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EPAM Systems Lands Giant UBS Multi-year Agreement Valued At Over $300 Million

Posted by on January 17, 2017 9:03 PM
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Categories: Stocks

January 17, 2017: UBS signs multi-year agreement valued at over $300 million with EPAM. UBS AG, the world’s largest wealth manager, has signed a multi-year strategic framework agreement. For the past nine years, UBS and EPAM have collaborated to stay at the forefront of technology, positioning UBS as a global leader in innovative financial products and services. The agreement, which is valued at over $300 million, supports the bank’s strategic cost reduction program. This commitment to efficiency allows EPAM to continue to focus on innovative, end-to-end solutions, reducing time-to-market and improving ROI on technology investments.

The partnership between UBS and EPAM spans almost nine years, ten countries and three continents. In addition to the many business solutions that EPAM has provided during this relationship, innovation will be a large focus throughout this multi-year deal.

EPAM Stock Chart

The Finviz screener settings used to find EPAM are: Forward P/E Under 20, EPS growth this year Over 15%, EPS growth past 5 years 35% – 40%, Sales growth past 5 years Over 30%, Sales growth qtr over qtr High (>25%), Debt/Equity Low (<0.1)

Established in 1993, EPAM Systems, Inc. is recognized as a leader in software product development by independent research agencies. Headquartered in the United States, EPAM serves clients worldwide utilizing its award-winning global delivery platform and its locations in 19 countries across North America, Europe, Asia, and Australia. EPAM was ranked #6 in 2013 America’s 25 Fastest-Growing Tech Companies, and #3 in 2014 America’s Best Small Companies lists by Forbes Magazine.