Philly EnterpriseTech Daily Roundup 11/1: EPAM, JD.com, LLR Partners, WeWork
Tom Paine
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Newtown-based EPAM Systems' shares jumped 5.5% yesterday, as third quarter revenue grew 24% to $468 million. It now has a marketcap of almost $7 billion.
EPAM, which has an almost unique position among major SIs, continues to find innovative ways to improve its business mix, margins and growth. Just recently, it completed the acquisition of UK digital creative agency Th_nk (The Brits really can't spell), one of several agencies it has bought.
In July, EPAM expanded its partnership with Google as an Advanced Solutions Lab System Integrator Partner. As one of only six ASL System Integrator Partners and a Google Cloud Premier Partner, EPAM will accelerate Google-built machine learning solutions for enterprise customers and deliver end-to-end solutions on Google Cloud Platform.
Chinese retail giant JD.com will open a blockchain research lab , in partnership with the Ying Wu College of Computing at the New Jersey Institute of Technology (NJIT), and the Institute of Software at the Chinese Academy of Sciences (ISCAS).
The new blockchain lab will be geared towards solving efficiency, stability, and scalability problems the technology currently faces and examining new applications for it. Among other areas this will include multi-year collaborative research efforts into fundamental consensus protocols, privacy protection, and security in decentralized applications, or dApps.
LLR Partners has invested in Edmunds & Associates , a long-time Atlantic County (NJ) software vendor to local governments. Reading through the PR, it sounds as if Edmunds may need to move more fully into the Cloud.
If you're a WeWork tenant. the shared office giant is rolling out a system that tracks how much alcohol you drink there and puts limits on it.
