Epam Systems announced its agreement to acquire First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than 1,800 employees worldwide and major delivery capability in the U.K., Ireland, North America and APAC. EPAM will leverage First Derivative’s industry experience and brand to deliver a set of AI-enabled end-to-end capabilities to clients in banking, capital markets and other financially regulated businesses across North America, Europe and APAC. Through the acquisition, First Derivative will bring more than 100 new clients under the EPAM umbrella, offering unmatched value and setting a new standard for technology services in the financial services industry. First Derivative is a division of FD Technologies plc, which is listed on the Alternative Investment Market of the London Stock Exchange. The acquisition is subject to customary closing conditions, including the receipt of necessary regulatory clearances, and is expected to close in the fourth quarter of 2024. Stone Key Partners served as the exclusive financial advisor and Faegre Drinker served as the legal advisor to EPAM.