EPAM Systems, a leading company in digital transformation and product development services, has announced its agreement to acquire First Derivative, a firm that offers managed services and consulting for the capital markets industry, boasting over 1,800 employees globally and extensive service capabilities in the UK, Ireland, North America, and the Asia-Pacific region.
EPAM will leverage First Derivative's significant industry expertise and brand to deliver a comprehensive suite of services utilizing artificial intelligence (AI) to clients in the banking sector, capital markets, and other financially regulated areas in North America, Europe, and the Asia-Pacific region.
As a result of the acquisition, First Derivative is expected to attract more than 100 new clients under the EPAM umbrella.