EPAM Systems
Newtown, Pennsylvania, United States · Information Technology
EPAM Systems, Inc. is a leading digital transformation services and product engineering company with a focus on delivering advanced cloud, engineering, testing, and digital services to global clients. It has been rapidly expanding in Latin America, with a growing team of 3,000+ employees in the region.
Key facts
- Headquarters
- Newtown, Pennsylvania, United States
- Employees
- 62,000
- Industries
- Information Technology
- Status
- Public (EPAM)
- Website
- epam.com
- Company page
Recent activity at EPAM Systems
- : SEC 8-K (1.01): On November 9, 2026, EPAM Systems, Inc. entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement with UBS AG, London Branch, to repurchase $500 million worth of its common stock. Under the agreement, EPAM will make an initial payment of $500 million and receive an expected delivery of approximately 2.55 million shares based on the stock's closing price on the transaction date. This transaction is authorized under EPAM's $1.8 billion share repurchase program initiated by the Board of Directors on September 30, 2026. The final settlement of shares is projected to occur in the first quarter of 2027 and may involve additional financial exchanges depending on market conditions and valuation adjustments specified in the agreement.
- : SEC 8-K (8.01): On November 5, 2026, EPAM announced through a press release that its Board of Directors has approved a new common stock repurchase program, authorizing up to $1.8 billion in repurchases of its common stock. This program replaces a previous authorization of $1 billion that was approved in October 2025, indicating a significant increase in the company's commitment to returning capital to shareholders. The decision reflects EPAM's confidence in its financial position and strategic direction, as the program allows for greater flexibility in managing the capital structure and potentially enhancing shareholder value.
- : EPAM Systems, Inc. launched a new Frontier AI service designed to enhance enterprise intelligence for complex workflows.
- : SEC 8-K (5.02):
- : SEC 8-K (5.02): On May 21, 2026, EPAM Systems, Inc. held its Annual Meeting of Stockholders where stockholders approved an amendment to the EPAM Systems, Inc. 2025 Long Term Incentive Plan, increasing the number of shares available for issuance under the plan by 4,000,000 shares. This amendment allows the company to enhance its employee compensation packages and potentially attract and retain talent. The details regarding shares previously granted under the plan were outlined in the definitive proxy statement filed with the SEC on April 6, 2026. Such stockholder approval is crucial for corporate governance and aligns executive compensation with shareholder interests.
- : EPAM Systems Announces Applied-AI Partnership with Anthropic.
- : SEC 8-K (5.02): Effective March 31, 2026, EPAM Systems, Inc. granted $3,000,000 in restricted stock units (RSUs) to Viktar Dvorkin, the Company’s Senior Vice President, Global Head of Advanced Engineering, Cloud & Enterprise Platforms. This RSU Grant aims to provide Mr. Dvorkin with a significant long-term incentive for retention, vesting in equal portions on the first three anniversaries of the grant date, contingent upon his continued employment. If his employment is terminated under specific conditions, unvested RSUs may be forfeited, while certain circumstances allow for portion acceleration. This grant is part of the 2025 Long Term Incentive Plan, aiming to strengthen executive commitment and stability within the Company.
- : SEC 8-K (7.01): EPAM Systems, Inc. has announced an Investor Day event scheduled for March 12, 2026, at 8:30 a.m. ET. During this event, CEO Balazs Fejes and CFO Jason Peterson, along with other leadership team members, will present selected slides that are provided as Exhibit 99.1. This live webcast will also be available for replay on the company's investor relations website, illustrating the company's continued engagement with its investors. The announcement serves as a crucial opportunity for stakeholders to gain insights into the company's strategic direction and performance, reinforcing the significance of maintaining transparent communication.
- : SEC 8-K (1.01): On March 4, 2026, EPAM Systems, Inc. entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement with Morgan Stanley & Co. LLC to repurchase $300 million of its common stock. This transaction falls under the company's previously authorized $1.0 billion share repurchase program approved in October 2025. As part of the ASR Transaction, EPAM is expected to receive an initial delivery of approximately 1,703,336 shares, valued at $240 million based on the March 4 closing price. The final settlement of this transaction is anticipated by the second quarter of 2026, contingent upon market conditions and typical adjustments associated with such agreements.
- : SEC 8-K (7.01): On January 13, 2026, EPAM Systems, Inc. announced its forthcoming Investor Day scheduled for March 12, 2026. This event aims to engage with investors and provide insights into the company's strategic direction and financial performance. The press release detailing this announcement is attached as Exhibit 99.1 to the 8-K and is intended for investor transparency. The information shared will not be deemed 'filed' under the Securities Exchange Act or incorporated by reference in future filings unless specifically referenced. This proactive approach highlights EPAM's commitment to maintaining strong communication with its stakeholders.
EPAM Systems funding history
| Date | Round | Amount |
|---|---|---|
| Sep 2019 | Seed | $3.6M |
Leadership
- Ronald Vargo, Director
- Jill Smart, Director
- Robert Segert, Director
- Helen Shan, Director
- Karl Robb, Director
- Richard Mayoras, Director
- Arkadiy Dobkin, Executive Officer, Director
- Balazs Fejes, President
- Jason Peterson, Chief Financial Officer
- Sergey Yezhkov, Executive Officer
- Philip Storm, Executive Officer
- Larry Solomon, Executive Officer
Verified email and direct lines for EPAM Systems’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
EPAM Systems files 11 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
EPAM Systems in the news
- EPAM Leads as a Top IT Service Provider in Belgium and Luxembourg - EPAM (Mar 18, 2026)
- Introducing Agentic Development Lifecycle (ADLC): Building and Operating AI Agents in Production - EPAM (Feb 05, 2026)
- Grow Your Professional Career - EPAM (Jun 09, 2015)
- New Study Reveals What Is Holding Up AI Adoption for Enterprises - EPAM (Apr 16, 2025)
- EPAM & Anthropic Team Up to Build the Future of Enterprise Transformation with Safe, Applied AI - EPAM (May 06, 2026)
- EPAM and Cursor Announce Strategic Partnership to Build and Scale AI-Native Teams for Global Enterprises - EPAM (Jan 08, 2026)
- EPAM Announces Planned Leadership Succession - EPAM (May 08, 2025)
- Consumer Banking Report 2024 - EPAM (Feb 20, 2024)
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About EPAM Systems: questions and answers
What does EPAM Systems do?
EPAM Systems, Inc. is a leading digital transformation services and product engineering company with a focus on delivering advanced cloud, engineering, testing, and digital services to global clients. It has been rapidly expanding in Latin America, with a growing team of 3,000+ employees in the region.
Where is EPAM Systems headquartered?
EPAM Systems is headquartered in Newtown, Pennsylvania, United States.
How many employees does EPAM Systems have?
EPAM Systems has about 62,000 employees.
Has EPAM Systems raised funding?
Yes. Fundz has recorded 1 funding event for EPAM Systems. The most recent, Seed of $3.6M, was in Sep 2019.
Who leads EPAM Systems?
Balazs Fejes is a President at EPAM Systems.
What is the latest news on EPAM Systems?
On Nov 10, 2026, SEC 8-K (1.01): On November 9, 2026, EPAM Systems, Inc. entered into a Fixed Dollar Accelerated Share Repurchase Transaction agreement with UBS AG, London Branch, to repurchase $500 million worth of its common stock. Under the agreement, EPAM will make an initial payment of $500 million and receive
Is EPAM Systems a public company?
Yes. EPAM Systems is publicly traded under the ticker EPAM.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy