EPAM's Gamble on Cybersecurity: A Desperate Bid for Relevance? The recent partnership between EPAM Systems and Wiz, a cloud and AI security platform owned by Google Cloud, has sent shockwaves through the tech industry.
On the surface, it appears to be a savvy move by EPAM to diversify its revenue streams and capitalize on growing demand for cybersecurity services.
However, closer examination reveals a company struggling to maintain its growth momentum. EPAM's core business has been decelerating rapidly, with second quarter revenue growth slowing to 4. 5%.