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EPAM/First Derivative

M/24/061

Completed

Transaction details

The proposed acquisition by EPAM Systems, Inc. of sole control of First Derivative Limited, has been cleared by the Competition and Consumer Protection Commission.
Case details
  • Notification date:16 October 2024
  • Publication date:16 October 2024
  • Economic sector:Telecom & IT service activities - K
  • Economic sub-sector:Programming & IT consulting - K.62
  • Simplified merger:Yes
  • Outcome:Cleared
Documents
Timetable

Phase One

  • Thursday, 17 October, 2024 Notification received
  • Thursday, 31 October, 2024 Third party submission deadline
  • Friday, 1 November, 2024 Determination issued
Parties Involved

EPAM Systems, Inc

EPAM Systems, Inc (""EPAM"") is a software engineering company, active in over 55 countries worldwide and headquartered in Pennsylvania, United States. EPAM provides a wide range of services including application development and engineering services, advanced technology software solutions, intelligent enterprise services and digital engagement solutions.

 

First Derivative Limited

First Derivative Limited (""First Derivative"") comprises twelve subsidiaries (the ""Target Group"") and First Derivative is the holding company for the Target Group. The Target Group constitutes the First Derivative division of FD Technologies plc.

First Derivative is a specialist consulting business focused on the capital markets industry which offers consulting services relating to technology engineering, system integration, operational execution, financial crime and compliance.

Contacts
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