EPAM Advances Strategic Collaboration Agreement with AWS Focusing on Generative AI

Rhea-AI Summary

EPAM Systems has expanded its strategic collaboration agreement with Amazon Web Services (AWS) to focus on developing generative AI solutions. The partnership, initially established in 2023, aims to help enterprises migrate workloads to AWS and modernize applications using advanced AI services like Amazon Bedrock.

EPAM AI/Run™, the company's platform with ready-to-use tools, now integrates with Amazon Bedrock to create custom agents for modernization tasks. This integration enables automated workflows across application assessment, cloud-native transformation, and replatforming scenarios.

With a global team spanning 55+ countries and 15,000+ AWS-experienced engineers, EPAM is positioned to deliver comprehensive digital transformation services. The collaboration has already shown success with Cox Automotive, which has implemented multiple generative AI projects to enhance their automotive services and solutions.

Positive

• Expanded strategic collaboration with AWS strengthens EPAM's position in the high-growth GenAI market
• Integration with Amazon Bedrock enables new revenue streams through AI-powered solutions
• Large AWS-experienced engineering team (15,000+ engineers) demonstrates strong execution capability
• Global presence across 55+ countries provides wide market reach
• Successful implementation at Cox Automotive validates commercial viability of GenAI solutions

Negative

• Heavy dependence on AWS partnership for AI initiatives could limit flexibility
• No specific financial metrics or revenue projections provided for the AWS collaboration
• Intense competition in the GenAI space could pressure margins

Continued partnership will enable global enterprises to harness the transformative potential of AI from AWS

NEWTOWN, Pa., April 30, 2025 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it expanded its strategic collaboration agreement (SCA) with Amazon Web Services (AWS) with a focus on developing generative artificial intelligence (GenAI) solutions to help enterprises more easily migrate workloads to AWS and modernize their applications.

The expanded collaboration, first established in 2023, will see EPAM work with AWS to harness its advanced generative AI services, including Amazon Bedrock, to allow customers to develop specialized AI agents and GenAI solutions to solve engineering and industry-specific issues, including modernizations. The agreement will also help EPAM to continue developing and refining AI-powered modernization, including automating workflows and tools through AI agents that help organizations seamlessly transition their infrastructure and data onto AWS quickly, securely and efficiently. Additionally, these efforts will help enterprises modernize their applications by becoming more cloud-native and scale and operationalize those applications from proof-of-concepts to working AI-enabled solutions.

For example, EPAM AI/Run™, a platform with ready-to-use tools, foundational capabilities, and pre-built agents, integrates with Amazon Bedrock. Amazon Bedrock, a fully managed service for building and scaling generative AI applications, offers the broadest selection of fully managed models, including Amazon Nova - a new generation of state-of-the-art foundation models (FMs) that deliver frontier intelligence and industry leading price performance. The integration allows customers to create custom agents for specific modernization tasks that automate complex workflows across application assessment, cloud-native transformation, and replatforming scenarios. This reduces manual effort and accelerates time-to-value.

"We are grateful for the recognition from AWS of our GenAI competencies and skills," said Elaina Shekhter, SVP, Chief Marketing & Strategy Officer at EPAM. "Moreover, we are thrilled to further expand our work with AWS, helping to accelerate the adoption of specialized AI agents and GenAI solutions on AWS to solve engineering and industry-specific issues."

"Our work with EPAM is key to helping global enterprises integrate and realize the value of AI agents and generative AI to transform their businesses," said Chris Sullivan, VP of Partner Management, Americas at AWS. "Through AWS's advanced and secure generative AI services, such as Amazon Bedrock, we can help customers modernize and meet their specific business objectives quickly and efficiently."

As an end-to-end provider of digital transformation services, EPAM's global team spans 55+ countries and leverages 15,000+ AWS-experienced engineers. Empowered by its comprehensive and innovative engineering and consulting services, it creates AWS solutions that fuel its clients' competitive advantage.

"The ongoing collaboration between EPAM and AWS enabled Cox Automotive to deliver multiple successful generative AI projects out of the gate, delivering innovative product capabilities that improve the efficiency and quality of our automotive services and solutions for our clients and consumers," said Brian Lloyd-Newberry, AVP Architecture at Cox Automotive. "We look forward to the continued benefits of this collaboration as EPAM continues to support our teams across Cox Automotive to continue delivering AI-powered products." 

To learn more about how EPAM and AWS help businesses thrive in the cloud, visit https://www.epam.com/about/who-we-are/partners/aws.

Discover how EPAM creates future-forward solutions that drive real business outcomes with GenAI: www.epam.com/services/artificial-intelligence/generative-ai.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments. 

We leverage AI and GenAI to deliver transformative solutions that accelerate our clients' digital innovation and enhance their competitive edge. Through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation. 

We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our people around the world. We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market. 

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as Most Loved Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services. 

Learn more at www.epam.com and follow us on LinkedIn. 

Forward-Looking Statement
This press release includes estimates and 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. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets and the broader economy, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. 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.

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SOURCE EPAM Systems, Inc.

FAQ

What is EPAM's new AWS collaboration focusing on in 2025?

EPAM's expanded strategic collaboration with AWS in 2025 focuses on developing generative AI solutions, specifically using Amazon Bedrock, to help enterprises migrate workloads to AWS and modernize applications more efficiently.

How does EPAM AI/Run platform integrate with Amazon Bedrock?

EPAM AI/Run platform integrates with Amazon Bedrock to create custom agents for modernization tasks, automating complex workflows across application assessment, cloud-native transformation, and replatforming scenarios, reducing manual effort.

What benefits did Cox Automotive gain from EPAM-AWS collaboration?

Cox Automotive successfully delivered multiple generative AI projects through the EPAM-AWS collaboration, improving the efficiency and quality of their automotive services and solutions for clients and consumers.

How many AWS-experienced engineers does EPAM have globally?

EPAM has over 15,000 AWS-experienced engineers across 55+ countries, providing comprehensive engineering and consulting services for AWS solutions.

What is Amazon Bedrock offering through the EPAM partnership?

Through the EPAM partnership, Amazon Bedrock offers fully managed generative AI services, including Amazon Nova foundation models, delivering frontier intelligence and industry-leading price performance.