EPAM Systems Inc.
), a global provider of customized software engineering and
technology services, recently unveiled that it has acquired
U.S.-based scientific informatics services provider GGA Software
Services LLC. The financial terms of the deal are kept under
EPAM primarily serves banking, business information, financial
services, media, hospitality, retail and consumer industries. This
acquisition is a strategic move by the company to strengthen its
Life Sciences and Healthcare industry verticals.
GGA Software has created a niche for itself in the domain of
scientific informatics by combining its in-depth industry
knowledge, strong analytical and software development skills. Apart
from this, the company provides maintenance solutions like IT
support and quality assurance services to leading healthcare and
life sciences companies across the globe.
GGA Software also achieved expertise in information processing
by utilizing algorithms and complex mathematical models for
developing and handling critical content database. The insights
obtained from the data are then used to design and develop the
platforms to meet the industry demand.
GGA Software's industry knowledge when integrated with EPAM's
software and technological capabilities is expected to provide the
latter a competitive edge over its peers, benefiting its customers
significantly. The integrated capabilities of the two entities will
enable the development of complex business and software solutions
to meet the increasing standards of the industry across the
EPAM has been pursuing the strategy of rapid expansion within
its verticals by capitalizing on strong software engineering
expertise. Prior to this, in May 2014, the company acquired a
strategic technology and design firm specializing in healthcare and
insurance -- NetSoft USA, Inc. -- to strengthen its ability to
deliver complicated, mission-critical solutions in healthcare
insurance. The acquisition of GGA Software will further enable the
company to reinforce its position in the healthcare and life
EPAM currently holds a Zacks Rank #2 (Buy). Other stocks in the
sector that can be considered include
CommScope Holding Company, Inc.
Barracuda Networks, Inc.
). While CommScope Holding sports a Zacks Rank #1 (Strong Buy),
both Barracuda Networks and Kofax Limited have the same ranks as
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
EPAM SYSTEMS (EPAM): Free Stock Analysis Report
BARRACUDA NTWRK (CUDA): Free Stock Analysis
COMMSCOPE HLDG (COMM): Free Stock Analysis
KOFAX LTD (KFX): Get Free Report
To read this article on Zacks.com click here.