Summary
- EPAM Systems has announced the acquisition of Competentum for an undisclosed sum.
- Competentum has created e-learning software solutions for organizations.
- With the deal, EPAM continues to selectively acquire the technologies and skills to expand its design, consulting, and delivery services offerings to enterprises.
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Quick Take
EPAM Systems (EPAM) announced it has acquired Competentum Group for an undisclosed amount.
Competentum operates as a full-stack educational content services company.
EPAM is acquiring companies to expand its offerings as it transitions to a broad consulting platform for companies moving to or growing their cloud operations.
Target Company
Moscow, Russia-based Competentum was founded in 1993 and operates ShareKnowledge, a Microsoft SharePoint-based enterprise learning management system while developing e-learning software solutions for school, high school, corporate and academic purposes.
Management is headed by President and CEO Natalia Soboleva, who has been with the firm since 2006 and was previously president and CEO of OpenTeach.
