EPAM Systems Buys Competentum, Plans To Expand Its Education Technology To Corporate Digital Transformation

Competentum is the developer of the ShareKnowledge platform for learning management, a platform EPAM expects will help it engage in a wider range of services for its corporate clients looking to improve their digital, physical and virtual experiences.

EPAM Systems, a digital platform engineering and software development solution provider, has acquired Competentum, a provider of educational content services.

With the acquisition, unveiled last week, Newton, Pa.-based EPAM also gains control of ShareKnowledge, Competentum's learning platform.

EPAM, which did not state the value of the acquisition, plans to expand Competentum's digital transformation capabilities into new areas including media, publishing and education technology industries.

[Related: EPAM Buys UK Firm, Eyes Growth In Europe]

EPAM ranks No. 35 on the 2019 CRN Solution Provider 500 list.

Competentum provides teaching and learning platforms, interactive content for web and mobile users, digital content authoring and review, accessibility for content and platforms, as well as education-focused data science, virtual reality and augmented reality technology.

In addition to K-12 and higher-education clients, the company also provides corporate training services to business clients.

Competentum's ShareKnowledge platform is built on Microsoft SharePoint, and provides a learning management system, reporting and dashboards, and flexible content management. It offers flexible versioning controls, full drill-down reporting, and the ability to main SharePoint and Active Directory settings and security permissions.

EPAM said it plans to take advantage of ShareKnowledge by making it part of the solution blueprint for its risk and compliance practice to help businesses manage governance, compliance and enterprise risk engagements.

EPAM did not respond to a CRN request for further information on the acquisition.

However, in a prepared statement, Oleg Vilchinski, vice president and global head of the business information solutions practice at EPAM, said that EPAM is engaging with clients across a full services and platform life cycle from content strategy and design to full-scale digital, physical and virtual experiences.

"By integrating our consulting, design and delivery practices with Competentum’s deep content expertise, we can help our customers create new value models underpinned by better experiences and delivered through new educational technologies and digital learning platforms," Vilchinski said.