EPAM Recognized by Leading Independent Research Firm as a Primary Agile Services Player

Newtown, PA - January 7, 2015 - EPAM (NYSE:EPAM), a leading provider of product development and software engineering solutions, today announced that Forrester named EPAM as one of the Primary Agile Services Players in the December 'Market Overview: Agile Development Service Providers' report which surveyed 17 vendor and user companies.

According to Forrester, the current need for more agility in the business world demands personnel to increase development speed and achieve greater business alignment resulting in a faster time to market. Forrester states that 'EPAM leverages its engineering Agile training, services capabilities, and accelerators of its product development practices to expand its Agile capabilities in the IT industry'.

"EPAM's full range of Agile capabilities and pragmatic Agile approach are key to meet our clients' needs. Offering a large percentage of nearshore Agile experts together with our highly skilled and cross functional offshore delivery teams ensures close collaboration with our customers. We also continue to invest in advanced tooling, hands-on training and coaching to further engage our employees and customers to improve delivery effectiveness," said Gino Marckx, Director, EPAM Agile Practice.

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

Media Contact:

EPAM Systems, Inc.
Jennifer Reese, Manager, Public Relations
Phone: +1-267-759-9000 x59345
E-mail: Jennifer_Reese@epam.com