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EPAM to Demonstrate Advantages of Geographic and Technology Multi-Sourcing at Gartner Outsourcing Summit

Lawrenceville, NJ — March 17, 2007 — EPAM Systems, the leading offshore software development services company with development centers in Central and Eastern Europe, will participate in the Gartner Outsourcing Summit conducted in Dallas, TX, on March 19 - 21. By sponsoring the event, EPAM aims at bringing the best of its software development experience to those North American corporations who want to maximize outsourcing opportunities, drive innovation, and take better advantage of the global talent pool through geographic and technological multi-sourcing.

As the # 1 Software Outsourcing Services Provider in Central and Eastern Europe and Specialty Application Development leader, reaffirmed for the third time, EPAM will share the best practices in delivering complex and innovative software solutions and products using the distributed team environment model by engaging high-quality software engineers from its multiple outsourcing locations in Russia, Hungary, Belarus, and Ukraine. Besides, EPAM will demonstrate how its rich offshore software development experience of servicing global business and technology leaders in Finance, Software and Technology, Travel, Insurance, Telecommunications, Consumer Goods and Services has helped the company's clients improve their competitiveness and retain technological leadership.

"Such global heavyweights as Reuters, London Stock Exchange, Colgate-Palmolive, BlueCross BlueShield, among others, have been strategically leveraging EPAM's software engineering talent consolidated in Central and Eastern Europe and proven industry expertise gained over the company's 14 years of service record," comments Arkadiy Dobkin, EPAM CEO and President. "The Gartner Outsourcing Summit is one of the most sought after and looked forward to trend-setting events on Information Technology outsourcing. I am confident, EPAM's experience in cutting-edge platform and product development drawn on close partnerships with such technology powerhouses as SAP, Microsoft, BEA, and Hyperion will provide extra value to the event attendees seeking for alternative ways to capitalize on IT outsourcing."

EPAM cordially invites the event participants to visit EPAM at Booth "A" for a hands-on introduction into the geographic and multi-sourcing capabilities rendered by the company.

About EPAM Systems

Founded in 1993, EPAM Systems is independently recognized as a global service provider that demonstrates leadership, innovation and outstanding performance in software development outsourcing. Both in 2005 and 2006 EPAM was named No.1 of Top 5 IT Outsourcing providers in Central and Eastern Europe on the "Global Services 100" list by Global Services Magazine and neoIT. In 2006 EPAM was also named No.1 of "Top 10 ITO Offshore: Eastern/Central Europe" and No.3 of the global "Top 10 ITO: Specialty Application Development" within the Top 50 Best Managed Outsourcing Vendors study.

The company possesses the largest resource pool in Central and Eastern Europe and boasts the strongest onsite presence in the US and EU: its offshore software development centers located across Russia, Hungary, Belarus, and Ukraine work in synergy with the client facing support and delivery operations in US, UK and Germany.

EPAM's customer base includes industry leaders such as Reuters, London Stock Exchange, Colgate-Palmolive, British Telecom, Empire and CareFirst BlueCross BlueShield, Schlumberger and Halliburton and technology leaders such as SAP, BEA Systems, Microsoft, and Hyperion.

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