EPAM Becomes The Fastest Rising Company in the Canadian CDN Top 100 Award History

Newtown, PA - April 23, 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, was named the rising star on the CDN Top 100 Solution Providers 2013 list. Since 2012, EPAM has moved up 52 places on the list, qualifying as the fastest riser in the award history.

Organized by IT World Canada and CDN, the premier digital news source for the Canadian technology channel, this annual ranking recognizes excellence and leadership of Canadian IT services providers. EPAM Systems expanded its regional footprint in 2012 through the acquisition of Thoughtcorp, a Toronto-based IT consultancy and software solution provider. With expanded offerings and the introduction of a global delivery model, EPAM Canada has tripled its business over the past two years, and moved up the ranks as one the country's most respected software engineering companies.

"This award and our growth reflects the fact that clients in Financial Services, Retail, Media, and HiTech increasingly look for providers able to provide complex software engineering services," says Kirk Robinson, VP, General Manager Canadian Operations, EPAM Systems. "EPAM has been providing these services for over 20 years, and with the investments in Canada and dedication of our local team, is proving our ability to deliver innovative solutions for the most demanding clients."

The CDN award ceremony took place in Woodbridge, ON, on April 9, 2014. For the full list of the Top 100 Solution Providers, please click here.

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 IT 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.

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.