EPAM completes Alliance Global Services acquisition; reports put price at $50 million
Tom Paine
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I haven't seen an SEC filing from EPAM Systems (NYSE: EPAM) yet, but two sources in the Indian press are placing the price for the Newtown-based system integrator's acquisition of Conshohocken-based Alliance Global Services, now closed, at $50 million. The deal was announced last month.
A large portion of AGS' workforce is in India, as India's Business Standard reports that "Alliance Global Services has more than 1,100 engineers, testers and designers in its India delivery centres — at Hyderabad and Pune."
“The acquisition extends the company’s Global Delivery Platform by adding strong solution delivery capabilities in North America and in India and expanding EPAM’s expertise in software engineering productivity and automation services,” EPAM Chief Executive Officer Arkadiy Dobkin said, according to The Hindu Business Line .
Then there is this enthusiastic post on Google+ by EPAM'S CMO:
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