openPR Logo
Press release

EPAM strengthens its business information services offerings by acquiring Instant Information, a leading provider of cloud based information management and discovery services

09-22-2010 12:14 PM CET | IT, New Media & Software

Press release from: EPAM Systems

Newtown, PA — September 21, 2010 — Over the last several years EPAM Systems has seen multifold growth in its software engineering services provided to the business information and media industries. To further strengthen their core capabilities in this area, EPAM announces the acquisition of assets of Instant Information, Inc., a leading provider of cloud based information management and discovery services.

Servicing clients in the financial, pharmaceutical, legal, and technology verticals, Instant Information has deep expertise in helping enterprises to manage the exponential growth in the data and content assets they must support, and providing them with the expert level services needed to envision, develop, and operate applications and frameworks that effectively leverage that information.

The company was founded in 2004 and led since by industry veterans Isaak Karaev and John Mahoney. Previously, Mr. Karaev and Mr. Mahoney co-founded Multex, Inc. (NASD: MLTX), which helped to redefine the financial information and research marketplace and was acquired by Reuters in 2003.

"EPAM today serves a number of top global players in the information and media space and also helps to develop cutting edge software technologies and products for leading ISVs serving those industries. The management experience and industry expertise of the Instant Information team should add significant value to EPAM’s growing business in this field by extending our capabilities into new areas we have not actively pursued in the past, as well as allowing us to offer the right mix of services, domain knowledge, and technology know-how to effectively address the full range of our clients’ rising demands in this space," noted Arkadiy Dobkin, CEO and President of EPAM Systems.

"EPAM is an ideal fit for the work we have done in this space," said Isaak Karaev, CEO of Instant Information, Inc. "It gives us the opportunity to combine the deep knowledge and extensive capabilities we have across the entire value chain with one of the fastest growing and technically astute global service providers in the market today. It’s a powerful combination that opens up new and exciting opportunities going forward."

About Instant Information, Inc.

New York based Instant Information, Inc. was founded in 2004 to provide knowledge management and collaboration solutions to corporate intelligence and financial professionals. It was launched with start-up capital provided by Standard & Poor's, Reuters and several private equity firms including Union Square Ventures.
www.instantinformation.com.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 5,000 professionals and provides services to clients worldwide utilizing a global delivery model through its client facing and delivery operations in North America, UK, Germany, Switzerland, Sweden, Russia, Belarus, Hungary, Ukraine, and Kazakhstan.

EPAM's core competencies include complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications and vertically oriented IT consulting services for global Fortune 2000 corporations.

EPAM is recognized among the top companies in IAOP's "The 2010 Global Outsourcing 100" and in "The 2009 Global Services 100" by Global Services Magazine and neoIT. The company is the only CEE's IT services vendor included in the global "Top 10 Best Performers: IT Services" and also ranked 2nd among the world's "Top 10 Best Performers: Outsourced Product Development" according to the magazine's 2009 rating.

EPAM Systems, Inc
41 University Drive
Suite 202
Newtown, PA 18940

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EPAM strengthens its business information services offerings by acquiring Instant Information, a leading provider of cloud based information management and discovery services here

News-ID: 145410 • Views:

More Releases from EPAM Systems

Three Gold SharePoint competencies achieved by EPAM Microsoft Competency Center
Newtown, PA – July 10, 2012 – Today, EPAM Systems, Inc. (NYSE:EPAM) announced it has achieved three Gold SharePoint Competencies from Microsoft: Portals and Collaboration, Digital Marketing, and Search. With these certified skill sets, EPAM Microsoft Competency Center proves its expertise in SharePoint development, demonstrating the team’s ability to deliver robust solutions built around the SharePoint, SharePoint for Internet Sites, and FAST for SharePoint products. To earn the gold competencies, Microsoft
EPAM Mobile Competency Center Partners with Netbiscuits
EPAM Mobile Competency Center Partners with Netbiscuits
Newtown, PA — May 15, 2012 — EPAM Systems, Inc. (NYSE:EPAM), a leading software engineering and IT Outsourcing (ITO) provider with development centers across Central and Eastern Europe (CEE), today announced a partnership with Netbiscuits, the world’s leading cloud based platform for the development and delivery of next generation web apps across all mobile and connected devices. The partnership between Netbiscuits and EPAM’s Mobile Competency Center will serve organizations looking to

More Releases for Instant

Global Instant Pot Market, Global Instant Pot Industry, Covid-19 Impact Global I …
The Instant Pot market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Instant Pot Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Instant Pot market. The report focuses on well-known providers in the global
Instant Knockout Reviews – Does instant knockout fat burner work? (Updated Oct …
Visit Official Website Here >> https://bit.ly/3oWYDVS Considering the increasing number of people struggling with losing fat, health experts have created a revolutionary weight loss and fat burning formula named Instant Knockout. The supplement is helping many people transform their bodies naturally. Here we will review what this supplement contains and how it works. Because of the modern lifestyles and the nature of the food that people eat every single day, it seems
Instant Beverage Premixes Market
https://www.qandqmarketresearch.com/reports/7293858/instant-beverage-premixes-market-62 Instant beverage premixes are prepared drinks, which boost metabolism, enhance functionality, and provide healthy hydration. Instant beverage premix market analysis is primarily split into different type including instant coffee, instant tea, instant milk and instant health drinks and soups. In 2017, the global Instant Beverage Premixes market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of
Instant Beverage Premix Market: Instant Coffee Premixes Soars in Popularity
The global market for instant beverage premix is predicted to exhibit a solid growth in the forthcoming years, according to analysts at Transparency Market Research (TMR). The global market for instant beverage premixes is featured by the presence of a large pool of players, on account of new entrants being encouraged by the low initial investments and low entry barriers. The market is highly competitive, with onus on market players
Instant Beverage Premix Market: Instant Coffee Premixes Soars in Popularity
The global market for instant beverage premix is predicted to exhibit a solid growth in the forthcoming years, according to analysts at Transparency Market Research (TMR). The global market for instant beverage premixes is featured by the presence of a large pool of players, on account of new entrants being encouraged by the low initial investments and low entry barriers. The market is highly competitive, with onus on market players
eProcurement: Instant Transparency
ifm Achieves Better Prices in Indirect Procurement with JAGGAER solution Vienna | Research Triangle, NC, USA | Essen, August ​09​, 2017 – ifm, the specialist for sensors in automation technology, has said goodbye to manual processing in indirect procurement once and for all. With the eProcurement digital procurement tool from JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) indirect and direct solution suite, more than 6000 employees