EPAM Systems, Inc. (NYSE: EPAM) has announced its agreement to acquire NEORIS, a Miami-based advanced technology consultancy with a workforce of over 4,700 professionals dispersed across Latin America, Spain, and the U.S. This acquisition, expected to conclude in Q4 2024, aims to enhance EPAM’s global presence and nearshore delivery capabilities across North America and Europe. The transaction involves selling NEORIS by Advent International—a leading global private equity firm—and Cemex, a global construction materials company. Orrick advised EPAM on the deal. NEORIS, known for its deep expertise in digital acceleration and disruptive, sustainable solutions, is seen as a strong strategic fit to propel EPAM’s digital transformation services further. The acquisition is deemed impactful for both organizations, fostering strengthened delivery capabilities and expanded client portfolios across key markets.
Digital Transformation, Technology Consulting, Private Equity,United States, Latin America, Europe
https://www.orrick.com/en/News/2024/09/Digital-Transformation-EPAM-Systems-Inc-to-Acquire-NEORIS