Tech Company Financing Transactions

EPAM Systems Funding Round

Da Vinci Capital Management and Renaissance Capital invested in a $50 million capital raise for EPAM Systems. This venture round was announced by the company on 5/20/2008.

Transaction Overview

Company Name
Announced On
5/20/2008
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Undisclosed
Investors

Da Vinci Capital Management (Lead Investor)

Renaissance Capital (Lead Investor) (Andrew Corthwaite)

Proceeds Purpose
"Last year EPAM organically grew for over 50% and significantly surpassed the 2007 annual revenue target of US$100 million. To sustain such growth and successfully compete on the global market with best companies in the world, EPAM has to aggressively invest into global professional talent and infrastructure as well as to fund specific acquisitions in North America and Europe to broaden EPAM portfolio of services for the growing base of global clients. This capital raise provides us with an opportunity to do so now," said Arkadiy Dobkin, Chairman and CEO of EPAM Systems.

Company Information

Company Status
Publicly-held
Industry
Enterprise IT
Mailing Address
41 University Dr. 202
Newtown, PA 18940
USA
Email Address
Overview
EPAM (NYSE:EPAM) is a leading provider of software product development services. Main service lines are Core Engineering, Advanced Technology, Intelligent Enterprise, and Digital Engagement.
Profile
EPAM Systems LinkedIn Company Profile
Social Media
EPAM Systems Company Twitter Account
Company News
EPAM Systems News
Facebook
EPAM Systems on Facebook
YouTube
EPAM Systems on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Arkadiy Dobkin
  Arkadiy Dobkin LinkedIn Profile  Arkadiy Dobkin Twitter Account  Arkadiy Dobkin News  Arkadiy Dobkin on Facebook
Chief Financial Officer
Jason Peterson
  Jason Peterson LinkedIn Profile  Jason Peterson Twitter Account  Jason Peterson News  Jason Peterson on Facebook
Chief Marketing Officer
Elaina Shekhter
  Elaina Shekhter LinkedIn Profile  Elaina Shekhter Twitter Account  Elaina Shekhter News  Elaina Shekhter on Facebook
Executive Vice President
Balazs Fejes
  Balazs Fejes LinkedIn Profile  Balazs Fejes Twitter Account  Balazs Fejes News  Balazs Fejes on Facebook
Vice President
Victor Dvorkin
  Victor Dvorkin LinkedIn Profile  Victor Dvorkin Twitter Account  Victor Dvorkin News  Victor Dvorkin on Facebook
Vice President
Jason Harman
  Jason Harman LinkedIn Profile  Jason Harman Twitter Account  Jason Harman News  Jason Harman on Facebook
Vice President
Boris Shnayder
  Boris Shnayder LinkedIn Profile  Boris Shnayder Twitter Account  Boris Shnayder News  Boris Shnayder on Facebook
Vice President
Sergey Yezhkov
  Sergey Yezhkov LinkedIn Profile  Sergey Yezhkov Twitter Account  Sergey Yezhkov News  Sergey Yezhkov on Facebook
VP - Human Resources
Larry Solomon
  Larry Solomon LinkedIn Profile  Larry Solomon Twitter Account  Larry Solomon News  Larry Solomon on Facebook
VP - Operations
Yuriy Goliyad
  Yuriy Goliyad LinkedIn Profile  Yuriy Goliyad Twitter Account  Yuriy Goliyad News  Yuriy Goliyad on Facebook


 

 

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Where The Data Comes From

We do our best to report on every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.

 


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