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EPAM Systems Announces EPAM xApps Consulting and NetWeaver Expert Practices

Princeton, NJ — March 12, 2004 — EPAM Systems, Inc., a global provider of software development and outsourcing services, announced today the launch of its xApps cross-applications implementation and NetWeaver expert practice.

EPAM xApps consulting division addresses emerging industry demand for enterprise-level applications supporting cross-functional business processes as well as the need for SAP's new NetWeaver platform expertise. EPAM leverages its expertise accumulated during the two years of working alongside SAP engineers from Walldorf, Germany, Palo Alto, California, and Bangalore, India on the creation of new composite applications. In 2002 and 2003 EPAM was involved in the development of the first shipped SAP xApp composite application, SAP xApp Resource and Program Management (SAP xApp RPM) as well as other xApps.

EPAM xApps team consists of experienced developers, architects and business consultants with in-depth knowledge of the SAP software application platform and SAP development environment including SAP NetWeaver platform components such as Enterprise Portal, WebDynPro, XI, MDM, Java tools, and the traditional SAP enterprise applications such as mySAP BI (BW, SEM, portal, KM), mySAP CRM, SAP R/3 (FI, CO, MM, SD, PP, PM, HR).

Powered by SAP NetWeaver integration and application technology platform, SAP xApps packaged composite applications are designed for interoperability with legacy information systems, and other pre-existing enterprise applications. SAP xApps reach across core business processes, support business roles and functions, provide software tools and portal workplaces, incorporate knowledge of best practices including document and process templates, monitor execution against sets of key performance indicators (KPI), and supply useful predefined reports.

For the current and future SAP client and partner companies who are concerned with the challenge of getting value from disconnected silos of multiple business applications, EPAM offers:

  • Faster implementation of SAP and SAP Partners xApps software products 
  • Expert xApps design and expedited development of new custom enterprise cross-applications 
  • Value of cost-efficient outsourcing services

EPAM President Arkadiy Dobkin says: Enterprise customers now seek more efficient solutions, with lesser costs, and faster enterprise-wide implementations than ever. Bridging the gap between best business practices and traditional software applications requires new and radical solutions. SAP xApps is the most complete and proved implementation of the business process fusion concept, as described by Gartner Research and other leading analysts, and expectedly so, considering substantial SAP experience in almost all areas of enterprise operations. Given our continuous involvement in SAP xApps development efforts, we know and value high potential of SAP xApps products, and plan to position ourselves as an early, visionary and experienced player at this prominent market.

About EPAM Systems

Established in 1993, EPAM Systems is headquartered in Princeton, New Jersey with technology development centers in Moscow, Russia and Minsk, Belarus. EPAM is a leading provider of software development outsourcing services, e-business, enterprise relationship management, and content management solutions. EPAM solves complex business and technology problems using an on-site/onshore/offshore delivery model. EPAM software engineering process is certified to SEI-CMMI maturity level 4, while its quality management system is certified to ISO 9001:2000.

EPAM's customer base includes CareFirst BlueCross BlueShield, Reuters, SBLI USA Mutual Life Insurance Company, Colgate-Palmolive, Halliburton, Verizon Communications, Samsung America, Bally of Switzerland, among others. In the technology world, EPAM provides services to firms such as SAP, Hyperion Software, ServiceWare, Logic Library, and others.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's Annual Report on Form 20-F for 2002 filed with the SEC on March 21, 2003. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

SAP, SAP NetWeaver, SAP xApps, and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies.

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