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EPAM Systems, Inc. named one of New Jersey's fastest growing technology companies in Deloitte & Touche "Fast 50" Program
Attributes Award to 1,109% Percent Growth Over Five-Year Period
Princeton, NJ, August 15th, 2002 -
EPAM Systems, Inc. has been named to Deloitte & Touche's
prestigious "Technology Fast 50" Program for New Jersey,
a ranking of the 50 fastest growing technology companies in
the area. Rankings are based on the percentage of growth
in fiscal year revenues from 1997-2001 (five-year period).
EPAM Systems 's CEO Arkadiy Dobkin credits the emergence of
the offshore software development business model and EPAM's
premier position among Russia's technology outsourcers with
the company's 1,109% percent revenue growth from 1997-2001.
He said, "EPAM is pleased and proud to have its track
record of success recognized by an organization like Delloite & Touche."
EPAM System's increase in revenues of 1,109% percent from
1997 to 2001 resulted in a 24th ranking overall in the
Fast 50 for New Jersey. The average increase in revenues
among companies who made the Fast 50 for this region was 794 percent.
To qualify for the Fast 50, companies must have had operating
revenues of at least $50,000 in 1997 and $1,000,000 in 2001,
must be public or private companies headquartered in New Jersey,
and be "technology companies," defined as companies that own
proprietary technology which contributes to a significant
portion of the company's operating revenues or devotes
a high percentage of effort to research and development of
technology.
Winners of the 20 regional Technology Fast 50 programs in
the United States and Canada are automatically entered in the
Deloitte & Touche Technology Fast 500 program,
which ranks North America's top 500 fastest growing
technology companies. For more information on the
Deloitte & Touche Fast 50 or Fast 500
programs, visit http://www.fast500.com.
About EPAM Systems
Established in 1993, EPAM is a leading provider of software
development outsourcing services, e-business, enterprise relationship
management, and content management solutions. EPAM delivers low-cost,
high-quality software solutions globally using an onshore/offshore
development model. Headquartered in Princeton, NJ, EPAM has
development centers in Moscow, Russia and Minsk, Belarus. EPAM's
customer base includes such companies as Colgate-Palmolive,
Halliburton, Verizon Communications, Samsung America, CareFirst BlueCross BlueShield, Bally of Switzerland and other.
In the technology world EPAM provides services to such firms as SAP,
Brio Software, ServiceWare, PTC, and others. More
information about the company can be found at
http://www.epam.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation's leading
professional services firms, provides assurance and
advisory, tax, and management consulting services through nearly
30,000 people in more than 100 U.S. cities. The firm is dedicated
to helping its clients and its people excel. Known as an employer of
choice for innovative human resources programs, Deloitte & Touche
has been recognized as one of the "100 Best Companies to Work For
in America" by Fortune magazine for five consecutive years.
Deloitte & Touche refers to Deloitte & Touche LLP
and related entities. Deloitte & Touche is the US
national practice of Deloitte Touche Tohmatsu. Deloitte
Touche Tohmatsu is a Swiss Verein, and each of its
national practices is a separate and independent
legal entity. For more information, please visit
Deloitte & Touche's web
site at http://www.deloitte.com/us.
For more information on the Technology Fast 50 and Fast 500 programs, please
visit
http://www.fast50.com.
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