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EPAM Recognized as a Global R&D and Product Development Services Leader for Enterprise Mobility and Cloud Verticals

Newtown, PA, December 14, 2012—EPAM (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, today announced it has been recognized by Zinnov, a management consulting firm, as a leader in global R&D and Product Development Services for Enterprise Mobility and Cloud Verticals.

Zinnov's annual R&D Global Service Provider Rating ranked EPAM as one of the three best companies in Enterprise Mobility and Cloud Verticals. EPAM's Cloud and Mobile Competency Centers combine experts, specialized tools and accelerators as well as R&D and industry insights to bring additional depth to help clients solve challenges in these areas. This year EPAM has been already named by Zinnov in Global Service Provider Report 2012 as one of the three best companies in the Independent Software Vendor (ISV) Enterprise Software and Consumer Software categories, confirming its capability of implementing a go-to-market concept for software products, introducing strategic innovations for its customers, and working with the world’s most innovative ISVs.

"EPAM has been heavily investing in Mobile for the last 7 years, and it is great to see the recognition of our high level of expertise and thought leadership in this area from our clients and analyst community," says Yev Galper, Head of EPAM Mobile Competency Center.

“Adoption of Cloud technologies is at the top of priority lists for our clients. The experience of building products for many of the world’s top software companies and emerging technology start-ups uniquely positions us to address the specific demands of product development initiatives in the cloud. With close to 20 years of experience in product development services, we combine the newest technologies and our investment in accelerators to develop mission-critical applications that address the unique challenges of the enterprise. This combination enables us to deliver innovative, business-led Cloud Solutions," says Eli Feldman, EPAM’s VP of Cloud Solutions and Services.

About The Global R&D Service Providers Rating

The Global R&D Service Providers (GSPR) Rating 2012 is an annual study undertaken by Zinnov to assist business leaders in spearheading global engineering initiatives and enable them to make the right decisions in partner selection across geographies. Zinnov is a leading management consulting firm in India with a focus on helping its customer globalize their R&D / Product Engineering activities.

About EPAM Systems

Established in 1993, EPAM Systems (NYSE:EPAM) provides software engineering solutions through its leading Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs over 8,100 IT professionals and serves clients worldwide from its locations in the United States, Canada, UK, Switzerland, Germany, Sweden, Belarus, Hungary, Russia, Ukraine, Kazakhstan, and Poland.

EPAM is recognized among the top companies in IAOP's "The 2012 Global Outsourcing 100," featuring EPAM in a variety of sub-lists, including “Leaders—Companies in Eastern Europe.” The company is also ranked among the best global service providers on "The 2012 Global Services 100" by Global Services Magazine and Neogroup, which names EPAM  "Leaders—Global Product Development" category.

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Forward-Looking Statements

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.