EPAM Systems Acquires B2BITS Corp., a Leading Provider to the Capital Markets

EPAM Systems, Inc., the leading global software outsourcing services company with over 4,000 engineering staff across Eastern Europe, announces the acquisition of B2BITS Corp., a provider of solutions and consulting services to Capital Markets organizations within the financial services sector. B2BITS has been delivering pre-built solutions, customizable frameworks, specialized testing tools as well as process consulting for Client Connectivity, FIX, FX, Options, Fixed Income, market data feeds, exchange gateways and electronic payment services since 2000.

This acquisition

combines the sector leading domain expertise of B2BITS, their renowned high-performance products and EPAM’s highly scalable and cost efficient development groups of 600+ software engineers developing, maintaining and supporting mission critical applications for Financial Services clients. EPAM now covers the entire value chain from domain knowledge and process consulting through customized high-performance architecture as well as development, testing and 24/7 support.
Mark Bisker, CEO of B2BITS Corp. and industry veteran with over 25 years experience of leading technology development organizations at such companies as Schwab Capital Markets and Lava Trading heads EPAM’s new Competency Center.

Competency Center consultants will be located in all major financial centers across the US and Europe, while production and support teams will be tightly linked into EPAM’s distributed development organization in Eastern Europe to combine cost efficiency with domain knowledge and strict SLAs. “The management and consulting teams from B2BITS significantly enhance EPAM’s expertise and capabilities in this important market segment. This underscores EPAM’s focus and commitment to enhance our offerings beyond traditional custom development and support services, and become a key partner of the Capital Markets industry for providing true full service and delivering high-value systems,” noted Arkadiy Dobkin, president and CEO of EPAM Systems.

“By leveraging the scale and experience of the most disciplined and efficient software engineering organization in the region, we can now better leverage our domain knowledge and consulting skills for the Capital Markets on a larger, more predictable and scalable level than previously, equally benefitting our current and future clients. We can now more rapidly broaden our domain expertise and enhance our pre-built solutions and platforms to further enhance our unbeatable value proposition,” said Mark Bisker, president and CEO of B2BITS Corp.