EPAM Acquires NAYA Technologies, An Israeli And US-Based Consultancy Specializing In Complex Cloud Migration And Data Management Services

NEWTOWN, Pa., Nov. 5, 2019 /CNW/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced its acquisition of NAYA Technologies, headquartered in Israel, and its US subsidiary, NAYA Tech, located in San Jose, CA. With NAYA's big data, software development and cloud migration expertise, this acquisition complements EPAM's technology consulting practice and further enhances its strong capabilities in data management and cloud services.  

With the addition of NAYA Tech, EPAM also acquires migVisor, an automated database migration assessment tool for heterogeneous and lift-and-shift cloud migrations. As one of the only database migration assessment tools on the market that is actively promoted by major cloud providers, migVisor enables a full range of cloud engagements and speeds time-to-value for clients looking to move faster toward cloud-native solutions. 

"We look forward to incorporating NAYA's big data expertise and the migVisor tool into our already successful and fast-growing cloud and data practices," said Max Bogretsov, SVP, Technology Solutions, EPAM. "With the increasing pressures of digitalization, the majority of our clients are migrating to the cloud for greater agility, security and scalablity. By providing integrated data consulting, delivery and automation capabilities, EPAM's true end-to-end services will enable our customers to seamlessly transition and optimize their enterprise platforms on the cloud to achieve these benefits."

In addition to cloud migration, NAYA focuses on data platform architecture design and database implementation for its global clients. NAYA also provides training services from business intelligence to software engineering for customer in-house teams looking to independently build, operate and optimize their cloud solutions.

"NAYA has successfully helped organizations accelerate the adoption of cloud-native database technologies," said Yoni Okun, CEO of NAYA Technologies, and Yair Rozilio, CEO of NAYA Tech. "This experience combined with EPAM's scale and optimized delivery organization will enable us to offer our global customers a broader scope of consulting, engineering and implementation services. We look forward to joining EPAM and bringing our expertise and innovation to our shared clients."

Learn more about EPAM at www.epam.com and NAYA Tech at https://naya-tech.com/. For more information on migVisor, visit www.migvisor.com.  

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM's global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader in multiple categories among top global independent research agencies and was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn

Forward-Looking Statements

This press release includes 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. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. 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.

SOURCE EPAM Systems, Inc.

Emily Catuzzi, M: 215.720.4644, [email protected], http://www.epam.com

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