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EPAM Strengthens Executive Team With the Addition of Richard Osborne

Former Ernst & Young Partner brings 28 years industry leadership to premier Russian IT services outsourcing firm

Princeton, NJ — November 1, 2002 — EPAM Systems, one of the Russia's largest IT services outsourcing firm, today announced that Richard Osborne has been named Senior Vice President.

Richard brings to EPAM more than twenty-eight years in management and consulting leadership positions, providing an array of technology and business services to large and medium size companies. Richard was a Senior Partner with Ernst & Young Consulting, and most recently a Vice President at Cap Gemini Ernst & Young.

Previously, Richard was a Principal in the Health, Insurance and Pharmaceuticals consulting practice at EDS, served as Senior Consultant at Arthur D. Little, and led new business development for a division of the Upjohn Company. Richard has a B.A. from Fairleigh Dickinson University, and an M.P.A. from New York University.

"Richard's record of accomplishment at Ernst & Young speaks for itself," said Arkadiy Dobkin, CEO of EPAM Systems. "His experience building a $100 million Consulting Practice will benefit our customers enormously. That he chose to expand his career at EPAM is a testament to our strong growth and market dominance. We are extremely glad to have him on board."

Richard and his team will focus on establishing a strong consulting practice to provide a bridge between our customers in US and technology delivery teams in our development centers. He will use his deep experience to help EPAM customers improve profitability and enhance software quality across the enterprise.

"EPAM is on the verge of tremendous growth. We have a 100% referenceable, Blue-Chip customer base, industry dominance in our geography, and a compelling story for companies looking to cut technology costs, increase software output and improve software quality," said Mr. Osborne. "In addition, EPAM has a unique onsite/offshore delivery model and a deep, scalable well of technical expertise."

About EPAM Systems

A leading provider of e-business, enterprise relationship management, content management solutions, and custom development services in software outsourcing, Eastern Europe’s EPAM delivers low-cost, high-quality software solutions globally using an onshore/offshore development model. Headquartered in Princeton, NJ, EPAM has its major 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

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