It takes just a few seconds. Tension over the conflict in Ukraine -- and the role U.S. companies should play in opposing Russias invasion -- is playing out within Epam Systems Inc., a Pennsylvania-based company with a large work force in Ukraine. EPAM (NYSE: EPAM) on Friday announced its "full support of Ukraine," pledging an incremental $100 million humanitarian commitment to support employees and their families in Ukraine. 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Under his leadership, EPAM has grown from a New Jersey-based start-up with Eastern European roots to become the foremost global digital transformation services provider - . These are good people., Belarus, which has been dubbed Europes last dictatorship, led a brutal crackdown against pro-democracy protests last year, and now imposes prison sentences of up to seven years for just following opposition accounts on the messaging app Telegram. You always hear about the big American companies that dominate the global industry - but you hear far less about the small ones (if anything at all), even when it comes to the ones on the rise. Crypto. Founded in 1981 by Dr. Suhas Patil, today Jason P Rhode leads the company. They were sent a questionnaire, the results of which were selected 12 contestants. Arkadiy's mailing address filed with the SEC is 41 UNIVERSITY DRIVE, SUITE 202, , NEWTOWN, PA, 18940. Mr. Dobkin has served as Chairman of the Board, Chief Executive Officer and President since December 2002 and is one of our co-founders. Zeltzer worked for the US-based information technology firm Epam, whose founder and CEO, Arkadiy Dobkin, is a Jew from Belarus who now lives in the United States. Presently, he is Chairman, President & Chief Executive Officer at this company. With a five-year EPS growth rate of 144% and a five year sales growth of 31%, the future looks bright for the company. Culture, art and travel are crucial to her lifestyle and central to her writing. The business owners that power this multibillion dollar industry are changing, and a new era of the business of sports is underway. The most active insiders traders include Donald Spencer, Partners Ii Lp Russia Partn, and Andrew Guff. From media and technology to finance and real estate, leagues and teams across the globe have matured into far more than just back page entertainment. Founded in 2003, InvenSense came at just the right time of technological explosion: itsMotion Tracking sensor system on a chip is fast becoming essential toelectronic devices, providing an intuitive way for consumers to interact with their electronic devices by tracking their motions in free space and delivering them as input commands. Arkadiy Dobkin founded EPAM Systems, Inc. Taking into account various assets, Arkadiy's net worth is greater than $499,999; and makes between $200 - 249,999 a year. She enjoys uncovering niche culture scenes wherever she goes, and spreading the word about them. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=28688&cache=false" The oldest executive at EPAM Systems Inc is RonaldVargo, 66, who is the Non-Executive Lead Independent Director. Polina Dobkin, March 17, 2020. In the nearly 30 years since, the Newtown-headquartered . Mr. Dobkin owns 1,361,893 shares of EPAM Systems stock worth more than $416,780,115 as of February 26th. Arkadiy Dobkin, CEO of EPAM Systems, shares his views at the biggest SAP Business conference in CIS (SAP NOW Online 2020, April 23). Zeltzer's employment by a US. To commemorate the milestone, Arkadiy Dobkin, EPAM's Chairman of the Board, CEO & President, joined by members of EPAM's management team, board of directors, and invited guests will preside over . Holt has been prioritising customer feedback and is determined to engage with customers on a new level. Epam shares rose 16% higher on March 2, but are still down nearly 62% since the start of the year. With sales at $866 million, over 1.000 patents, 600-plus products, and serving more than 2.500 customers globally,Cirrus Logic Inc. has truly taken off. He received a graduate degree from Byelorussian National Technical University. Rahul Singh, a principal at outsourcing consulting firm Pace Harmon, who attended college in Ukraine and earned a degree there in computer science, says the Ukraine has a huge potential as a technical center. Political hackers attack Russia, Nazi defacement, threaten US CENTCOM with Bings AI chatbot came to work for me. Member and former chairman of the Board of the "Infopark" Association. The ever-evolving industry of technology consists of cutting-edge products and services, rising demands of customers, competition by rivals and a talent pool. EPAM Systems Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Enter your search query or select one from the list of frequent Just two years after immigrating to the United States from Belarus, Arkadiy Dobkin launched EPAM Systems in his basement. "We've seen tremendous disruption brought forth by the COVID-19 crisis," said Arkadiy Dobkin, CEO & President, EPAM Systems, Inc. "Our focus has been directed first and foremost on ensuring the safety and security of our people around the world, as well as the communities in which we all live and work. (No news organization has reported that Zeltzer was American.) Its completely outside the lawwe will be killed; we will be destroyed., Dobkin also defended his initial statement on the war, which mentioned neither President Putin, Russia nor his native Belarus. If he had sent this to me, I would have told him that this was impossible and was putting our employees around the world in danger., In the wake of Chernikovs email, Epam warned staff that supporting distributed denial of service or other hacks on Russian websites were illegal, and shut down attempts to use company accounts to lobby support for Ukraine from clients. Dobkin was one of them. Biography of Arkadiy Dobkin Arkadiy Dobkin founded EPAM Systems, Inc. Reports have suggested that war in Ukraine had fueled tensions between Ukrainian, Belarusian and Russian staff within the company but several Epam workers who spoke with Forbes say that they had received risky publicand privatemessages of support from colleagues across the front lines. CEO Arkadiy Dobkin credited the solution provider's emerging digital technology practice with propelling EPAM to its 17th quarter of growth out of the last 18. Do you think any other commercial company in the United States will allow its infrastructure to be used for cyberattacks? asks Dobkin. See Arkadiy Dobkin's compensation, career history, education, & memberships. I do not even care about being fired. . In June 2008, Ernst & Young named Mr. Dobkin Entrepreneur Of The Year in the Information Technology Consulting category. Mr. Dobkin owns over 4,959 units of EPAM Systems Inc stock worth over $459,375,982 and over the last 11 years he sold EPAM stock worth over $282,570,144. In May 2021, EPAM ranked 1,804 on the Forbes Global 2000 list. Arkadiy Dobkin is the CEO, President and Chairman of the Board at EPAM Systems. Questcor focuses on neurology, nephrology and rheumatology, which are medical areas whose needs remain somewhat neglected. Also that year, EPAM launched InfoNgen, a text analytics and sentiment analysis enterprise software product that uses artificial intelligence. "We are pretty sure that common sense will win in this case," said Dobkin. Many of Belaruss Jews, especially among the younger generations, are displeased by the lack of democratic representation and an independent judiciary in the country. On this Wikipedia the language links are at the top of the page across from the article title. Belarus has about 9,500 people who identify as Jews. This was a cosmopolitan, enjoying state benefits to fatten himself up and live in two countries, to make money here and spend it there, Ryhor Azaronaksaid about Zeltzer, who he said was a US citizen. Explore our enterprise software products, open source solutions and accelerators on. EPAM's global teams serve customers in more than 35 countries across North America, Europe, Asia and Australia. Very strong engineering schools are a legacy of the former Soviet Union. Arkadiy Dobkin is major Belarusian businessmen. 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Even after his work accounts were suspended, and the email chain shut down, Chernikovs demands continued to spiral across LinkedIn, Telegram and Facebook. 2023 EPAM Systems, Inc. I have a very strong reason why. Patrick Thibodeau covers SaaS and enterprise applications, outsourcing, government IT policies, data centers and IT workforce issues for Computerworld. Arkadiy Dobkin is 59, he's been the Chairman of the Board, President, and Chief Executive Officer of EPAM Systems Inc since 2002. EPAM was named as one of Fortunes 100 Fastest-Growing Companies in 2019. The company also launched EPAM SolutionsHub, a catalogue of its software products, accelerators and open source platforms. But the stock has lost half its value since December on fears the Russian . Fleetcoris a successful, leading independent global provider of specialised payment products. Cirrus Logicis afabless semiconductor supplierspecializing in analog, mixed-signal, and audioDSPintegrated circuits. The oldest executive at EPAM Systems Inc is Ronald Vargo, 66, who is the Non-Executive Lead Independent Director. Amazon Is Closing Its Cashierless Stores in NYC, San Francisco and Seattle, Amazon Pauses Construction on Second Headquarters in Virginia as It Cuts Jobs, Stock Traders Are Ignoring Blaring Bond Alarms, iPhone Maker Plans $700 Million India Plant in Shift From China, Russia Is Getting Around Sanctions to Secure Supply of Key Chips for War. This page was last edited on 1 March 2023, at 07:19. [17] That year, the company launched EPAM Continuum, its service for business, experience and technology consulting. Inc., a leading digital transformation services and product engineering company. Arkadiys from Belarus, and he has an intimate background of how things happen there, says a senior Epam staffer who asked not to be named. Set up by a small group of entrepreneurs in Kansas 20 years ago, the company has expanded well beyond its creators' expectations. Thanks Arkadiy Dobkin, Larry Solomon Mariia Teslyak. Zeltzers employment by a US company has drawn additional attention to the incident, the latest in what appears to be an accelerating crackdown by Lukashenko on his critics. Today, EPAM is a Forbes Global 2000 company and a part of the S&P 500 Index. At any other company he would have been fired immediately, says Dobkin, who had last week announced plans to step up hiring in India and Latin America to reduce Epams reliance on Ukraine, Russia and Belarus. In 2009, Arkadiy Dobkin,was named "Man of Action" in the nomination "For the active involvement and effective use of foreign investment. [15], The company also productized TelescopeAI, an artificial intelligence-based platform for IT operations and workforce management, which won a 2019 Big Innovation Award presented by the Business Intelligence Group.[16]. Beloved grandmother of Evgenia, Elena, Alex, Dasha, Katiy, Lucy, Danny . [5][6], In 2004, EPAM acquired Fathom Technology, a software development services company based in Budapest, Hungary, expanding its offshore services beyond North America. As of 13 December 2021 he still owns at least 1,251,808 units of EPAM Systems Inc stock. This was a kind of blackmail with specific demandsincluding supporting the [Ukrainian] military with cyberattacks, says Dobkin, adding that Chernikov has been suspended. Read More . External observers and opposition activists have said the elections were a sham and thousands, includinga number of Jewish activists,have been arrested. New Investor: Siguler Guff & Company. In December 2021, EPAM joined the S&P 500 American market index. The men had orders to arrest him, according toBelarusian media, and the government said Zeltser killed one of them. On average, EPAM Systems Inc executives and independent directors trade stock every 9 days with the average trade being worth of $34,017,520. After the incident, an anchor on STV, a state television channel, delivered a critique of Zeltzer that echoed antisemitic criticism often applied to Jews in the Soviet Union, to which Belarus belonged. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? The situation in Ukraine has not yet impacted IT services delivery, although "it will increase the perception of risk," said H. Karthik, a vice president at the Everest Group. [28] According to Forbes, Dobkin defended his statement, which didn't mention Putin, Russia or his native Belarus, saying the company could not use its infrastructure for cyberattacks and had to protect EPAM employees in Russia and Belarus from political reprisals that are common in those countries. But shares of the Newtown, Pennsylvania-based company dropped more than 45% after the Russian invasion of Ukraine. Could the government cancel elections? Unlike other news outlets, we havent put up a paywall. Its five-year sales growth is of 14% - and has the potential for further development in years to come. Singh said knows a lot of people in the Ukraine who have earned advanced degrees in engineering, and "who are doing work outside the industry because there isn't enough opportunity.". EPAM acquired Israel-based cybersecurity services provider White-Hat Ltd. in May 2021.[23]. Presently, he is Chairman, President & Chief Executive Officer at this company. So be persistent, patient, and do not stop in the middle of the road.. So which brands and enterprises have proven themselves? Arkadiy Dobkin is the CEO & Co-founder at EPAM Systems. The business has since expanded its scope to include engineering work for a number of vertical industries, including financial services and media. Dobkin was lambasted on LinkedIn, Facebook and Twitter. Wall Street is Looking Bullish on . It was initially selected 120 prominent figures in Belarusian business, which was composed of the short list with 67 names. Arkadiy Dobkin is a President, Chief Executive Officer & Chairman of the Board at EPAM Systems based in Newtown, Pennsylvania. Sales currently stand at a rewarding $804 million. I have senior people in Belarus and I know if I risk this, they can be arrested, says Dobkin. Once registered, youll receive our Daily Edition email for free. 10 years later and I am still very happy to be part of EPAM Systems's amazing journey! Company sales stand at$238 million with a five-yearsales growth of 20%, and a five-year EPS growth of 19%. In the war many factories, brands and companiesthey work for the needs of the war and change their business model.. If I were there, I couldnt do anything. src="" alt="" class="gallery-slider__content__img" height="", data-src="/web/show-photo.jpg?id=28685&cache=false" EPAM is a founding member of the MACH Alliance. 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Fixing corporate Americas thorny software problems with tech talent from across the former Soviet Union helped Epam to grow to $3.7 billion in sales last year. You can see the complete history of Mr. Dobkin stock trades at the bottom of the page. [26], In 2022, EPAM announced several strategic acquisitions and investments, including a majority stake in U.S. software firm Contino and a minority stake in U.K. AI-driven data analytics firm Noodle.io. Things were already looking up for Proto Labs, and Holt is pushing the success even further: company sales are at $143 million, the five year sales growth is of 30%, and the five-year EPS growth is at 51%. When you can do something, you should do something., This is a BETA experience. I never said Arkadiy is a bad guy but I wanted him to be a hero, a true leader in this situation. Defining how a no-holds-barred Russia-Ukraine cyberwar would play out, 5 reasons why your IT job search is getting harder, Sponsored item title goes here as designed. Maxsym Chernikov hit Send. The email demanding that his employer, EPAM Systems, an S&P 500 outsourcing company with a large workforce in Ukraine, denounce Russian President Vladimir Putins invasion of Ukraine landed in over 58,000 inboxes. In 2019, KMWorld Magazine named EPAM in the list of 100 significant companies in the field of knowledge management. The estimated Net Worth of Arkadiy Dobkin is at least $733 Milion dollars as of 13 December 2021. entrepreneur And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. During the 2022 Russian invasion of Ukraine, tensions between the firm's 14,000 Ukrainian employees and the 18,000 Belarusian and Russian staff sparked dissension when the CEO Arkadiy Dobkin refrained from publicly condemning Russia in a statement on LinkedIn and rejected calls to assist the Ukrainian military. What happens to the notes placed in the Kotel? Copyright 2023 IDG Communications, Inc. Through its 'Engineering DNA' and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. The estimated Net Worth of Arkadiy Dobkin is at least $746 Million dollars as of 13 December 2021. Sales are at $487 million and the company's five-year EPS growth is at 61%. The company has also paid staff a $1,000 emergency grant, supplied volunteers to relief efforts and worked with SpaceX to transport and install Starlink satellite systems donated by Elon Musk in Ukraine. Over the last 11 years, insiders at EPAM Systems Inc have traded over $1,560,580,967 worth of EPAM Systems Inc stock. Incorrect password. With sales at $558 million, and a five-year EPS growth of 104%, it seems that Grand Canyon Education is in for the long run. "EPAM Reports Results for Full Year 2022", "Know The Success Story of EPAM Systems and its Journey", "EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte & Touche Technology Fast 500", "EPAM Systems, Inc. successfully listed on the New York Stock Exchange", "EPAM Systems, Inc. (EPAM) Stock Price, News, Quote & History - Yahoo Finance", "Epam merges to expand offshore services", "PhillyDeals: EPAM Systems buys Conshohocken's Empathy Lab", "EPAM Acquires Continuum, Expanding Global Innovation, Design and Physical Product Development Capabilities", "Global software firm buys digital agency TH_NK", "EPAM Launches InfoNgen 7.0 to Improve Actionable Insights", "EPAM Wins 2019 Big Innovation Award For TelescopeAI, An AI-Enabled Platform To Help Businesses Manage The ir IT Operations", "EPAM Joins Blockchain in Transport Alliance, Largest Association in the World | EPAM", "Why Open Source Software is Critical to the Future of Financial Services", "EPAM Adds Engineering Scale with Colombia Acquisition", "EPAM Systems Acquires CORE SE For Undisclosed Sum To Expand Western European Presence", "Israel Cybersecurity Co White-Hat Bought Out By EPAM For $50 Million", "EPAM Expands Salesforce Capabilities with Acquisition of PolSource", "Emerald to acquire Innospec Widnes to expand its footprint in global fragrance industry", "Ukraine Stance by U.S. Tech Firm Epam Sparks Internal Dissension", "Ukraine War Divides Employees At American Tech Company That Straddles The Front Lines", "EPAM ", "EPAM Systems Begins Process of Exiting Operations in Russia", " EPAM ", "EPAM Systems Starts Exiting Russian Operations After Ukraine Invasion", "EPAM Systems Acquires B2BITS Corp., a Leading Provider of Solutions and Consulting Services to the Capital Markets", "EPAM Strengthens Its Business Information Services Offerings by Acquiring Instant Information, a Leading Provider of Cloud Based Information Management and Discovery Services", "EPAM Acquires Healthcare Technology Consulting Firm, Netsoft USA", "EPAM Acquires Jointech, Expands China-Based Delivery Capabilities", "EPAM Acquires Great Fridays, Product and Service Design Company", "EPAM Expands Digital Engagement Practice With Acquisition of NavigationArts", "EPAM Enhances Global Delivery Capabilities and Extends Footprint in China with Acquisition of Dextrys", "EPAM Expands Education and Learning Offerings With Acquisition of Competentum", "EPAM Acquires NAYA Technologies, An Israeli and US-Based Consultancy Specializing in Complex Cloud Migration and Data Management Services", "EPAM Acquires Ricston Ltd., Expanding Global API Practice and Salesforce Capabilities", "EPAM Enhances Salesforce Capabilities With PolSource Buyout", "American tech giant EPAM acquires Israeli security startup White-Hat", "EPAM Systems (EPAM) Acquires Emakina, Boosts Digital Portfolio", "EPAM Acquires Optiva, Boosts Digital Transformation Portfolio", "EPAM Named to Forbes List and Wins Oracle Award", "EPAM Ranked #8 on Forbes' List of 25 Fastest Growing Public Tech Companies", "EPAM Again Joins Forbes' List of 25 Fastest Growing Public Tech Companies", "HFS Top 10 Travel, Hospitality, and Logistics Service Providers", " EPAM TelescopeAI BIG Innovation Award 2019", "KMWorld 100 Companies That Matter in Knowledge Management 2019", https://en.wikipedia.org/w/index.php?title=EPAM_Systems&oldid=1142236235, Companies listed on the New York Stock Exchange, Companies based in Bucks County, Pennsylvania, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, Consulting services and technology solutions, Digital Strategy & Omnichannel Experience Design, Telecommunications, Agile, Business Intelligence & Mobile, Investment Banking, Wealth & Asset Management, Product Development Services & Test Automation, Software engineering and application services, Digital Strategy, Experience Design & Innovation Studios, Digital Consulting, Strategy & Experience Design, Educational Content Services & Learning Platform, Software and services provider for quantitative research, algorithmic and automated systematic trading, Software integration and connectivity solutions provider, SAP/S4HANA/Enterprise data and analytics program management, Consulting, strategy and transformation services, Product development and digital services (media/entertainment). Last updated: 15 September 2022 at 4:33pm EST. Now he employs 10,000 programmers in his native Belarus and elsewhere in eastern Europe, developing. Several weeks ago, I was privileged to visit Kyiv and see the . Dozens of current and former Epam employees sharply criticized a LinkedIn post from the companys chief executive officer, Arkadiy Dobkin, that vowed support for Ukraine but didnt mention or condemn Russias actions. 6 Arkadiy Dobkin - EPAM Systems. Mr. Dobkin is also on the board of EPAM Systems Ltd. Arkadiy Dobkin - CEO and President Jason Peterson - CFO Conference Call Participants Bryan Bergin - Cowen Jamie Friedman - Susquehanna Ashwin Shirvaikar - Citi Maggie Nolan - William Blair. The war has also left the company with about 32,000 employees divided by the new front line between Ukraine, Russia and Belarus. Harry Herington has been NIC company president since 2006, and CEO since 2008. Enter your search query or select one from the list of frequent searches below. Use up and down arrows to review and enter to select. With sales at $493 million and a five-year growth rate of 30%, EPAM Systems is one of America's most successful small businesses. This list is based on the Forbes ranking of the best performing small American public companies - 'small' is still pretty huge, of course, as it's defined as sales under $1 billion. Rachel Jacoby Rosenfield opened her Riverdale home to a family of Ukrainian refugees. 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