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EPAM Innovation Lab Wins IT Outsourcing Project of the Year at 2013 EOA Awards and Best Practice Showcase

Newtown, PA—June 6, 2013—EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex software engineering solutions and the leader in Central and Eastern European IT service delivery, announces the Innovation Lab project it created with long standing client Wolters Kluwer, has won in the IT Outsourcing Project of the Year category at the 2013 European Outsourcing Association Awards and Best Practice Showcase. The winners in 11 nominations were announced in Amsterdam, Netherlands, on April 25, during the annual EOA Awards ceremony that celebrates best pan-European IT practices. 

“Congratulations to EPAM Systems on winning the EOA Award for IT Outsourcing Project of the Year. Their technological expertise and innovation ethos, allied to a strong partnership approach, allowed their client to reap significant business benefits,” says Martyn Hart, EOA Chairman. "The EOA Awards provide a much-needed platform to champion the companies and projects that are driving the European outsourcing industry forward.  Innovation and added value are right to the fore of the awards entries - many of these outsourcing projects are providing true business transformation, changing the way things are done across Europe.”

“This project produced an application for navigating and discovering content in diverse repositories, with the ability to pivot on any dimension of the content,” says Mike Radigan, Chief Technology Officer, Wolters Kluwer Global Platforms Organization. “It enabled a user to explore connections in the content they wouldn’t normally discover. The result of this collaborative effort clearly demonstrates the value of the Innovation Lab we have set up with EPAM, and is a true reflection the innovative ideas EPAM brings its clients.”  

Oleg Vilchinski, Director of Business Information & Media, EPAM adds, “For 20 years EPAM has been helping clients solve their R&D challenges and today we have dozens of Innovation Labs that help clients shape the future of their businesses. EPAM brings industry knowledge, experience of building some of the world’s most complex technology systems, and our own EPAM Innovation Management Platform. Together these components help clients conceive, test, and commercialize new, bold ideas.”

About European Outsourcing Association

Founded in 2004 by the British National Outsourcing Association, The European Outsourcing Association operates as a pan-European federation of country-specific bodies that act as independent non-profit organizations whose shared objective is to leverage effective business and process outsourcing. Currently, the Association includes over 1,000 corporate members. The annual EOA Awards held in Amsterdam (Netherlands) attract the world-leading service providers, clients, and consultants in the outsourcing business domain.

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About Wolters Kluwer

Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer’s leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) provides software engineering solutions through its leading Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs over 8,700 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 10 Market Leaders in Industry Verticals by Zinnov’s “Global R&D Service Providers Rating (GSPR) 2012”. EPAM was named as one of the three best companies in the Independent Software Vendor (ISV) Enterprise Software and Consumer Software, Enterprise Mobility and Cloud verticals.

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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.