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2016-02-23

EPAM Systems, Inc: EPAM Recognized in Leadership Zone Across Six Media and Entertainment Segments in Zinnov's Global Service Providers Ratings 2015

NEWTOWN, Pa., Feb. 23, 2016 (GLOBE NEWSWIRE) -- EPAM Systems, Inc.
(NYSE:EPAM), a leading global provider of product development and software
engineering solutions, announced today that it was recognized by Zinnov
Management Consulting, a leading globalization and market expansion advisory
firm, in the Leadership Zone for multiple categories in Media and
Entertainment in its Global Service Providers Ratings (GSPR) 2015.

"This recognition by Zinnov is a confirmation of our ability to adapt to
constant technology shifts and help our customers become leaders in the rapid
transition to digital asset consumption in the Media and Entertainment
industry," said Robert Koch, VP, Media and Entertainment Technology
Solutions, EPAM. "According to the research, EPAM ranked in the Leadership
Zone for Broadcast, Entertainment, Publishing, Info Services, New Media and
Marketing and Advertising. This placement recognizes EPAM's unique
capabilities and strengths in accelerating mission-critical digital
transformation initiatives for our clients in Media and Entertainment."

Technology disruption is driving Media and Entertainment companies to engage
service providers that can provide platform engineering and IT solutions to
meet these growing demands. According to the report, the global Platform
Engineering Services (PES) and IT services market will be worth $92 billion
USD by 2020.

In its first media and entertainment report, Zinnov assigned Leadership Zone
rankings to service providers that demonstrated the following attributes:

* Capability to perform concept to Go-To-Market for the segment
* Significant investments in Lab infrastructure
* Strong capability in content supply chain, mobility solutions, analytics
platforms
* Formal innovation culture, resulting in IP's and strategic innovations
* Leadership role in alliances, leverage startups, specific academic
research, and co-creation with customers

Recognition in the Leadership Zone indicates strong performance in all
attributes.

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 serves clients worldwide utilizing
its award-winning global delivery platform and its locations in over 25
countries across North America, Europe, Asia and Australia. EPAM was ranked
#6 in America's 25 Fastest-Growing Tech Companies and #3 in America's Best
Small Companies lists by Forbes Magazine.

For more information, please visit http://www.epam.com/.

About Zinnov:

Zinnov assists clients improve organizational efficiency, innovation and
revenue by leveraging global resources and markets. The company offers deep
expertise in Engineering, Digital and Globalization. Zinnov has been at the
forefront of innovation and thought leadership. With over a decade experience
in globalization, it helps us in understanding customer problems and coming
up with viable solutions. Zinnov assists clients in addressing globalization
challenges by offering customers insights, data, and implementation support
to address their challenges. The company's in-depth experience is driven by
its focus on engineering and digital practice areas. Visit us at
www.zinnov.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: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz@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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