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2014-04-30

EPAM Systems, Inc.: EPAM Acquires Jointech, Expands China-Based Delivery Capabilities

Newtown, PA - April 30, 2014 -
EPAM Systems, Inc. (NYSE:EPAM), a leading provider of product development and
complex software engineering solutions, announced it has acquired Joint
Technology Development Limited ("Jointech"), a company providing strategic
technology services to multi-national organizations in Investment Banking,
Wealth and Asset Management.
"Since 2007, Jointech professionals in Shenzhen and Hong Kong have delivered
specialized solutions tailored to the needs of Investment Banks and Wealth
Managers. Our engineering center in Shenzhen is world-class. Our 7-year
presence in the region and extensive track record serving global investment
banks combines well with EPAM's deep service portfolio and scaled delivery
platform across Eastern Europe and other regions. We are very pleased to
benefit from EPAM's expertise as we build together in APAC and create an
integrated global platform for our multinational clients." said John Cestar,
co-founder of Jointech.
Arkadiy Dobkin, CEO and President of EPAM added, "We are very excited about
Jointech becoming a part of EPAM. This acquisition will help EPAM both cover
the needs of our Banking clients in growing markets, such as South East Asia,
and significantly expand EPAM China, Hong Kong, and Singapore footprint to
serve large global customers across all of the other EPAM verticals."
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM), is recognized as a
leader in software product development by independent research agencies.
Headquartered in the United States, EPAM employs approximately 9,800
professionals and serves clients worldwide utilizing its award-winning
Central and Eastern European global delivery platform and its locations in 17
countries throughout North America, Europe, and Asia. EPAM was ranked by
Forbes as #6 among America's 25 Fastest-Growing Tech Companies and #2 among
the Fast-Growing Tech Stars.
For more information, please visit www.epam.com.
About Joint Technology Development Limited
Joint Technology Development Limited is a company providing strategic
technology development, analytics and business process capabilities from
Shenzhen, China to Global Investment banking and asset management industry.
For more information, please visit www.jointechdev.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.

Contact:

EPAM Systems, Inc.
Anthony J. Conte, Chief Financial Officer
Phone: +1-267-759-9000 x64588
Fax: +1-267-759-8989
E-Mail: investor_relations@epam.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc. via Globenewswire

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