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Epam, the largest software development outsourcing vendor in Belarus and in CEE and with a rich history spanning across 20 years, bought Dextrys, a Chineses IT outsourcing company to expand its global delivery capabilities.
Epam already had locations in China – in Shenzhen and Hong Kong – and the new deal will extend the company’s Chinese presence to Suzhou, Shanghai and Guangzhou. Dextrys, with HQ in Wakefield, MA, has been on the software development market for over a decade and served both multinational and Chinese customers. It employs more than 1,000 people. Formerly, it was called DarwinSuzsoft, but it went through a rebranding in 2008 after the $48M investment from Francisco Partners, one of the leading private equity firms focused on technology. With the new name and slogan “Making Chine Easy”, Dextrys was set to help companies to take advantage of the buoyant Chinese software development market and to diversify the outsourcing risk from Inia
Epam was founded by the Belarusian entrepreneur Arcadiy Dobkin, the CEO, back in 1993. In 2012 it became the first Eastern European company to file for an IPO on NYSE, and has been on various lists of top tech companies, including FORBES 25 Fastest Growing Public Tech Companies and FORTUNE’S 100 Fastest Growing Technology Companies. The software giant has been buying other outsourcing and software development companies, some of them with specific expertise, and in the article below we listed the previous acquisitions.
The company employs around 20,000 people, but Dobkin says that he still thinks of Epam as a startup. In 2015 the “startup” revenue reached $914.1 million, a 25% increase from a year earlier.
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