EPAM Systems to acquire the First Derivative business of FD Technologies for £230m.

EPAM Systems, an American company that specializes in software engineering services, digital platform engineering, and digital product design, agreed to acquire the First Derivative business of FD Technologies, a provider of products and consulting services to some of the world's largest finance, technology and energy institutions, for £230m. "Bringing together the First Derivative Business and EPAM marks the beginning of a distinctive enterprise that will not only enhance value for our clients but also foster substantial growth opportunities for our teams. Leveraging their strong Business and Technology services heritage, especially in capital markets, allows us to expand our financial services solutions portfolio to our clients, who need to evolve and scale their digital ecosystems, gain greater data insights and enhance operations while minimising risks and maintaining regulatory compliance. And we are enthusiastic about enhancing our partnership with KX, focusing significant resources to strengthen this collaboration," Balazs Fejes, EPAM President of Global Business and Chief Revenue Officer.