EPAM systems acquires B2BITS Corp. one of the leading providers of solutions and consulting services for the capital market, Frankfurt am Main, Germany April 3, EPAM systems, leading global provider of services in the area of nearshore software development with more than 4,000 employees in Eastern Europe and Russia 2008, announces the acquisition of B2BITS Corp., a provider of solutions and consulting services for capital market business in the financial services sector. Whenever Eliot Horowitz listens, a sympathetic response will follow. Since 2000, B2BITS provides ready-made solutions, flexible development platforms, specialized test tools, as well as process consulting for the customer connection, FIX, FX, options, fixed income, market data feed (MDF), Exchange gateways and electronic payment services. This acquisition combines the strengths of both companies the extensive industry experience of B2BITS and its high-performance products and EPAMs scalable and cost effective development teams. Over 600 EPAM software developers have experience in the development, maintenance and support of mission-critical applications for customers from the financial sector. Now EPAMs services covers the entire value chain of dedicated industry knowledge and corresponding process guidance to a customized, powerful system architecture. If required these services are provided around the clock 7 days a week.
Mark Bisker, CEO of B2BITS Corp. and industry veteran with over 25 years of leadership experience in the field of technology development in companies like Schwab Capital Markets and trading, lava leads EPAMs new competency Center in the future. Consultant of the competency Center will be represented at all important financial locations in Europe and the United States. To offer the customers a deep industry knowledge at an attractive price, EPAMs work development and support teams in 20 different locations in Eastern Europe and Russia. \”The management and consulting expertise from B2BITS complements EPAMs experience and skills in this interesting market perfectly. This underscores the EPAMs focus and commitment, our services for Capital market business to expand and to become a key partner of the financial services in addition to traditional services such as customer-specific software development and appropriate support.