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2014-04-24

EPAM Systems, Inc.: EPAM Central & Eastern European Delivery Centers Appraised at Highest CMMI Maturity Level 5

Newtown, PA
-April 24, 2014
-
EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex product
development and software engineering solutions and a leader in Central and
Eastern European IT service delivery, today announced its delivery centers in
Hungary, Belarus, and Ukraine have been appraised at Level 5 of the CMMI
Institute's Capability Maturity Model Integration (CMMI). CMMI is a process
improvement approach that provides organizations with the essential elements
of effective processes that ultimately improve their performance.

"The EPAM team has implemented a set of brilliant solutions in support of
business, and covers both customer needs and internal business expectations,"
said J. L. Iparraguirre, CMMI High Maturity Lead Appraiser, IAL Software
Engineering, S.A. With a special nod to Agile development, EPAM became the
first company in Hungary to be rated at the highest CMMI maturity
level."Orientation to actual actions related to process and technologies
improvement, demonstrated by EPAM's management and staff, was exceptional for
the IT industry,"
added Alexander Kondakov, Consultant and CMMI Lead Appraiser, Kondakov
Consulting.

Balazs Fejes, EPAM's Global Head of Banking and Financial Services Industry
Business Unit, added,"For over 20 years, EPAM has been working with customers
demanding agility,
the highest quality of development, and the fastest implementation times. The
CMMI Level 5 appraisal of our teams confirms that we are able to adopt agile
principles to improve quality and reduce time-to-market for clients seeking
to develop complex software solutions in Banking, Media, Retail and other
industries."

The full appraisal details can be found on the CMMI Institutewebsite.

About EPAM Systems

Established in 1993, EPAM Systems (NYSE: EPAM) is recognized as a leader in
software product development by independent research agencies. Headquartered
in the United States, EPAM employs over 9,300 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. In 2013, EPAM was ranked by Forbes as #6
amongAmerica's 25 Fastest-Growing Tech Companiesand #2 on the list
ofAmerica's Best Small Companies: 20 Fast-Growing Tech Stars.

For more information, please visitwww.epam.com

About The CMMI Institute

CMMI is the result of more than 20 years of ongoing work at Carnegie Mellon
University by members of industry, government, and the Software Engineering
Institute. Powered by Carnegie Mellon, the CMMI Institute is working to build
upon CMMI's success, advance the state of the practice, accelerate the
development and adoption of best practices, and provide solutions to the
emerging needs of businesses around the world.

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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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