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First Index Announces Partnership With EPAM to Facilitate System Integration of First Index Contract Manufacturing Sourcing Platforms With Major Enterprise Applications

Partnership to expedite and simplify complex IT integration for buyers and suppliers of industrial custom-manufactured parts

Whippany, NJ — October 1, 2004 — First Index, the world's most trusted sourcing service for buyers and suppliers of custom manufactured components, today announced a partnership with EPAM Systems, the largest IT outsourcing provider with advanced software engineering centers in Eastern Europe, to deliver integration services for FindFAST PRO, First Index's online global sourcing platform. The partnership draws on the companies' previous collaboration and EPAM's expertise in system integration.

First Index's global sourcing service has gained significant acceptance with many major US Original Equipment Manufacturers, and an increasing number of customers would like to fuse the First Index sourcing platform for custom manufactured components and assemblies with related engineering and enterprise resource planning processes. This requires integration of First Index products with existing enterprise IT landscape, and particularly with company portals, ERP, and CAD systems.

Russ White, CEO of First Index, commented that "First Index was impressed with the track record of EPAM which participated in complex integration projects for such companies as Halliburton, Samsung America, Colgate-Palmolive, British Telecom, ABB, Scania, Renault VI, Honda, Compaq and others. EPAM has proven expertise in integrating mission critical software solutions with business software packages from SAP, Microsoft, Autodesk, Parametric Technology Corporation and other ERP and CAD/CAM vendors. Another significant factor in First Index's decision to partner with EPAM in these integration efforts was the fact that EPAM has been responsible for the development and implementation of the First Index online RFx platform."

Arkadiy Dobkin, EPAM CEO, noted: "It is rewarding to learn about the practical results of our team's efforts. I am sure we will be able to cope with new challenges, backed up with our knowledge of the First Index systems that we have acquired in our work with the First Index RFx platform".

About First Index

Since its foundation in 1992, First Index has become the world's leading sourcing service for industrial custom-manufactured parts and assemblies. In 2003 more than 5,000 buyers posted over 14,000 RFQ's through First Index's online sourcing platform. With offices in the US, UK, Germany, India, Hungary, Mexico and Shanghai, First Index helps manufacturing companies source suppliers of custom-made parts locally or internationally. In addition to this unmatched experience and scale, First Index offers superior 'live' support throughout the sourcing process for each RFQ sourced through the First Index platform.

About EPAM Systems

EPAM Systems is a leading provider of software development outsourcing services, e-business, enterprise relationship management, and knowledge and content management solutions. Established in 1993 in Princeton, New Jersey, EPAM Systems has technology development centers in Moscow, Russia, Minsk, Belarus, and Budapest, Hungary. EPAM solves complex business and technology problems using a delivery model that combines onsite presence (in US and EU) with Eastern European offshore and nearshore services, and was the first technology firm in Europe to achieve CMMI Level 4 certification.

EPAM's customer base includes Reuters, Samsung America, Colgate-Palmolive, CareFirst BlueCross BlueShield, London Stock Exchange, Encorus, Mandalay Resort Group, Halliburton, British Telecom among others. In the technology world, EPAM provides services to firms such as SAP, Hyperion, BEA Systems, Microsoft, SUN Microsystems, Xelus, and others.

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