Venture • Software

Euroventures Invests In EPAM Systems

On May 1, 2008, private equity firm Euroventures invested in software company EPAM Systems

Investment Context
  • This is Euroventures’ 1st transaction in the Software sector.
  • This is Euroventures’ 1st transaction in the United States.
  • This is Euroventures’ 1st transaction in Pennsylvania.
Investment Fate
  • EPAM Systems went public in 2012.

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Investment Summary

Date May 1, 2008
Target EPAM Systems
Sector Software
Investor(s) Euroventures
Deal Type Venture

Target Company

EPAM Systems

Newtown, Pennsylvania, United States
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.
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Investor Overview 1

Investor

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 Context for Investor #
Overall 3 of 14
Sector: Software 1 of 1
Type: Venture 2 of 6
State: Pennsylvania 1 of 1
Country: United States 1 of 2
Year: 2008 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 IND Group

Stuttgart, Germany

IND Group is a leading innovator providing online banking, mobile banking and PFM solutions with usability by design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-31 SkyEurope Airlines a.s.

Bratislava, Slovakia

SkyEurope Airlines was a low-cost airline headquartered in Bratislava, with its main base at M. R. Štefánik Airport (BTS) in Bratislava, Slovakia, and another base in Prague. The carrier filed for bankruptcy on 31 August 2009 and suspended all flights on 1 September 2009. With bases in Slovakia, Austria, and Czech Republic, it was the first multi-based airline in Central Europe. The airline operated short-haul scheduled and charter passenger services.

Sell -