NEWTOWN, PA – July 2, 2019: EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of digital platform engineering and software development services, today announced its acquisition of Competentum, a full-stack educational content services company, and its learning platform, ShareKnowledge.
The addition of Competentum, with its deep content development, optimization and learner-centric experience capabilities, will extend EPAM’s digital transformation proposition in the media, publishing and EdTech industries.
Competentum focuses primarily on developing and optimizing educational solutions, with digital learning platforms and services that are pre-integrated to provide a smartly designed, interactive and AI-optimized learner experience. Combined with EPAM’s award-winning global consulting, design and engineering capabilities, and investments in the development of global engineering curricula and platforms, the acquisition of Competentum will create a more complete service proposition for EPAM’s enterprise clients looking to accelerate their transformations through professional development.
In addition to augmenting EPAM’s Agile Professional Development offerings, ShareKnowledge will become part of the solution blueprint for the Risk and Compliance Practice, where the platform will be actively used to manage governance, compliance and enterprise risk engagements.
“We see enterprises moving towards lifelong and value-based relationships with their customers, requiring EPAM to engage across a full services and platform lifecycle – from content strategy and design, to creation, curation and full-scale digital, physical and virtual experiences,” said Oleg Vilchinski, VP, Global Head of Business Information Solutions Practice, EPAM. “By integrating our consulting, design and delivery practices with Competentum’s deep content expertise, we can help our customers create new value models underpinned by better experiences and delivered through new educational technologies and digital learning platforms.”
“We are excited to join EPAM in the effort to create a full-scale digital learning blueprint,” said Natalia Soboleva, CEO, Competentum. “Our years of experience in developing immersive content and leading adaptive learning solutions for STEM, Healthcare and GRC domains can really accelerate time to value for clients and help them transform their learning platforms and experiences for their users.”