NEWTOWN, Pa., Sept. 13, 2016 (GLOBE NEWSWIRE) --
EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of
product development and software engineering solutions, announced
its global strategic partnership with OpenWay Group, an expert in
digital payments and developer of the top-ranked WAY4(TM)
platform.
WAY4 is a complete omnichannel digital payment and
card processing platform, supporting digital wallets, private label
and branded card issuing, as well as merchant acquiring, financial
switching and channel management. WAY4 serves as a core platform
for digital banking solutions, closed-loop or national payment
schemes, and is deployed by tier-1 banks and payment processors
across the globe.
Digital disruption has forced market leaders and
new players to reconsider their business models, along with
customer experience, technologies, and partnerships. By leveraging
EPAM's digital enterprise, system integration, and legacy system
migration expertise and OpenWay's market-leading payment platform
solutions, the partnership will offer clients the benefits of
digital finance and cross-industry expertise, excellent product and
service offerings, faster time-to-market, and early adoption of
innovations within a global scale.
"The rapid evolution of the payments marketplace
is impacting many of our key vertical industries and our clients
recognize the need for scalable, flexible, and easily integrated
solutions that meet customer demands, regulatory changes and
emerging competition from new market entrants," said Arkadiy
Dobkin, CEO and President, EPAM. "Combining OpenWay's leading
position in the payment systems market and our deep technology
experience across various industries enables us to provide the next
generation of complex payment platforms and solutions to our
clients."
"We see EPAM's dedication to excellence in its
agile software development process and proven ability to quickly
deploy robust, well-rounded specialist teams from their extensive
pool of software engineers and architects," says Andrew Vereninov,
CEO, OpenWay Group. "Innovation in the B2B and B2C payment space
together with the mobile revolution is blurring the boundaries
between industry sectors. We are keen to go beyond the
financial sector and leverage EPAM's expertise in retail and
distribution, travel and hospitality, life sciences and
healthcare."
About EPAM
Systems
EPAM Systems, Inc. (NYSE:EPAM), a leading global product
development and platform engineering services company, is focused
on delivering results through best-in-class software engineering,
combined with innovative strategy, consulting and design
capabilities. With 23 years of experience in the information
technology industry, EPAM's 18,000 people serve our customers in
over 25 countries across North America, Europe, Asia and Australia.
EPAM was ranked #8 in FORBES 25 Fastest Growing Public Tech
Companies and ranked as a top information technology services
company on FORTUNE'S 100 Fastest Growing Companies.
For more information, please
visit http://www.epam.com/ and follow EPAM on Twitter
(@EPAMSYSTEMS) and LinkedIn.
About
OpenWay
Established in 1995, OpenWay Group is recognized as a leader in the
provision of payment solutions by independent research agencies.
Headquartered in Belgium, OpenWay has successfully delivered WAY4
to over 130 banks and payment service providers in Europe, Asia,
North and Latin America, Middle East and Africa.
For more information, please
visit http://www.openwaygroup.com/.
Forward-Looking
Statements
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. Factors that could cause actual results to
differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. EPAM undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required
under applicable securities law.