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EPAM Named #1 in Multiple Categories by Outsourcing Analysts



    EPAM Systems, Inc., the leading global offshore software
    development services company with development centers in Central and
    Eastern Europe, has been honored with a series of awards from the "Top
    50 Best Managed Outsourcing Vendors" initiative. The rank was based on
    a comprehensive survey and analysis of 872 outsourcing vendors in 63
    countries conducted by Brown-Wilson Group, a not-for-profit
    outsourcing management consulting firm, the author of "The Black Book
    of Outsourcing".

    Following its inclusion in "50 Best Managed Outsourcing Vendors",
    EPAM has been selected the best-of-breed software engineering services
    provider in the sub-lists of "Top 10 ITO Offshore: Eastern/Central
    Europe" and "Top 10 ITO: Portals & Enterprise Content Management". In
    addition, the company has been listed in such categories as "Top 10
    ITO: Specialty Application Development" and "Top 10 ITO: Data
    Warehousing, Data Mining & Business Intelligence" outranking a number
    of IT and offshore software development stalwarts globally.

    "We were impressed with the outcome of the survey that had yielded
    remarkable responses helping to screen the 50 global top performing
    outsourcing vendors, with the alignment of forces sometimes
    significantly differing from that of the mainstream," said Doug Brown,
    the co-author of "The Black Book of Outsourcing". "The notable fact is
    that we stayed completely unbiased and only had to tally the
    satisfaction ratings. EPAM's clients had stated their choice by rating
    the company so highly. The admirable position within a number of
    sub-categories of the "Top 50 Best Managed Outsourcing Vendors"
    testifies to the company's outstanding capability to deliver offshore
    software development services and solutions to the client's best
    satisfaction. Congratulations!"

    "Responsiveness to customer needs and focus on providing premier
    offshore software development services are among the main priorities
    that drive our company's performance," commented Arkadiy Dobkin, EPAM
    CEO and President on EPAM's success. "We are extremely grateful to our
    clients and partners, who have shown trust in EPAM and afforded us the
    unique opportunity to be of service and value to them".

    About Brown-Wilson Group

    The Brown & Wilson Group has established the reputation of being
    the world's leading offshoring advisory, and the producer of the
    trusted annual ranking of the Top 50 "Best Managed" Global Outsourcing
    Vendors.

    The Black Book of Outsourcing 2006 survey was distributed
    electronically to customers, employees, buyers, contractors and users
    worldwide. The respondents answered 26 questions on leadership impact,
    influence, management performance, client satisfaction, employee
    satisfaction and organizational excellence amongst IT outsourcing and
    BPO companies. Additionally, the surveyed expressed their views on
    innovation, growth, internal management practices and global results.

    www.brown-wilson.com

    www.theblackbookofoutsourcing.com

    About EPAM Systems

    EPAM Systems is independently recognized as a global service
    provider that demonstrates leadership, innovation and outstanding
    performance in software development outsourcing. Founded in 1993, EPAM
    leads in software outsourcing technical excellence, quality assurance
    and proven experience of delivering leading edge software services for
    clients globally. The company's offshore software development centers
    located across Russia, Hungary, Belarus, and Ukraine work in synergy
    with the client facing support and delivery operations in US, UK and
    Germany.

    EPAM's customer base includes industry leaders such as Reuters,
    London Stock Exchange, Colgate-Palmolive, British Telecom, William
    Hill, Empire and CareFirst BlueCross BlueShield, Schlumberger and
    Halliburton and technology leaders such as SAP, BEA Systems, Microsoft
    and Hyperion.

    http://www.epam.com