2005
for EPAM: The year of continued growth, business success and industry recognition
Princeton, NJ - January 19, 2006 - EPAM Systems, the leading provider of outsourced
software engineering services with development centers in Central and Eastern Europe,
has confirmed today that 2005 was an impressively successful year for the company.
19 January 2006
EPAM's continued growth, business success and industry recognition attained in 2005
have empowered the company to reinforce its position of No.1 software services outsourcing
company with development centers in Central and Eastern Europe. The highlights of
the year in review include:
- EPAM was named #1 of "Top 5 To Watch in Central and Eastern Europe" and
#3 of "Top 10 Specialty Application Development Leaders" by CMP's Managing
Offshore and offshore outsourcing advisory expert neoIT in the Offshore 100 listing
of top global outsourcing suppliers (http://www.epam.com/aboutus-pr-01182005.htm).
- For the second consecutive year EPAM was named to Software 500 and was spotlighted
as the second fastest growing company in the $30 million to $100 million revenue
range (feature
article of Software Magazine).
- For the fourth year in a row EPAM was named to Deloitte's Technology Fast 500 program
as one of the fastest growing technology companies in North America.
- EPAM also was ranked #31 in Inc 500, a list of the 500 fastest growing private companies
in the US, and was spotlighted as the 2nd fastest growing company in the IT Services
subcategory of the prestigious Inc 500 rating.
- EPAM grew geographically by launching new offices in St.Petersburg and Samara, Russia
and in Kiev, Ukraine and expanding its presence in the UK.
Arkadiy Dobkin, EPAM CEO, said: "The encouraging growth and performance results
of the company in 2005 create healthy potential for new accomplishments in the year
2006. We hope to further capitalize on the increasing attractiveness of the Eastern
European region as an IT outsourcing destination and on our proven capability to
deliver excellence in software engineering".
About EPAM Systems
EPAM Systems is a leading provider of software development outsourcing services.
In January 2005 EPAM was named
No.1 of "Top 5 to Watch in Central and Eastern Europe"
and No.3 of "Top 10 Specialty Application Development Leaders" on the
global Offshore 100 list by neoIT and CMP's Managing Offshore. Established in 1993
in Princeton, New Jersey, EPAM Systems has technology development centers in Russia,
Belarus, Ukraine and Hungary. EPAM delivers complex business and technology solutions
using a delivery model that combines onsite presence (in US and EU) with Eastern
European offshore and nearshore services.
EPAM's customer base includes Reuters, Samsung America, Colgate-Palmolive, Empire
and CareFirst BlueCross BlueShield, London Stock Exchange, Halliburton, and British
Telecom, among others. In the technology world, EPAM provides services to firms
such as SAP, Hyperion, BEA Systems, Microsoft and many others.
www.epam.com
For further information, please contact: press@epam.com
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