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§ Private Profile · 41 University Dr #202, Newtown, PA 18940, USA
Offshore Development Center providing custom software development and IT support for Barclays in financial services.
Key people at Barclays ODC EPAM Systems.
Barclays ODC EPAM Systems is a dedicated offshore development center operated by Newtown, Pennsylvania-based EPAM Systems that provides custom software engineering, IT infrastructure support, and digital transformation services exclusively for the British multinational bank. While specific financial metrics for this dedicated hub remain undisclosed, its publicly traded parent company generated between $4.7 billion and $4.9 billion in global revenue throughout 2024. The broader EPAM organization maintains a global workforce of approximately 53,000 to 55,000 employees distributed across delivery networks in India, Eastern Europe, and Latin America. Beyond its exclusive partnership with Barclays, the parent enterprise provides digital platform engineering to major corporate clients including SAP AG and Bally of Switzerland under the leadership of incoming chief executive officer Balazs Fejes. The parent organization, EPAM Systems, was originally founded in 1993 by Arkadiy Dobkin and Leo Lozner.
Key people at Barclays ODC EPAM Systems.
EPAM Systems, Inc. (EPAM) is a leading global provider of software engineering services, digital platform engineering, digital product design, and AI-enabled transformation services.[1][2][3] Founded in 1993 and headquartered in Newtown, Pennsylvania, EPAM serves over 340 Forbes Global 2000 clients across 11 industries in 55+ countries, employing 62,350 people as of Q3 2025, with a focus on human-centric innovation through engineering, design thinking, and consulting.[1][2][4] It helps enterprises and startups accelerate digital transformation by delivering scalable solutions in AI, cloud, and product development, evidenced by achievements like its first billion-dollar revenue quarter and S&P 500 inclusion.[1][3]
EPAM's growth momentum is strong, marked by rapid expansion, strategic acquisitions, and leadership in AI and GenAI, including launches like EPAM DIAL, EliteA™, AI/RUN™, and TelescopeAI® for IT operations.[1][3][4] It powers client successes such as increased website capacity for Bacardi, more players for Epic Games, and higher online quotes for LV= General Insurance.[4]
EPAM Systems was founded in 1993 by Arkadiy Dobkin and Leo Lozner in Princeton, New Jersey, USA, and Minsk, Belarus, starting with three employees focused on software engineering services.[1][3] Early traction came from projects like a Salesforce Automation solution for Colgate-Palmolive across Europe and Latin America, and landing SAP AG as its first major software product development client.[1] By 2002, Deloitte & Touche ranked it as a fast-growing company publicly for the first time.[3]
The company evolved through geographic and service diversification: acquiring Fathom Technologies in 2004 for its first EU center in Budapest, Hungary; securing Siguler Guff investment in 2006; IPO on the NYSE in 2012 under ticker EPAM; and launching EPAM Continuum in 2019 for consulting.[1][3] Pivotal moments include reaching 40+ countries with billion-dollar quarters, S&P 500 addition, and recent AI successes, culminating in 2025 leadership changes with Balazs Fejes as CEO and Dobkin as Executive Chairman.[1][3]
EPAM stands out in the competitive digital services landscape through these key strengths:
EPAM rides the AI-native transformation wave, capitalizing on enterprise demand for GenAI, cloud migration, and digital platforms amid accelerating tech adoption.[1][4] Timing is ideal post-2020s digital acceleration, with market forces like AI democratization (e.g., Google Cloud collaborations) and sector-specific needs in energy (Baker Hughes partnership), gaming, insurance, and telecom favoring its expertise.[3][4]
It influences the ecosystem as a MACH Alliance founder promoting composable architectures, while fostering innovation through 200+ ISV partnerships and BiTA membership for blockchain in transport.[3] EPAM shapes startup growth via product engineering and scales enterprises, bridging legacy systems to AI-driven futures in a $500B+ services market.[2]
EPAM is poised for continued dominance in AI-led digital engineering, with expansions in high-growth regions like India and LATAM, and deepening verticals in healthcare, FSI, and manufacturing.[1][4] Trends like enterprise-wide AI adoption, agentic AI (e.g., its Google Cloud agents), and sustainable innovation will propel revenue beyond recent billion-dollar milestones, potentially targeting S&P 500 leadership in services.[1][3]
Its influence may evolve toward full-stack AI orchestration, influencing standards via alliances and acquisitions. As one of the fastest-growing public tech firms, EPAM exemplifies how engineering prowess meets strategic consulting to deliver real business value in a human-centric digital era.[1][2]
