Ricston

Ricston is a system integrator founded in 2006 specializing in the implementation of the Mule ESB solution (it was developed by MuleSoft, later bought by Salesforce). Ricston also offers consulting, training and software development services (including for Android). Clients include representatives of the financial, educational and public sectors, health, retail, tourism. By July 2021, Ricston is based in Malta, there are also offices in Britain and Spain.

History

2021: Epam bought Ricston for $10 million

In July 2021, the cost of selling Ricston to Epam became known - $10 million. This amount includes $7.9 million, which the buyer gave immediately after the closure of the transaction, as well as a deferred payment of $1.3 million. In addition, depending on Ricston's performance, its owners can be paid a total of $2.1 million.

Epam acquired Ricston for $10 million

Ricston's developments are expected to complement Epam's expertise in microservices and APIs, technology consulting, and become an integrated component of Salesforce's growing practice.

Demand for professional expertise and expertise in areas such as APIs and microservices will continue to grow in the post-view period as our key customers in the vertical segment (from financial services and insurance to software and high technology) strive to introduce modern architecture and integration solutions into their new and more flexible business strategies, "says Viktor Dvorkin, Senior Vice President and Head of Global Development at Epam. - The strong technical team of Ricston, based in Europe, will bring deep expertise to Mulesoft, at the same time expanding our capabilities in the design, architecture, modernization and construction of the entire range of business solutions based on API and Salesforce.[1]

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