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EPAM Systems - Niederlassung D; A; CH Mainzer Landstrasse 49/49A 60329 Frankfurt am Main, Germany http://www.epam.com
Contact Ms Alena Busko +1 609-613-4031
Company logo of EPAM Systems - Niederlassung D; A; CH
EPAM Systems - Niederlassung D; A; CH

EPAM Systems announces $50 million capital raise

Additional capital will further fuel organic growth, fund acquisitions and expand EPAM's global delivery footprint

(PresseBox) (Lawrenceville, NJ, )
EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), announced today that it has completed an oversubscribed US$50 million minority investment round with three highly regarded global institutional investors.

Renaissance Capital, a leading investment banking firm focused on Europe, the Middle East and Africa (EMEA), acted as a sole advisor on the transaction. Renaissance Investment Management and Da Vinci Capital acted as lead investors (Renaissance Capital and Renaissance Investment Management are part of the Renaissance Group) with additional capital raised through Euroventures Capital.

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