EPAM Named to the 500 Fastest Growing Companies in North America Deloitte’s 2012 Technology Fast 500™ List

Press Release:

Newtown, PA, January 25, 2013—EPAM (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, today announced its inclusion in the Deloitte’s Technology Fast 500™ ranking—a list of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. EPAM's revenues grew by 193% from 2007 to 2011.

“We are pleased that our clients continue to rely on us for their most challenging software engineering needs. Our sustained growth confirms our ability to help clients in Banking and Finance, Travel and Consumer, and Business Information and Media industries develop mission-critical enterprise applications. By including EPAM in the Technology Fast 500 list, Deloitte recognizes EPAM’s 20 years of continued excellence in providing quality services to today's leading enterprises“, said Arkadiy Dobkin, EPAM CEO and President.


About Deloitte’s 2012 Technology Fast 500™

Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.


About EPAM Systems

Established in 1993, EPAM Systems (NYSE: EPAM) provides complex software engineering solutions through its award-winning 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.

For more information, please visit www.epam.com


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.