Houlihan Lokey Advises Vates

Transaction: Vates - EPAM Systems

Houlihan Lokey is pleased to announce that Vates S.A., a multi-award-winning software development company with offices in Argentina and Chile, has been acquired by EPAM Systems, Inc. (EPAM), a leading digital transformation services and product engineering company. The transaction closed on March 22, 2024.

Vates is an established market leader that delivers end-to-end solutions for leading enterprise clients across multiple industries, including finance, healthcare, high-tech, media, and telecommunications. Since 1991, it has focused on technology research and innovation to provide services such as custom software development, application testing, digital consulting, system integrations, big data analysis, and IT maintenance and support. Vates’ global clients include Thomson Reuters, telecommunications giant Claro, and financial services provider Bancor. Vates will enhance EPAM’s software development portfolio and diversify its Latin America delivery capabilities.

Since 1993, EPAM has used its software engineering expertise to become a leading global provider of digital engineering, cloud, and AI-enabled transformation services, as well as a leading business and experience consulting partner for global enterprises and ambitious startups. EPAM addresses its clients’ transformation challenges by fusing EPAM Continuum’s integrated strategy, experience, and technology consulting with 30+ years of engineering execution to speed its clients’ time to market and drive greater value from their innovations and digital investments.

Houlihan Lokey acted as the exclusive financial advisor to Vates. Houlihan Lokey’s IT Services team is among the most active M&A advisors in the market. This most recent transaction further strengthens Houlihan Lokey’s leadership in the digital engineering services universe and highlights continued momentum and leadership in its core vertical, which includes cloud and data analytics, digital engineering, enterprise applications, and managed and security services.

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