EPAM Named Leader in Digital Platform Engineering Services by Independent Research Firm

NEWTOWN, Pa., April 22, 2016 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, today announced it has been named the leader in Digital Platform Engineering Services in the report "The Forrester Wave(TM): Digital Platform Engineering Services, Q2 2016." EPAM was the only leader named in the report. "The company exhibited the strongest grasp and execution of DPES [digital platform engineering services] of all the vendors evaluated in this report. Customers consistently cited EPAM as a strategic partner in business-critical digital transformation projects. The firm provides full life-cycle capabilities from business strategy ideation and consulting through actual implementation and management," according to the report.

"With businesses operating in a constant state of disruption, clients want a partner that can help them build the next generation of externally focused systems to better serve and engage customers. The evolution in the industry-focus from Product Development Services (PDS) to Digital Platform Engineering Services (DPES) is not new to EPAM; we have the ability to connect the dots across the business to deliver the most effective results with a focus on innovation and quality," said Arkadiy Dobkin, EPAM CEO & President. "This digital orchestrator model merges all aspects of a traditional service provider with a consultancy and interactive agency, making the overall market for EPAM much broader and requiring that we bring hybrid skills to our clients."

The Forrester report defines digital platforms as the new generation systems - like digital experience and the internet of things (IoT) - that drive customer experience and differentiation. The key takeaways noted in the report are the continued growth of the DPES market as more businesses see digital platforms, like IoT and digital experience, as a way to address rising customer expectations and the need for traditional providers to deliver end-to-end services that encompass consulting, project management, digital engagement and innovative software development.

"The term 'digital orchestrator' is the best way for us to articulate the value that we offer," continued Dobkin. "Orchestration is the ability to combine core product development and integration capabilities with the added skills of design thinking, experience strategy and business consulting. It's about taking ownership across the entire product and platform development life cycle."

The Forrester report, based on a 15-criteria evaluation of platform engineering services, includes the seven most significant service providers in the category. The report details findings about each vendor's ability to satisfy Forrester's criteria, which assists business leaders in selecting the right platform engineering services partner.

A complimentary copy of the "The Forrester Wave(TM): Digital Platform Engineering Services, Q2 2016." is available for download here.

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 inAmerica's Best Small Companies lists by Forbes Magazine.

For more information, please visit http://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.

CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz@epam.com