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- EPAM Systems (NYSE:EPAM) is up 7.7% on news that it's joining the S&P 500.
- The IT company is replacing Kansas City Southern (NYSE:KSU), which is set to be acquired by Canadian Pacific Railway Limited.
- The move is effective before the open of trading on Tuesday, Dec. 14.
- EPAM recently acquired Emakina Group to build up its presence in EMEA markets.