EPAM Signs Strategic Collaboration Agreement with AWS to Help Organizations Become Cloud-Native

Enhanced collaboration will expand cloud engineering capabilities to help global clients scale cloud-native development and solve complex business challenges with AI

NEWTOWN, PA, USA, Oct. 31, 2023 – EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to help enterprises solve complex business challenges, drive growth, and scale innovation through cutting-edge cloud solutions, services, and strategies. The agreement will focus on accelerating modernization, adopting cloud-native architecture, and leveraging artificial intelligence (AI) and advanced analytics to create customer value in key industries, including healthcare, life sciences, financial services, insurance, energy and gaming.

EPAM & AWS Expand Strategic Collaboration

While cloud transformation has grown vital for achieving business success, many organizations encounter challenges in managing the complexity of cloud operations. This SCA leverages EPAM’s 30 years of experience in engineering, consulting, and software development paired with AWS’s solutions to help clients address cloud complexity and expand capabilities with greater agility, efficiency, and speed to achieve business outcomes. To help organizations modernize and become cloud-native, EPAM will build new offerings and products to support AWS-based business solutions and data platforms, as well as advance AI and machine learning capabilities.

Accelerating Cloud-Native Development & Modernization to Create Customer Value

Learn more about EPAM and AWS’s Collaboration

“We’re excited to expand our work with AWS to help our clients transform into adaptive, cloud-native organizations and stay competitive in a quickly evolving digital landscape,” said Elaina Shekhter, Chief Marketing and Strategy Officer at EPAM. “Building on more than a decade of collaboration, we are able to further deliver advanced cloud capabilities and unique end-to-end experiences through our global team of expert consultants, designers and engineers.”

As a part of the agreement, EPAM will establish a dedicated AWS Center of Excellence built on its more than 15,000 AWS experts who hold 5,000 AWS certifications. The SCA furthers EPAM’s decade-long collaboration with AWS and has allowed EPAM to streamline the process of building infrastructure, applications and business platforms for clients while mitigating business risks.

“There has never been a greater time to bring operational efficiency to the resource-constrained healthcare industry. At XSOLIS, we rely on EPAM's expertise to help us leverage our AI-driven technology more rapidly and effectively to eliminate administrative waste and accelerate data-driven decision making across our connected network of providers and payers,” said Zach Evans, Chief Technology Officer at XSOLIS. “The expanded collaboration between EPAM and AWS empowers us to offer a more robust solution, leveraging cutting-edge cloud-native capabilities. This collaboration will positively impact our mission to create a frictionless healthcare system, with efficiency gains that benefit providers, payers and patients alike.”

“EPAM has a proven track record of helping global enterprises accelerate digital transformation and navigate their cloud journeys to gain a competitive advantage,” said Chris Sullivan, Vice President, Worldwide System Integrators at AWS. “Together, EPAM and AWS can help clients further modernize their businesses, applications and software to become faster and more efficient.” 

As an end-to-end provider of digital transformation services with more than 50,000 team members across 50+ countries, EPAM delivers innovative cloud-enabled AI, data modernization, migration, data, and analytics solutions to many Forbes Global 2000 organizations around the world.

To learn more about how EPAM and AWS help businesses thrive in the cloud, visit https://www.epam.com/about/who-we-are/partners/aws.  

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting, and design capabilities; and unique 'Engineering DNA,' EPAM's globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people's lives. In 2021, EPAM was added to the S&P 500 and included among the list of Forbes Global 2000 companies. 

Selected by Newsweek as a 2021, 2022 and 2023 Most Loved Workplace, EPAM's global multidisciplinary teams serve customers in more than 50 countries across six continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the top IT services company on Fortune's 100 Fastest Growing Companies list. EPAM is also listed among Ad Age's top 25 World's Largest Agency Companies for three consecutive years, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm.

Learn more at www.epam.com and follow EPAM on Twitter and LinkedIn.

Forward-Looking Statement

This press release includes estimates and 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. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. 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.