Top Independent Research Firm Names EPAM a Leader in Specialized Insights Services

Rhea-AI Summary

EPAM Systems, Inc. (NYSE: EPAM) has been recognized as a leader in the Forrester Wave™: Specialized Insights Service Providers, Q2 2020 report. This distinction highlights EPAM's strengths in product engineering and its ability to integrate data products into insights services. The report commends EPAM for its robust analytics accelerators and consulting programs, which contribute to effective data-driven solutions. Customer references indicate EPAM is ahead of peers in building talent and domain understanding. EPAM's continuous innovation since its inception in 1993 further solidifies its market presence.

Positive

• Recognized as a leader in Forrester's Q2 2020 report for Specialized Insights Service Providers.
• Strength in product engineering and effective data services highlighted.
• More than 200 vertical-specific analytics accelerators offered.

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• None.

NEWTOWN, Pa., June 29, 2020 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced they have been recognized as a leader in The Forrester Wave™: Specialized Insights Service Providers, Q2 2020. Vendors were evaluated based on strategy, current offering and market presence.

The report states: "strong product engineering underpins EPAM's insights services strategy. EPAM's strength lies in product engineering, traditionally working with independent software vendors to build data products and services. Applying that expertise to insights services, EPAM has developed its Data Factory Blueprint to deliver business value through data products across industries and functional domains. [EPAM] offers over 200 vertical-specific analytics accelerators and consulting programs.

The Forrester report goes on to state that EPAM's customer references consider EPAM "well ahead of their peers" with a "fantastic approach to building a talent pipeline" and an "ability to quickly grasp domain understanding."    

"We're pleased to be recognized as a leader among specialized insights service provider in Forrester's Wave evaluation," said Val Tsitlik, VP of Technology Solutions at EPAM. "We believe this is attributed to the depth and breadth of the analytics accelerators and consulting programs we provide our customers to solve their most complex, data-driven challenges and the successful business outcomes achieved."

After researching, analyzing and scoring the vendors—based on 18 criteria—Forrester identified the top 13 most significant insights service providers as Leaders, Strong Performers, Contenders and Challengers. Forrester included 13 vendors in the assessment, all of which have advanced data competency, advanced analytics and AI competency, functional breadth, vertical penetration, heritage, market presence, service tenure and client interest. 

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

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 30 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 was the only IT services company featured on Fortune's 100 Fastest-Growing Companies list of 2019. 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 recognition did EPAM receive in June 2020?

EPAM was recognized as a leader in the Forrester Wave™: Specialized Insights Service Providers, Q2 2020.

What strengths were highlighted in the Forrester Wave report for EPAM?

The report noted EPAM's strong product engineering and its ability to deliver data-driven insights.

How many analytics accelerators does EPAM offer?

EPAM offers over 200 vertical-specific analytics accelerators.

Who commented on EPAM's recognition in the Forrester report?

Val Tsitlik, VP of Technology Solutions at EPAM, remarked on the achievement.

When was EPAM's recognition in the Forrester report announced?

The announcement was made on June 29, 2020.