TITLE

Outsourcing Provider Epam Buys FIX Vendor

AUTHOR(S)
Iyer-Ahrestani, Savita
PUB. DATE
April 2008
SOURCE
Securities Industry News;4/21/2008, Vol. 20 Issue 16, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of B2Bits by Epam Systems in 2008. The entry notes that the acquisition has led to the development of a Capital Markets Competency Center which leverages the strengths of both companies. In line with this, Epam and B2Bits note their confidence in delivering good work at a cheap price. Also mentioned are B2Bits' clients which include ABN Amro, Citigroup, and Merrill Lynch & Co. Analysts infer that the deal was driven by Epam's desire to differentiate itself from other firms in Central and Eastern Europe.
ACCESSION #
31890056

 

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