Narayan AmmachchiUS-based IT consulting firm EPAM Systems made yet another strategic acquisition in Latin America, signaling a shift in the company’s focus away from Eastern Europe.
EPAM recently finalized the acquisition of Vates, a prominent software development company based in Cordoba, Argentina. Vates has over 500 professionals on its team and operates delivery centers in Colombia and Chile.
Thomson Reuters, Mexican telecom firm Claro and Argentinean bank Bancor are just some of Vates’ more relevant clients, showcasing the company’s strong foothold in the Latin American market.
Established in 1991, Vates offers a wide array of services comparable to those provided by EPAM, including software development, application testing, data analytics and IT maintenance and support.
EPAM’s move shows a clear shift towards the Americas. The company has been historically based in Belarus and other Eastern European countries. It also has a strong pressence in Mexico already, where it employes more than 100 people.
EPAM’s latest acquisition brings its Latin American headcount to over 3,000. Back in 2021, the company acquired Colombian software firm S4N. It has also recently unveiled new delivery centers in the Colombian cities of Bogota and Medellin.
Analysts attribute EPAM’s aggressive expansion in Latin America to the evolving needs of its global clientele. Reports from local media outlets also point to access to a skilled technology talent pool playing a pivotal role in EPAM’s strategic endeavors in the region.
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