EPAM Systems, Inc.
), a global provider of customized software engineering and
technology services, recently signed a definitive agreement to
acquire NetSoft USA, Inc., a strategic technology and design firm
specializing in healthcare and insurance, for an undisclosed
Based in New York City, NetSoft USA empowers healthcare
organizations with customized, value-added software solutions.
Leading health plans in the U.S. seek NetSoft USA's collaboration
on their medical management and claims systems. The company's
forte lies in working with leaders in revolutionary fields such
as Health Information Exchanges (HIE), accountable care
organizations (ACO), healthcare analytics, tele-medicine,
personalized medicine and online self-service capabilities.
With healthcare dynamics undergoing a massive transformation, the
industry seems to be on the brink of a strategic shift in
operations. NetSoft USA's technological and strategic expertise
in the field of healthcare insurance will add deep value to
EPAM's ability to deliver complicated, mission-critical solutions
The acquisition is in tune with EPAM's strategy of synchronizing
its operations with developments in healthcare. The combination
of EPAM's scale and rich knowledge in customer-centric industries
with NetSoft USA's valuable software skills is likely to generate
synergistic benefits. The acquisition is expected to create
distinctive opportunities for EPAM's clientele and facilitate
complex business and software solutions.
EPAM primarily serves banking, business information, financial
services, media and hospitality industries. Over time, EPAM's
strategy of rapid expansion within its verticals by capitalizing
on strong software engineering expertise has paid off. By
focusing on competencies in business as well as technological
domains, EPAM has established itself as a leader in crafting
complex information technology solutions. This acquisition will
further enable the company to fortify its position in the
healthcare insurance space.
EPAM currently holds a Zacks Rank #3 (Hold). Other notable stocks
in the sector that hold a higher Zacks Rank #1 (Strong Buy)
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