The oldest investment company JPMorgan is buying shares of offshore developers with post-Soviet roots: Epam and Luxoft
JPMorgan Chase bought a 6.6% stake in Epam Systems, a company created by people from Belarus. The cost of the package at the moment is $ 195 million. Earlier, the investment company acquired 4.5% of Luxoft shares - today they cost $ 75 million.
Epam Systems is engaged in software development and consulting. The company was founded in 1993 by Arkady Dobkin and Leonid Lozner, and its IPO on the New York Stock Exchange took place in 2012. In 2010, the company's annual turnover exceeded $ 200 million, in 2013 it amounted to $ 555 million. As of June 2014, the company was worth $ 2.14 billion. The money in Epam was invested by Waddell & Reed, Fidelity Managment & Research, Pennant Capital. Recently it became known that JPMorgan, the oldest investment company formed in 1799, became a new investor in Epam.
Previously, JPMorgan has invested in Russian Luxoft , which since 2000 has been developing software. The subject of the transaction was a package of 4.5% of the shares, the value of which now stands at $ 75 million.
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Sberbank CIB notes that both companies have the experience and knowledge of the development of interfaces, cloud technologies, big data, e-commerce, mobile applications - experts predict revenue growth of 18-21% per year in the next three years.
Dynamics of Luxoft shares for the year
Dynamics of Epam shares for the year
Epam Systems is engaged in software development and consulting. The company was founded in 1993 by Arkady Dobkin and Leonid Lozner, and its IPO on the New York Stock Exchange took place in 2012. In 2010, the company's annual turnover exceeded $ 200 million, in 2013 it amounted to $ 555 million. As of June 2014, the company was worth $ 2.14 billion. The money in Epam was invested by Waddell & Reed, Fidelity Managment & Research, Pennant Capital. Recently it became known that JPMorgan, the oldest investment company formed in 1799, became a new investor in Epam.
Previously, JPMorgan has invested in Russian Luxoft , which since 2000 has been developing software. The subject of the transaction was a package of 4.5% of the shares, the value of which now stands at $ 75 million.
')
Sberbank CIB notes that both companies have the experience and knowledge of the development of interfaces, cloud technologies, big data, e-commerce, mobile applications - experts predict revenue growth of 18-21% per year in the next three years.
Dynamics of Luxoft shares for the year
Dynamics of Epam shares for the year
Source: https://habr.com/ru/post/286414/
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