EPAM Named One of New Jersey's Fastest Growing Technology Companies in Deloitte & Touche LLP's Technology Fast 50 Program

Press Release:

Prestigious award is conferred on EPAM for the fourth consecutive year

Princeton, NJ - September 15, 2005 - EPAM Systems (www.epam.com) a proven supplier of offshore software development services, has been named to prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area by Deloitte & Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage revenue growth over five years from 2000-2004.

EPAM's CEO Arkadiy Dobkin credits customer-focused approach and total commitment to quality with the company's 391 percent revenue growth from 2000-2004. He said: "This honorable distinction is conferred on our company for the fourth consecutive year and reaffirms EPAM's vision, strength and dedication to deliver excellence in offshore software development outsourcing services."

Paul Mlynarski, a partner at Deloitte Tax LLP and chairperson of Deloitte's New Jersey Technology Fast 50 program, noted: "Sustaining high revenue growth over five years is an exceptional accomplishment. We are proud to honor EPAM as a Deloitte Technology Fast 50 winner."

Winners of the 15 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on Deloitte's Technology Fast 50 or Fast 500 programs, visit www.fast500.com.


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About EPAM Systems


EPAM Systems is a global provider of software development outsourcing services. In January 2005 EPAM was named No.1 of "Top 5 to Watch in Central and Eastern Europe" and No.3 of "Top 10 Specialty Application Development Leaders" on the global Offshore 100 list by neoIT and CMP's Managing Offshore. Established in 1993 in Princeton, New Jersey, EPAM Systems has technology development centers in Russia, Belarus, and 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.

www.epam.com

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