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2016-12-20

EPAM Recognized as a Leader in Application Outsourcing Capabilities

ing Capabilities

NEWTOWN, Pa., 2016-12-20 20:14 CET (GLOBE NEWSWIRE) -- EPAM Systems, Inc.
(NYSE:EPAM), a leading global provider of product development and software
engineering solutions, today announced it has been named a leader in
Application Outsourcing Capabilities in the report “The Forrester Wave™:
Application Outsourcing Capabilities of Midsize Offshore Vendors, Q4 2016.”
EPAM scored among the top three in client satisfaction and according to the
report, “More than any other midsize vendor, EPAM Systems combines digital
product engineering competencies and the ability to solve difficult technical
challenges with the flexibility and customer centricity advantages of a midsize
provider.”

Earlier this year, EPAM was named the leader in Digital Platform Engineering
Services in the report “The Forrester Wave™: Digital Platform Engineering
Services, Q2 2016.” According to the report, “Customers consistently cited EPAM
as a strategic partner in business-critical digital transformation projects.”

“We believe EPAM’s recognition by Forrester underscores our ability to
successfully implement new digital technologies while remaining true to our
engineering DNA, as stated in the newest report,” said Elaina Shekhter, Chief
Marketing Officer, EPAM. “Industry leaders are seeking partners who can offer
increased automation and innovation capabilities, and we have helped many of
our clients solve their complex application challenges through our
customer-centric approach and deep vertical expertise.”

To assess the application outsourcing capabilities of midsize offshore
providers, Forrester evaluated the strengths and weaknesses of 12 service
providers. After examining past research, user needs assessments, and vendor
and expert interviews, Forrester evaluated suppliers across 33 criteria in
three categories: current offering, strategy, and market presence.

To learn more about EPAM’s expertise in delivering innovative software
engineering solutions to its customers, visit http://www.epam.com/ideas.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE:EPAM), has leveraged its core engineering
expertise to become a leading global product development and digital platform
engineering services company. Through its ‘Engineering DNA’ and innovative
strategy, consulting, and design capabilities, EPAM works in collaboration with
its customers to deliver innovative solutions that turn complex business
challenges into real business opportunities. EPAM’s global teams serve
customers in over 25 countries across North America, Europe, Asia and
Australia. EPAM is a recognized market leader among independent research
agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies,
as a top information technology services company on FORTUNE’S 100 Fastest
Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at
http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn.

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.

CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz@epam.com

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