M&A Deal Summary

EPAM Systems Acquires Ricston

On September 2, 2020, EPAM Systems acquired information technology company Ricston

Acquisition Highlights
  • This is EPAM Systems’ 6th transaction in the Information Technology sector.
  • This is EPAM Systems’ 1st transaction in Malta.

M&A Deal Summary

Date 2020-09-02
Target Ricston
Sector Information Technology
Buyer(s) EPAM Systems
Deal Type Add-on Acquisition

Target

Ricston

Birkirkara, Malta
Ricston Ltd. is an integration and connectivity service provider help across the full cycle of digital transformation including legacy modernization, software integration, Open API and Centre for Enablement (C4E). Ricston was founded in 2006 and is based in Birkirkara, Malta.

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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 18 of 28
Sector: Information Technology M&A 6 of 12
Type: Add-on Acquisition M&A Deals 18 of 28
Country: Malta M&A 1 of 1
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-20 Deltix

Natick, Massachusetts, United States

Deltix, Inc. provides software and services for quantitative research, algorithmic trading and execution analytics across equities, futures, options, FX, fixed income and digital assets. Deltix was founded in 2005 and is based in Natick, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 PolSource

Austin, Texas, United States

PolSource is a salesforce platinum partner provides consulting services to retail and consumer goods, manufacturing, automotive, and technology companies. PolSource was founded in 2006 and is based in Austin, Texas.

Buy -