forward-Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.

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SOURCE EPAM Systems, Inc.

FAQ

What does it mean for EPAM to be a Challenger in Gartner's 2020 Magic Quadrant for Application Testing Services?

Being positioned as a Challenger indicates EPAM's strong ability to execute and a comprehensive vision compared to its peers in the application testing market.

How does EPAM enhance its application testing services?

EPAM enhances its services by investing in next-gen testing solutions and focusing on testing-as-a-service, particularly for Agile development projects.

What criteria were used to evaluate EPAM in the Gartner Magic Quadrant?

EPAM was evaluated based on its ability to execute and completeness of vision, which are critical for guiding vendor selection.

When was EPAM's position in Gartner's Magic Quadrant announced?

EPAM's position as a Challenger in Gartner's 2020 Magic Quadrant was announced on January 21, 2021.

What are the implications of Gartner's report for EPAM investors?

Gartner's positive assessment can enhance investor confidence in EPAM's market position and future growth potential in application testing services.