NEWTOWN, Pa., Dec. 14, 2021 /PRNewswire/ -- The
fast-paced change of today's media landscape and the hyper
competition for consumer eyeballs, is intensifying the need for
media and entertainment companies to stay ahead of the game through
digital transformation and innovative technologies. To help these
organizations adapt, stay competitive and provide better customer
experiences, EPAM Systems Inc. (NYSE: EPAM), a leading
digital transformation services and product engineering company,
today announced the acquisition of Optiva Media, a niche
professional services firm that provides product development and
digital services to leading media companies.
"We're pleased to welcome Optiva Media to EPAM. The combination
of EPAM's digital technology and product engineering expertise with
Optiva Media's platforms and accelerators will create a complete
and valuable end-to-end delivery capability in the media and
entertainment space," said Balazs
Fejes, President of EU and APAC Markets at EPAM. "Optiva
Media brings an expanded understanding of the vertical domain as
well as a proven track record in executing the necessary components
of core media and entertainment transformational programs—from
research and consultancy, to engineering operations, media and
metadata management, as well as product design and deployment.
Together, we will provide world-class, scalable solutions for media
companies, enabling them to better innovate products, services and
deliver new experiences."
With more than 18 years of industry experience, Optiva Media is
a cutting-edge media and telecommunications leader with an
expertise in engineering, operations, media and metadata
management, product design and development, research, and technical
consultancy. Optiva Media launched the first video-on-demand (VoD)
system in Europe for ONO in 2008, the first over-the-top (OTT)
streaming platform in Europe in
2011, and serves a host of clients including HBO, Vodafone,
Telefonica, and Orange. Optiva Media's industry specific products
and accelerators also provide deep knowledge in media and virtual
reality components including Media Stream, XStream, Qaltiva and
Virtual Xpanse.
"With Optiva Media's strong technology partnerships and agile
mindset, there is already a strong connection with EPAM's
Engineering DNA and passion for building creative solutions that
deliver business value and innovative experiences," said Cristina
Garcés, Founder and CEO of Optiva Media. "Joining the EPAM family
gives us an even wider coverage of the entire value chain of
digital television, from what is imagined to what reaches the
screens of viewers worldwide. Together, we can deliver everything
needed at the convergence point between technology and content,"
added Valia Merino, Chairman and
Managing Partner of Optiva Media.
Dentons Europe acted as legal counsel and Ernst &
Young Spain served as Tax and HR
advisors to EPAM in the acquisition of Optiva Media. Toda &
Nel-lo acted as legal counsel and HR advisors and Abanca served as
financial advisors to Optiva Media on the transaction.
Learn more about EPAM's media, entertainment, and telecom
expertise, visit
www.epam.com/our-work/media-entertainment-and-telecom.
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its
advanced software engineering heritage to become the foremost
global digital transformation services provider – leading the
industry in digital and physical product development and digital
platform engineering services. Through its innovative strategy;
integrated advisory, consulting, and design capabilities; and
unique 'Engineering DNA,' EPAM's globally deployed hybrid teams
help make the future real for clients and communities around the
world by powering better enterprise, education and health platforms
that connect people, optimize experiences, and improve people's
lives. Selected by Newsweek as a 2021 Most Loved Workplace, EPAM's
global multi-disciplinary teams serve customers in more than 40
countries across five continents. As a recognized leader, EPAM is
listed among the top 15 companies in Information Technology
Services on the Fortune 1000 and ranked as the top IT services
company on Fortune's 100 Fastest-Growing Companies list for the
last three consecutive years. EPAM is also listed among Ad Age's
top 25 World's Largest Agency Companies and in 2020, Consulting
Magazine named EPAM Continuum a top 20 Fastest-Growing Firm. Learn
more at www.epam.com and follow us
on Twitter and LinkedIn.
About Optiva Media
Since 2002, Optiva Media supports worldwide leading TV and media
companies delivering outstanding user experiences, offering
services and solutions along the full value chain including
product, project, Integration, and operations journey. Optiva's
passion about TV and our expertise working with breakthrough
digital and communication technologies, including AI, ML, VR, Big
Data, 5G, LiFi and cloud, has attracted top companies such as
Telefónica, Vodafone, Orange, Liberty Global, Sky and TiVo.
Innovation is at the very heart of Optiva Media, having been
granted a National Innovative Company Award. An obsession with
equity, inclusion, and diversity has been recognised by the
National Stela Award and others. Learn more at
www.optivamedia.com or follow via LinkedIn.
Forward-Looking Statements
This press release includes statements which may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
the accuracy of which are necessarily subject to risks,
uncertainties, and assumptions as to future events that may not
prove to be accurate. Factors that could cause actual results to
differ materially from those expressed or implied include general
economic conditions and the factors discussed in our most recent
Annual Report on Form 10-K and other filings with the Securities
and Exchange Commission. EPAM undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required
under applicable securities law.
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SOURCE EPAM Systems, Inc.