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EPAM's Leadership of Central & Eastern European Software Services Sector Reconfirmed by IAOP's 2010 Global Outsourcing 100 Ranking

Press Release:

Newtown, PA — May 4, 2010 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider in Central and Eastern Europe (CEE), has been selected once again by the International Association of Outsourcing Professionals (IAOP) to the list of the world's best outsourcing service providers — The Global Outsourcing 100. EPAM's fifth consecutive inclusion in the ranking, as the highest rated Central & Eastern European provider, reaffirms EPAM's regional leadership as well as global competitiveness. Further testimony to EPAM's growing global recognition comes from its inclusion in additional sub-list rankings, such as "Best 10 Leaders in Revenue Growth" and "Best 10 Leaders by Industry Focus — Entertainment & Media".

The Global Outsourcing 100 list is based on the results of a rigorous review of the companies' competencies conducted by the Evaluation Team of judges. "As the economy recovers, partnering with the world's best outsourcing providers will be more important than ever," said Michael Corbett, IAOP chairman and chair of the judges' panel. "The Global Outsourcing 100® helps companies easily identify those partners who will help them emerge as leaders." EPAM has earned the highest scores in such key areas as Employee Management (maximum 8 pts), Sustained Growth, Executive Leadership, Customer References, and Company Recognitions.

"In a year that was challenging for most, being able to confirm our position among the global leaders demonstrates our clients' trust in EPAM's top quality service capabilities, as well as in our financial stability and maturity, that allowed us to share mutual risks during those difficult times and still to grow together," said Arkadiy Dobkin, President and CEO of EPAM Systems. "We look forward to capitalizing on this new level of partnership further during this much more optimistic 2010".


About IAOP

The International Association of Outsourcing Professionals™ (IAOP™) is the global, standard-setting organization and advocate for the outsourcing profession. With more than 100,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit www.outsourcingprofessional.org.


About EPAM Systems

Established in 1993, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 5,000 professionals and provides services to clients worldwide utilizing a global delivery model through its client facing and delivery operations in North America, UK, Germany, Switzerland, Sweden, Russia, Belarus, Hungary, Ukraine, and Kazakhstan.

EPAM's core competencies include complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications and vertically oriented IT consulting services for global Fortune 2000 corporations.

EPAM is recognized among the top companies in IAOP's "The 2010 Global Outsourcing 100" and in "The 2009 Global Services 100" by Global Services Magazine and neoIT. The company is the only CEE's IT services vendor included in the global "Top 10 Best Performers: IT Services" and also ranked among the world's "Top 10 Best Performers: Outsourced Product Development" according to the magazine's 2009 rating.

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