EPAM Systems Establishes a Presence in Azerbaijan to Offer Digital & AI-Native Transformation Services

Partnering with Public & Private Sectors to Address the Challenges & Opportunities, across Multiple Industries

NEWTOWN, Pa.--(BUSINESS WIRE)--EPAM Systems, Inc., (NYSE: EPAM) a leading global provider of digital transformation and AI-Native product engineering services, has announced that it is establishing a presence in Baku, Azerbaijan. In partnership with the Innovation and Digital Development Agency (IDDA) of Azerbaijan, EPAM will provide support for private and public sector innovations, digital education and AI-powered services in addition to direct engagements with companies across such industries as energy, finance and telecommunications.

This step reflects EPAM’s continued commitment to serving global and regional clients by designing, building, deploying and supporting best-in-class solutions that drive enterprises and governments to transform through the use of advanced technology. Enabled by IDDA’s fast-track soft-landing program, EPAM is considering a Technopark residency which will serve to better align their local teams with Azerbaijan’s national digital priorities.

Yury Antaniuk, vice president at EPAM said, “Azerbaijan stands out as a bold, fast-moving country with a clear digital vision. We are excited to contribute to its transformation journey by combining local talent with global best practices and advanced technologies.”

EPAM’s collaboration with IDDA will focus on developing next-generation digital public services, advancing data standardization and interoperability for government systems, launching an executive leadership platform to support digital transformation, and implementing generative AI solutions within the public sector.

Farid Osmanov, chairman of IDDA, welcomed EPAM’s decision to enter the market, emphasizing that the Company’s decision to establish operations in Azerbaijan validates national efforts to create a fertile environment for global tech leaders. He highlighted that the partnership would play a significant role in advancing digital governance, AI capabilities, and human capital development as well as enhance the Country’s role in ICT-enabled services and technology exports.

Azerbaijan’s growing digital economy, increasing digitalization of public e-services, and expanding pool of IT professionals offer the right conditions for regional delivery. Its geographic position—connecting Central Asia, the Middle East and Eastern Europe—also strengthens its role for EPAM’s existing operations in Caucasus in digital identity, platform engineering, and artificial intelligence, supporting both domestic innovation and cross-border ICT export growth.

In addition, EPAM’s presence will contribute to innovation programs, provide mentorship to local startups and actively participate in technology and policy events across the region.

About EPAM Systems

Since 1993, EPAM Systems, Inc. has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments.

We leverage AI and GenAI to deliver transformative solutions that accelerate our clients' digital innovation and enhance their competitive edge. Through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation.

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as Most Loved Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services.

Learn more at www.epam.com and follow us on LinkedIn.

Forward-Looking Statements

This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.