Workers gathering in EPAM's office in Colombia. (Photo credit: EPAM)

EPAM Systems Acquires LatAm Software Development Company Vate

To broaden its tech portfolio in Latin America, US-based digital services firm EPAM Systems, Inc. (NYSE: EPAM) has acquired Vates S.A., a software development company with offices in Argentina and Chile.

Founded in 1991, Vates has continued to expand and deliver services including software development, application testing, digital consulting, system integrations, big data analysis, and IT maintenance and support, according to EPAM. Its clients include news and information provider Thomson Reuters, regional telecom Claro, and financial services provider Bancor.

“Vates shares our engineering DNA and integrated consulting approach for accelerating digital transformation and enhancing business value, empowering the world’s leading brands to become more agile and adaptive enterprises,” said Hugo Gomez, vice president of Latin America at EPAM. “With the addition of hundreds of skilled engineers across LATAM, we’re excited to leverage Vates’ strong engineering capabilities, including cloud, testing, and Atlassian platform knowledge.”

The acquisition continues a push by EPAM to expand in Latin America.

In recent years, it has launched offices in both Bogotá and Medellín, Colombia, in addition to acquiring Colombia-based S4N to “help build a more agile, diverse global delivery organization,” according to the company.

EPAM says it will be gaining more than 500 engineers with the acquisition and the current “leadership team” of Vates is expected to stay in place, according to Bernardo Barra, CEO of Vates.

“With the addition of Vates, our team continues to grow as a leader in advanced digital services in LATAM with 3,000+ employees in the region,” said Ethan Matyas, senior vice president and head of delivery for North America at EPAM. “We look forward to enhancing global delivery for clients and bringing new opportunities for local technical talent, while reinvesting in their communities.”

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