Aberdeen Group Chooses EPAM to Represent Best Practices in Offshore Outsourcing

Press Release:

Implementation of corporate website for West Group highlighted

Princeton, NJ — September 1, 2002 — EPAM Systems, Inc., a U.S. software services supplier with development facilities in Minsk, Belarus and Moscow, Russia, was named by Aberdeen Group, a leading market analysis and positioning services firm, as one of the most compelling examples of successful offshore service delivery for its special report on "Best Practices in Offshore Outsourcing" released on September 4, 2002.

The Aberdeen Group selected EPAM Systems, along with 14 other service providers, for its implementation of a complex ecommerce website for West Group, part of the Thomson Corporation. The site was built from the ground up using proven server, search, e-commerce and customer self-service technology to create an exceptional customer experience. The project was singled out for its ecommerce focus and collaborative nature.

The report points out that, "Although legacy application migration, enhancement, and management services constitute a significant majority of offshore outsourcing projects, the number of Web development and other complex application initiatives in the sector is increasing." Representing another stage in the evolution of offshore outsourcing, these projects are based on the same fundamental principles and practices that have always guided successful software development efforts: executive sponsorship; stakeholder participation; experienced and dedicated project management; clear, skilled resources; well-documented requirements and project plans; and rigorous processes tempered by flexible approaches in the face of continuous change. Adding language and cultural differences and spreading participants across several time zones make complex projects all the more challenging. Nevertheless, as West Group and EPAM's experience illustrates, these hurdles can be overcome, given the right combination of planning, collaborative processes, and technical and project management skills on the part of both the client and service supplier."

"We are proud to be selected by Aberdeen, among such market leaders as Infosys, Tata, Wipro, and Cognizant , as well as to be able to represent a growing list of Russian offshore IT service providers capable demonstrating the experience required to deliver such large and complex application as was the West Group case," said Arkadiy Dobkin, President of EPAM Systems.


About Aberdeen Group

Since 1988, Aberdeen Group has been a leader in providing market analysis and positioning services that help business technology suppliers meet the challenge of establishing leadership in fast-changing markets. Aberdeen is headquartered in Boston, MA, and has research centers in Palo Alto, CA, Fort Collins, CO and Amsterdam, the Netherlands.

Aberdeen's consultants provide up-to-the-minute global IT market insights in more than 25 IT market segments. Research practices focus on emerging market opportunities, market growth rates, important industry trends, and customer buying patterns. Aberdeen's technology expertise includes Enterprise Business Applications, Carrier and Enterprise Communications, Network Services, and Platforms.

www.aberdeen.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 www.epam.com

For further information, please contact: press@epam.com