Shares of EPAM Systems (NYSE: EPAM) rose 15.4% in April, according to S&P Global market Intelligence . The gain happened after the company introduced new capabilities thanks to its March acquisition of boutique Salesforce (NYSE: CRM) partner PolSource. The stock also benefited from the 5.4% rise in the technology-dense Nasdaq during the month.
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The deal brought more than 350 consultants in-house with experience developing end-to-end solutions on the Salesforce AppExchange across a variety of industries. With an estimated 83% of the Fortune 500 as customers, and 71% of customers using AppExchange, supporting clients with Salesforce development needs has become a requirement in EPAM's world of digital consulting and software engineering. PolSource is a member of six Salesforce advisory panels and brings with it more than 1,000 Salesforce certifications and 14 AppExchange awards.
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Why Shares of EPAM Systems Climbed 15% in April