M&A Deal Summary

EPAM Systems Acquires Neoris

On September 4, 2024, EPAM Systems acquired information technology company Neoris from Advent International

Acquisition Highlights
  • This is EPAM Systems’ 12th transaction in the Information Technology sector.
  • This is EPAM Systems’ 14th transaction in the United States.
  • This is EPAM Systems’ 1st transaction in Florida.

M&A Deal Summary

Date 2024-09-04
Target Neoris
Sector Information Technology
Buyer(s) EPAM Systems
Sellers(s) Advent International
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity (Financial)
Simpson Thacher & Bartlett
Creel-García-Cuéllar, Aiza y Enríquez (CREEL)
DLA Piper
Freshfields Bruckhaus Deringer (Legal)

Target

Neoris

Miami, Florida, United States
Neoris is a provider of an information technology (IT) consulting and systems integration services. Neoris was founded in 2000 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

EPAM Systems

Newtown, Pennsylvania, United States

Category Company
Founded 1993
Sector Software
Employees53,150
Revenue 4.7B USD (2023)
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 27 of 28
Sector (Information Technology) 12 of 12
Type (Add-on Acquisition) 27 of 28
State (Florida) 1 of 1
Country (United States) 14 of 14
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Odysseus Data Services

Cambridge, Massachusetts, United States

Odysseus Data Services is a health data analytics company that generates healthcare data insights and evidence for clients through skilled data science and analytics, software engineering and data management and ontology and vocabulary management. The company's focus on a standardized and systematic approach to healthcare data analytics is the foundation for a better understanding of the inner workings of healthcare interventions in drug treatment, drug safety and efficacy, epidemiological research, provider support, quality measurements and cost reduction. Odysseus Data Services was formed in 2015 and is headquartered in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-07 First Derivative

Newry, Ireland

First Derivative delivers engineering, technical, and business services to help financial institutions, including the top 20 global banks, stay compliant, reduce costs, and enhance efficiency through tech modernization. First Derivative is based in Newry, Ireland.

Buy -

Seller(S) 1

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 222 of 222
Sector (Information Technology) 14 of 14
Type (Add-on Acquisition) 82 of 82
State (Florida) 8 of 8
Country (United States) 79 of 79
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-12 Seek Pet Food

Shandong, China

Seek Pet Food is a manufacturer of kibbles in China and offers a variety of pet food products in the premium and mid-end segments. The product range includes kibbles, baked food, freeze-dried food, wet cans, wet pouches, and treats. Seek Pet Food was established in 2012 and is based in Shandong, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Siesa

Cali, Colombia

Siesa is an ERP software provider that offers flexible deployment options including cloud-based and on-premise solutions that cater to diverse operational needs. Siesa is based in Cali, Colombia.

Buy -