NEWTOWN, PA and CORDOBA, Argentina — In a strategic move that signifies its growing influence in Latin America, EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, has announced the acquisition of Vates S.A., a distinguished software development firm based in Argentina and Chile. This acquisition is set to enhance EPAM’s already robust software development portfolio while significantly diversifying its delivery capabilities across Latin America.
Vates, renowned for its engineering prowess and comprehensive suite of services across multiple industries such as finance, healthcare, and telecommunications, aligns with EPAM’s ethos of fostering digital transformation and business agility. “Vates shares our Engineering DNA,” stated Hugo Gomez, Vice President of Latin America at EPAM, underscoring the synergy between the two entities in driving innovation and delivering value to some of the world’s most prominent brands.
The integration of Vates’ 500+ skilled engineers into EPAM’s fold is expected to amplify the latter’s capacity to tackle complex technological challenges. It also marks a significant expansion of EPAM’s footprint in the region, bolstering its workforce to over 3,000 employees across Latin America. This move aligns with EPAM’s strategy of building a more agile and diverse global delivery organization, a vision that has seen the company extend its reach in LATAM through previous acquisitions and office openings in Colombia.
Mario Barra, Co-Founder of Vates, expressed enthusiasm about joining EPAM, highlighting the opportunity to serve clients on a larger scale with advanced technologies and services. The merger promises to merge Vates’ legacy of software engineering and innovation with EPAM’s global resources and expertise, offering enhanced multidisciplinary engagements to customers not only in the Americas but worldwide.
EPAM’s rapid expansion in Latin America reflects a broader trend of tech companies seeking to capitalize on the region’s rich pool of technical talent and vibrant tech ecosystem. The acquisition of Vates is particularly strategic, given the latter’s established market leadership and proven track record of delivering end-to-end solutions to enterprise clients since 1991. This move is poised to strengthen EPAM’s position as a leader in advanced digital services in LATAM, promising new opportunities for local technical talent and community reinvestment.
Bernardo Barra, CEO of Vates, views the partnership with EPAM as a natural progression, one that aligns with the company’s values and vision for growth. The leadership team at Vates will remain in place, ensuring continuity in client service and employee engagement as the company embarks on this new chapter.
For industry watchers, this acquisition highlights the increasing importance of Latin America as a hub for software development and digital innovation. As EPAM continues to expand its global footprint, its focus on LATAM signals confidence in the region’s potential to contribute significantly to the world’s digital economy. This move not only enhances EPAM’s service offerings but also underscores the company’s commitment to fostering a more interconnected and technologically advanced global community.
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