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EPAM buys Alliance Global for $50 mn
NYSE-listed software company EPAM Systems, Inc on Thursday said it acquired Alliance Global Services, also a software product development firm, for about $50 million.
The acquired firm has IT development centre in Hyd
Hyderabad: NYSE-listed software company EPAM Systems, Inc on Thursday said it acquired Alliance Global Services, also a software product development firm, for about $50 million.
Alliance Global, also based in the US, has a software development centre in the city, which employs over 1,100 engineers, testers and designers. It also operates a small delivery centre with about 100 people in Pune.
The company offers software design, development and quality management services and works with clients in life science and healthcare, insurance, information and media, and software and high tech verticals.
“EPAM has set the standard in the industry for delivering true end-to-end capabilities and we are excited to join this fast-growing technology services company and integrate our offerings to better serve our growing customer base,” said John Castleman, President and CEO, Alliance Global Services.
The acquisition is expected to extend EPAM’s global delivery platform by adding strong solution delivery capabilities in North America and India, in addition to expanding its expertise in software engineering productivity and automation services.
“The alignment between Alliance Global and EPAM is a strategic fit. India’s rich engineering IT talent pool allows us to further expand our delivery capabilities and support our continued growth,” said Arkadiy Dobkin, CEO and President, EPAM.
