American software vendor EPAM: we have acquired the Israeli startup Naya

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by Ifi Reporter Category:Financial Nov 6, 2019

Software vendor EPAM announced Wednesday the acquisition of Israeli company Naya Technologies (NAYA Technologies) for an undisclosed amount. As part of the deal, EPAM acquires both Israeli company 80 employees in Herzliya and American subsidiary NAYA Tech.
EPAM employs around 30,000 employees and trades on NASDAQ at $ 9.75 billion. The company carries out projects for leading global companies of all disciplines, including prominent Google. Naya Technologies was founded in 2009 by June Okon and Yair Rosilio and focuses on cloud projects , And data management and analysis.
The company raised capital from private investors at the outset, and also raised an investment from an Israeli stock exchange to open its California branch. The company refused to surrender the sums it raised. Naya has 100 employees, 80 of whom are in Israel. Company and Henale employees will continue to operate as an independent entity in their EPMA subsidiary after the acquisition.
"Why is a company of 30,000 people buying a company like Naya? Because we are the strongest in the country today in the areas we deal with and they want us as the body to lead their international projects, a kind of technology patrol," Okon says in a conversation with "Globes". "In addition, the Israeli market is very interesting to them, but they have no basis here at present. They know that we are a technological powerhouse with very strong people, and we intend to recruit people from Israel for projects around the world, whether in remote work or their mobility. And create significant competition for the old project companies like Matrix and Van. "
In addition to acquiring the company, EPAM has also purchased its flagship product - migVisor. This is an automated software tool designed to evaluate cloud-transition projects. That is, the tool is installed on client systems, analyzes its assets and examines the implications of moving them to a cloud environment. "This is one of the only tools on the market to perform this type of assessment promoted by the leading cloud libraries," the EPAM statement said.

 

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