EPAM Expands its Reach in Latin America with Acquisition of Vates
Staying competitive as technology evolves can be challenging. However, finding the right technology solution partner with next-gen delivery capabilities can significantly ease digital transformation initiatives. EPAM Systems announced its acquisition of Vates S.A., a multi-award-winning software development company with offices in Argentina and Chile. Vates will enhance EPAM’s software development portfolio and diversify its Latin America delivery capabilities.
“Vates shares our Engineering DNA and integrated consulting approach for accelerating digital transformation and enhancing business value, empowering the world’s leading brands to become more agile and adaptive enterprises,” said Hugo Gomez, Vice President of Latin America at EPAM. “With the addition of hundreds of skilled engineers across LATAM, we’re excited to leverage Vates’ strong engineering capabilities, including cloud, testing and Atlassian platform knowledge.”
Vates is an established market leader that delivers end-to-end solutions for leading enterprise clients across multiple industries including finance, healthcare, high-tech, media and telecommunications. Since 1991, it has focused on technology research and innovation to provide services such as custom software development, application testing, digital consulting, system integrations, big data analysis and IT maintenance and support. Vates’ global clients include Thomson Reuters, telecommunications giant Claro and financial services provider Bancor.
“We’re pleased to welcome Vates and their team of 500+ talented engineers to EPAM as we further develop next-gen solutions to support today’s most complex technological challenges,” said Ethan Matyas, Senior Vice President and Head of Delivery, North America at EPAM. “With the addition of Vates, our team continues to grow as a leader in advanced digital services in LATAM with 3,000+ employees in the region. We look forward to enhancing global delivery for clients and bringing new opportunities for local technical talent, while reinvesting in their communities.”
“We’re excited to join forces with EPAM and serve our clients at a greater scale with advanced technologies and services,” said Mario Barra, Co-Founder of Vates. “Together, we combine an unmatched software engineering heritage and creativity to deliver enhanced multidisciplinary engagements to customers in the Americas and worldwide.”
In recent years, EPAM has been rapidly expanding in LATAM by adding offices in Bogotá and Medellín, Colombia, and acquiring Colombia-based S4N to help build a more agile, diverse global delivery organization. In the process, EPAM has been recognized as a Preferred Tech Company Among Young Professional in Colombia, Top 10 Best Companies for Young Professionals in Mexico, Newsweek Top 100 Most Loved Workplace and top employer in multiple locations worldwide by Glassdoor, Great Place to Work, Built In and Kununu.
Bernardo Barra, CEO of Vates, said, “We are thrilled to embark on a new and exciting journey with EPAM, a natural partner that shares our company values and vision for growth. Our leadership team will stay in place as we maintain our dedication to our clients and employees and explore new possibilities that leverage our combined expertise and strengths in software engineering, design, cloud, data and AI.”