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The Russian software and technology industry
According to figures released by IDC in the beginning of 2013, the Russian IT industry was valued at $36 billion. This includes $24 billion in sales of computer equipment, $7 billion in IT services and approximately $5 billion generated in software sales, of which over $4 billion is in exported software.
Regardless of what the future holds for the West's relationship with Russia, the country has its own domestic consumption for software and services with their own unique brands that in many cases mirror the capabilities of the companies we quickly recognize in the United States and in other Western countries.
You may have never heard of them, but they are software, services and Internet giants in their own right.
Here are just a few which will likely remain Russian powerhouses if the country becomes politically and economically isolated from the rest of the world.
EPAM Systems, Inc.
Founded in 1993, just after the fall of the Soviet Union, EPAM (NYSE:EPAM) is by far Russia's largest systems integration firm. The company has over 9000 employees worldwide and has service delivery capabilities in twelve countries. Their client list spans major brands and corporations across the Fortune 100.
EPAM, like other systems integrators and software development firms on this list derives a lot of its revenue from doing outsourced work for other technology firms. But if it were to become isolated due to sanctions it would be Russia's strongest internal software development player.
The company's competencies include software product engineering and custom development, project-based technology consulting, Application testing, Maintenance and Support as well as Application Migration and Engineering. Their industry focus areas are ISVs, Banking & Financial Services, Business Information & Media, Travel & Consumer and Vertical Markets.