EPAM Expands Its Reach In Latin America With Acquisition Of Vates; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
EPAM Systems, Inc. has acquired Vates S.A., a software development company with offices in Argentina and Chile, to enhance its software development portfolio and expand its delivery capabilities in Latin America. This acquisition adds hundreds of skilled engineers to EPAM's team, strengthening its position in cloud, testing, and Atlassian platform knowledge. Vates, known for its end-to-end solutions across multiple industries, will help EPAM in delivering advanced digital services and fostering growth in LATAM.
March 26, 2024 | 2:06 pm
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EPAM's acquisition of Vates S.A. significantly enhances its software development portfolio and expands its delivery capabilities in Latin America, adding valuable engineering talent and expertise in cloud, testing, and Atlassian platforms.
The acquisition of Vates S.A. by EPAM Systems, Inc. is likely to have a positive short-term impact on EPAM's stock price due to the expansion of its software development and delivery capabilities in the rapidly growing Latin American market. The addition of Vates' engineering talent and expertise in key areas such as cloud and testing services is expected to enhance EPAM's competitive edge and support its growth strategy in the region.
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