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
Newtown, PA 18940
USA
Phone
Website
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
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Arkadiy Dobkin
Chief Financial Officer
Jason Peterson
Chief Marketing Officer
Elaina Shekhter
Executive Vice President
Balazs Fejes
Vice President
Victor Dvorkin
Vice President
Jason Harman
Vice President
Boris Shnayder
Vice President
Sergey Yezhkov
VP - Human Resources
Larry Solomon
VP - Operations
Yuriy Goliyad
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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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