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For the Second Consecutive Year Saratov State University Team, Sponsored by EPAM, Becomes a Winner of the ACM International Collegiate Programming Contest

Lawrenceville, NJ — April 18, 2007 — EPAM Systems, the leading offshore software development services company with development centers in Central and Eastern Europe, announces that the Saratov State University team, sponsored by the company, became a Silver prize winner at the recent ACM International Collegiate Programming Contest held in Tokyo, Japan. Having demonstrated the sixth best result in complex, real-world problem-solving the team competed with eighty-eight teams of students from around the globe.

The ACM International Collegiate Programming Contest (ACM-ICPC) traces its roots to a competition held at Texas A&M in 1970. Today it is one of the most prestigious and the oldest programming contests organized to foster creativity, teamwork, and innovation in building new software programs. This event highlights students’ ability to perform under pressure and in real-world conditions.

ACM President Stuart Feldman pointed to the superior problem-solving abilities demonstrated throughout the competition from teams across the globe. "The competition at the ACM ICPC World Finals is incredible. The contestants must attack a wide variety of problems, and the top 15 teams are all performing at a level that exceeds what it took to win the contest only 10 years ago," he said. "This contest is a concrete indicator of talent and future possibility. Students like these are tomorrow's top prospects in the information technology and computing fields."

The Saratov State University has advanced its team to the ACM-ICPC World Finals for the fifth time. Both in 2002 and 2003 the team was awarded silver medals. Additionally, in 2002 the team was also crowned Europe's programming champion. In 2006 the Saratov State University students were the first prize winners of the European programming championship and of the ACM Contest World Finals.

"EPAM has been a long-term supporter of the initiatives targeting the finest and brightest students specializing in computing disciplines. As the sponsor of the Saratov team's participation, we are deeply satisfied with the outstanding results demonstrated by the contestants, thus reconfirming the leadership position of the Russian programming school on the Global Market", said Serguei Laletine, Director, EPAM Saratov Development Center.

"We are confident that our cooperation with EPAM, the CEE region's leading software development outsourcing provider, will further stimulate the intellectual cravings of our students revealing such amazing results", noted Dmitry Usanov, Saratov State University Pro-rector.

Alexey Klimov, the ACM-ICPC finalist, Saratov State University student shared his impression of the contest, "Our participation in the ACM Contest Finals brings us invaluable experience. We are happy to have had the opportunity to prove again to the whole world the top level of the Russian programmers. We would also like to express our genuine thanks to EPAM for their ongoing support and help."

"Russia's strong technical skills, sound methodologies, and high education levels are often cited both by the industry analysts and media. Many western clients name these qualities as the key reasons for selecting Russian software engineering services providers to engage in large-scale, complex R&D and high tech projects. As an outsourcer leveraging the resource talent of Eastern Europe, and Russia in particular, we are proud to witness the Russian IT potential grow year after year as more savvy engineering minds boldly step in," commented Arkadiy Dobkin, EPAM CEO and President, on the team's commendable achievements.

About ACM

The Association for Computing Machinery (ACM) is a major force in advancing the skills of information technology professionals and students. ACM serves its global membership of 80,000 by delivering cutting edge technical information and transferring ideas from theory to practice. ACM hosts the computing industrys leading Portal to Computing Literature. With its journals and magazines, special interest groups, conferences, workshops, electronic forums, Career Resource Centre and Professional Development Centre, ACM is a primary resource to the information technology field.

About EPAM Systems

Founded in 1993, EPAM Systems is independently recognized as a global service provider that demonstrates leadership, outstanding performance and innovation in software development outsourcing using the latest development practices and methodologies such as Agile. Russia, Hungary, Belarus, and Ukraine locate EPAM’s major offshore software development centers which work in synergy with the client facing support and delivery operations in US, UK and Germany. The company possesses the largest resource pool in Central and Eastern Europe and boasts the strongest onsite presence in the US and EU.

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.

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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