Deltix Announces Acquisition by EPAM Systems, Inc.
Deltix, Inc. announced that it has been acquired by EPAM Systems, Inc., a leading global provider of digital platform engineering and software development solutions. As part of EPAM, Deltix will form a real-time computing lab that provides a center of excellence for industry-leading real-time event processing and analytics. The lab will focus on capital marketing trading, risk and market data, as well as crypto trading, IoT and real-time signal processing.
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“We are pleased to welcome Deltix to EPAM. Deltix’s deep experience in quantitative research, algorithmic trading and execution analysis will be a valuable addition to EPAM’s growing FinTech practice, while also enabling us to expand these capabilities to other industries where real-time event processing is critical,” said Balazs Fejes, EVP, Co-Head of Global Business, EPAM Systems, Inc. “With our combined expertise, we look forward to helping our global customers gain actionable intelligence through event-driven data analytics.”
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Deltix will continue to develop its current business of providing software and services for systematic and algorithmic trading clients, while EPAM will leverage Deltix’s technology and expertise across its various practices that span multiple industries, including financial services, travel and hospitality, retail and distribution, media and entertainment, business information services, healthcare and life sciences, energy and utilities, insurance, automotive, and software and hi-tech.
“We are very excited to join EPAM,” said Ilya Gorelik, Founder & CEO, Deltix. “With EPAM’s extensive software engineering and delivery capabilities, we will be able to expand our existing software and services business in real-time event processing and analytics to our current and future global customers.”
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