Ipreo, New York, New York, USA & EPAM Systems, Kiev, Ukraine

Finding the right outsource provider is often as difficult as finding the right spouse. This article discusses how financial software provider Ipreo found an Eastern European outsource company--EPAM Systems--that is capable of handling the security concerns its projects required. In doing so, it overviews Ipreo's experience in working with outsourcing providers and in finding EPAM, describing the process Ipreo used to test EPAM's capabilities, a test that involved developing a data-analysis tool that Ipreo was not able to build internally, a tool that EPAM's team successfully delivered on time and to specification. It discusses the evolution of this outsourcing partnership, which an Ipreo representative calls a co-sourcing agreement. It looks at how this partnership led to EPAM taking on a major redesign of Ipreo primary product--Bigdough. It then details how the two organizations have successfully collaborated in redesigning this software in a way that accommodates the needs of users. It suggests several tec
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