Friday, 4 April 2008

B2BITS Corp Gets Acquired By EPAM Systems

EPAM Systems, a software outsourcing services company, has announced the acquisition of B2BITS, a provider of solutions and consulting services to Capital Markets organizations within the financial services sector.

According to the company, with this acquisition, EPAM now covers the entire value chain from domain knowledge and process consulting through customized high-performance architecture as well as development, testing and 24/7 support. Mark Bisker, CEO of B2BITS and industry veteran with over 25 years experience of leading technology development organizations at such companies as Schwab Capital Markets and Lava Trading heads EPAM's new Competency Center.

Competency Center consultants will be located in all major financial centers across the US and Europe, while production and support teams will be tightly linked into EPAM's distributed development organization in Eastern Europe to combine cost efficiency with domain knowledge and strict SLAs.

B2BITS has been delivering pre-built solutions, customizable frameworks, specialized testing tools as well as process consulting for Client Connectivity, FIX, FX, Options, Fixed Income, market data feeds, exchange gateways and electronic payment services since 2000.