Why EPAM Systems Is Buying Ricston

By Amit Chowdhry ● September 4, 2020
  • EPAM Systems, a leading global provider of digital platform engineering and software development services, announced recently that it acquired Ricston. These are the details.

EPAM Systems, Inc. (NYSE: EPAM) — a leading global provider of digital platform engineering and software development services — announced recently that it has acquired Ricston Ltd. Ricston will be bringing extensive expertise in integration and connectivity — specifically in microservices and APIs — to EPAM. This deal complements EPAM’s technology consulting practice and further enhances its strong capabilities in API and microservices as well as adding an integral component to the company’s growing Salesforce practice.

Launched in 2006 and declared as one of Europe’s best companies according to the European Business Awards ‘One to Watch’ list, Ricston has made a name for themselves by providing best-of-breed integration solutions for global enterprises in many industries such as fintech, retail, e-commerce, media, travel, government and healthcare. And Ricston also has a strong partnership with MuleSoft—acquired by Salesforce in 2018—and specializes in their Anypoint Platform, one of the world’s leading platforms for building application networks.

Ricston offers a variety of services to be able to help across the full cycle of digital transformation—  including legacy modernization, software integration, Open API and Centre for Enablement (C4E). And they also provide training and operations for the Anypoint Platform as well as a dedicated team that builds connectors.  

KEY QUOTES:

“We are seeing significant demand for API and microservices skills post-COVID, as companies across our core vertical segments from Financial Services to Insurance to Software and High-tech are looking to incorporate modern architectures and proven integration know-how into their new and more agile business strategies. Ricston’s strong EU-based technical leadership team, will bring deep expertise in Mulesoft, while enhancing our ability to design, architect, modernize and build across a spectrum of API and Salesforce-based business solutions.”

— Viktar Dvorkin, SVP & Head of Global Delivery, EPAM

“Interoperability is going to play a crucial role for modern businesses of the future and using APIs and microservices will be the catalyst that drives success. We look forward to working with EPAM to extend their already established technology and vertical expertise to help enterprise organizations remain agile and competitive in a constantly shifting business landscape.”

— Mike Randall, CEO at Ricston

“COVID has created an urgent acceleration of digital transformation for all organisations who have found their markets disrupted, workforce dispersed and consumer behaviour change overnight. The key to digital transformation is to enable every part of an organisation to leverage the Digital assets and capabilities already present in most organisations by implementing a new operating model between IT and the rest of the business. Ricston has been helping their customers make this transition, enabled by platforms like MuleSoft.  With the combined scale and expertise of Ricston and EPAM, enterprises will have a proven and global consulting and technology partner, who can help them achieve their transformation goals.”

— Ross Mason, co-founder of Ricston and founder of MuleSoft