EPAM Recognized as a Strong Performer in B2B Global Commerce Service Providers Report by Leading Independent Research Firm

Newtown, PA - March 4, 2015 - EPAM (NYSE:EPAM) has been included as a strong performer in "The Forrester Wave(TM): B2B Global Commerce Service Providers, Q1 2015" report. EPAM was included among the top 11 vendors that Forrester evaluated for this report. The 77 evaluation criteria included scores for current offering, strategy and market presence.  

According to the Forrester report, Strong Performers, including EPAM "have an opportunity to break through in the next few years and challenge Leader Global Commerce Service Providers by doing B2B digital transformation work that goes beyond either mostly technology transformation or customer experience work. The report also states that "EPAM excels at product and project management, system design and architecture, and testing services. EPAM's clients spoke at length about the firm's commitment to partnership, repeatedly mentioning its reliability and technical competence."  

"EPAM's in-depth industry expertise in Financial Services, Retail and Distribution, Travel and Hospitality, Media and Entertainment and Healthcare and Life Sciences, combined with world-renowned technology leadership allows us to address our clients' challenges by delivering integrated business and technology solutions", said Arkadiy Dobkin, EPAM CEO and President. Mr. Dobkin continued, "Being named a strong performer in this evaluation, as well as the inclusion as a primary agile services player in the December, 2014 Forrester report: "Market Overview: Agile Development Service Providers", validates, in our opinion, our unique approach to our commerce go-to-market strategy and underscores our 20-year commitment to the highest standards of product and solution engineering."

Following acquisitions of Empathy Lab in 2012 and Great Fridays in 2014, EPAM's core capabilities in product development have been extended to include a robust set of digital and design services. This integration has created an opportunity to bring an enhanced value proposition to customers in the B2B sphere and provides a level of partnership with customers that clearly stands out as a key strength in the report.

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 19 countries across North America, Europe, Asia and Australia. EPAM was ranked #6 in 2013 America's 25 Fastest-Growing Tech Companies and #3 in 2014 America's Best Small Companies lists by Forbes Magazine.

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.

Investor Relations:

EPAM Systems, Inc.
Anthony J. Conte, Chief Financial Officer
Phone: +1-267-759-9000 x64588
Fax: +1-267-759-8989
E-mail: investor_relations@epam.com