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  5. EPAM Systems Acquires Fathom Technology Kft.

M&A Deal Summary

EPAM Systems Acquires Fathom Technology Kft.

On March 16, 2004, EPAM Systems acquired software company Fathom Technology Kft. from Euroventures

Acquisition Highlights
  • This is EPAM Systems’ 1st transaction in the Software sector.
  • This is EPAM Systems’ 1st transaction in Hungary.

M&A Deal Summary
Date 2004-03-16
Target Fathom Technology Kft.
Sector Software
Buyer(s) EPAM Systems
Sellers(s) Euroventures
Deal Type Add-on Acquisition
Advisor(s) McNamee Lawrence & Co. (Financial)

Target

Fathom Technology Kft.

Budapest, Hungary
Fathom Technology Kft. develops enterprise solutions on component-based platforms such as SOAP, XML, and Web Services. The company also develops solutions on J2EE and .NET platforms.

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Buyer(S) 1

Buyer

EPAM Systems

Newtown, Pennsylvania, United States
Category Company
Founded 1993
Sector Software
Employees61,200
Revenue 4.7B USD (2024)
DESCRIPTION

EPAM Systems is a provider of digital engineering, cloud, and AI-enabled transformation services, as well as a business and experience consulting partner for global enterprises and ambitious startups. EPAM Systems was incorporated in 1993 and is based in Newtown, Pennsylvania.

DEAL STATS #
Overall 1 of 28
Sector: Software M&A 1 of 9
Type: Add-on Acquisition M&A Deals 1 of 28
Country: Hungary M&A 1 of 1
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-03 B2BITS

Moonachie, New Jersey, United States

B2BITS Corp. is a provider of solutions and consulting services to Capital Markets organizations within the financial services sector. B2BITS has been delivering pre-built solutions, customizable frameworks, specialized testing tools as well as process consulting for Client Connectivity, FIX, FX, Options, Fixed Income, market data feeds, exchange gateways and electronic payment services.

Buy -

Seller(S) 1

SELLER

Euroventures

Budapest, Hungary

Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 110M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

Euroventures Zrt. is a private equity firm that targets smaller company investments in Central Europe. Euroventures looks to partner with management and will consider businesses in a wide range of sectors. The Firm targets businesses valued between EUR5 and EUR30 million. Euroventures was formed in 1989 and is based in Budapest, Hungary.

DEAL STATS #
Overall 1 of 8
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 5
Country: Hungary M&A 1 of 4
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 UCMS Group

Budapest, Hungary

UCMS Group offers the widest range of HR, Payroll, and Accounting outsourcing services and products for the demanding requirements of local and international companies of various sizes and industries. UCMS Group was founded in 1995 and is based in Budapest, Hungary.

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