On the Record · EPAM Systems
EPAM Systems acquisitions, on the record
The businesses EPAM Systems bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
remaining holdings in RussiaWord for word“On July 26, 2023, the Company completed the sale of its remaining holdings in Russia to a third-party.” 10-K for 2023 | divestiture | July 26, 2023 | — |
S4N Holding, Inc. ("S4N")Word for word“On October 25, 2023, in connection with the Company’s acquisition of all of the outstanding equity of S4N Holding, Inc. (“S4N”), a Panamanian corporation reported as one of the Other 2021 Acquisitions (see Note 3 “Acquisitions”), the Company issued 14 thousand shares of common stock to the S4N sellers under the terms of the purchase agreement and following achievement of certain performance metrics set forth under the purchase agreement.” 10-K for 2023 | acquisition | October 25, 2023 | — |
PolSource S.A. and its subsidiaries ("PolSource")Word for word“PolSource — On April 2, 2021, the Company acquired 100 % of PolSource S.A. and its subsidiaries (“PolSource”), a Salesforce Platinum Consulting Partner with more than 350 experienced Salesforce specialists for a purchase price of $ 148.2 million including contingent consideration with an acquisition-date fair value of $ 35.4 million.” 10-K for 2023 | acquisition | On April 2, 2021 | $ 148.2 million including contingent consideration |
CORE SE and its subsidiaries ("CORE")Word for word“CORE — On July 23, 2021, the Company acquired 100 % of CORE SE and its subsidiaries (“CORE”), a professional service provider specializing in IT strategy and technology-driven transformations with office locations in Europe and the Middle East for a purchase price of $ 50.2 million including contingent consideration with an acquisition-date fair value of $ 4.0 million and deferred consideration of $ 7.8 million.” 10-K for 2023 | acquisition | On July 23, 2021 | $ 50.2 million including contingent consideration |
Emakina Group SA and its subsidiaries ("Emakina")Word for word“Emakina — On November 3, 2021, the Company completed the acquisition of 98.69 % of Emakina Group SA and its subsidiaries (“Emakina”), a group of independent digital agencies, for a purchase price of $ 143.4 million in cash.” 10-K for 2023 | acquisition | On November 3, 2021 | $ 143.4 million in cash |
Two acquisitions (2022 Acquisitions)Word for word“2022 Acquisitions — During the year ended December 31, 2022, the Company completed two acquisitions with a total purchase price of $ 13.6 million including contingent consideration with acquisition-date fair value of $ 2.6 million.” 10-K for 2023 | acquisition | During the year ended December 31, 2022 | total purchase price of $ 13.6 million including contingent consideration |
Two acquisitions (2023 Acquisitions)Word for word“2023 Acquisitions — During the year ended December 31, 2023, the Company completed two acquisitions with a total purchase price of $ 42.6 million including contingent consideration with acquisition-date fair value of $ 14.9 million.” 10-K for 2023 | acquisition | During the year ended December 31, 2023 | total purchase price of $ 42.6 million including contingent consideration |
NEORISWord for word“The Company completed the acquisitions of NEORIS for $626.3 million on November 1, 2024, and First Derivative for $300.7 million on December 3, 2024.” 10-K for 2024 | acquisition | November 1, 2024 | $626.3 million |
First DerivativeWord for word“The Company completed the acquisitions of NEORIS for $626.3 million on November 1, 2024, and First Derivative for $300.7 million on December 3, 2024.” 10-K for 2024 | acquisition | December 3, 2024 | $300.7 million |
Neoris N.V.Word for word“NEORIS — On November 1, 2024, the Company acquired 99.7 % of the outstanding shares of Neoris N.V. (together with its subsidiaries, “NEORIS”) for a purchase price of $ 626.3 million.” 10-K for 2025 | acquisition | November 1, 2024 | $ 626.3 million |
remaining 0.3 % of Neoris N.V.'s outstanding sharesWord for word“On January 2, 2025, the Company completed the acquisition of the remaining 0.3 % of Neoris N.V.’s outstanding shares for a purchase price of $ 1.4 million in cash.” 10-K for 2025 | acquisition | January 2, 2025 | $ 1.4 million in cash |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $5.5 million | — |
| 2017-12-31 | $6.8 million | — |
| 2018-12-31 | $74.3 million | — |
| 2019-12-31 | $39.3 million | — |
| 2020-12-31 | $18.9 million | — |
| 2021-12-31 | $315 million | — |
| 2022-12-31 | $10.6 million | — |
| 2023-12-31 | $24.8 million | $24.5 million |
| 2024-12-31 | $912.2 million | $53.5 million |
| 2025-12-31 | $3.4 million | — |
Deal filings since 2016
- 2026-03-05 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-10-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-09-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-10-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from EPAM Systems’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.