EPAM Acquires Argentinean Firm Vates, Underscoring Shift Towards LATAM
Summary
US-based IT consulting firm EPAM Systems made yet another strategic acquisition in Latin America, signaling a shift in the company’s focus away from Eastern Europe. EPAM recently finalized the acquisition of Vates, a prominent software development company based in Cordoba, Argentina. Thomson Reuters, Mexican telecom firm Claro and Argentinean bank Bancor are just some of Vates’ more relevant clients, showcasing the company’s strong foothold in the Latin American market. Established in 1991, Vates offers a wide array of services comparable to those provided by EPAM, including software development, application testing, data analytics and IT maintenance and support. Reports from local media outlets also point to access to a skilled technology talent pool playing a pivotal role in EPAM’s strategic endeavors in the region.