Released on: February 13, 2008, 8:56 am

Press Release Author: EPAM Systems

Industry: Software

Press Release Summary: EPAM wins its third European ITO Leader title and makes to
the world's Top 10 "Best Performing IT Services Providers" on the 2008 Global
Services 100

Press Release Body: Lawrenceville, NJ - February 11, 2008 - EPAM Systems, Inc., the
leading global software engineering outsourcing provider with development centers in
Central and Eastern Europe, announced today that it has reconfirmed its status as
the foremost IT outsourcing vendor in Europe. The company has been awarded the # 1
position in the "Emerging European Markets" category of the 2008 Global Services 100
ranking. EPAM is also the first and the sole software engineering services provider
with development locations in Central and Eastern Europe named among the global Top
10 \"Best Performing IT Services Providers\", rated 8th overall.

EPAM has been featured in the annual Global Services 100 ranking since its inception
in 2005 and three times was named # 1 among companies from Central and Eastern
Europe proving its continued leadership.

The 2008 Global Services 100 is a compilation of the world's most innovative service
providers, selected on the basis of a research study conducted by Global Services
Media and outsourcing analysts at neoIT. The study is designed to identify aspects
of the companies\' achievement in four key areas: finance, operations, clients and
people. Over its 4-year history, this initiative has earned a reputation of a
trusted source of global outsourcing information for ITO buyers which reveals the
leading providers of business and technology services short-listed in 10 key
service-delivery areas. The rating winners will receive awards at a special ceremony
at the Global Services Conference in New York City on March 12, 2008.

EPAM CEO and President Arkadiy Dobkin commented: "We are very proud of being named
this year not just the leading European vendor but also one of the top 10 best
performing IT services providers globally. This recognition confirms the definitive
acceptance of Eastern European vendors to the elite group of ITO industry leaders
based on the demonstrated delivery capabilities, depth of the engineering talent and
client satisfaction."

About Global Services
Global Services is a media platform with a portfolio that includes a magazine,
website, events, newsletter and customized solutions. Our audience consists of
corporate professionals engaged in the sourcing and management of business and
technology services. Global Services is owned by CyberMedia (India) Limited.
www.globalservicesmedia.com

About neoIT
neoIT is a management consulting firm that helps leading corporations improve and
grow their business by capitalizing on services globalizationsm. Through a blend of
strategic advisory services and hands-on execution support, neoIT provides advice
and management expertise on the globalization of Information Technology (IT) and
Business Process Outsourcing (BPO) services. For more information, visit
www.neoIT.com.

About EPAM Systems
New-Jersey based EPAM Systems is independently recognized as a leading global
provider of software development outsourcing services. With offshore software
development centers in Russia, Hungary, Belarus, and Ukraine, EPAM offers the
largest resource pool in Central/Eastern Europe and Russia combined with the
strongest onsite management and delivery capabilities in North America and Europe.

In \"The 2007 Global Outsourcing 100\" EPAM was rated the top Central/Eastern European
and Russian ITO service provider and was the only CEE/Russian IT outsourcer included
in the Leaders category. EPAM is also the sole CEE/Russian IT outsourcing company
listed on \"The 2007 Top 50 Best Managed Outsourcing Vendors\".

EPAM\'s customer base includes industry leaders such as Reuters, London Stock
Exchange, Colgate-Palmolive, British Telecom, CareFirst BlueCross BlueShield,
Schlumberger and Halliburton, and technology leaders such as SAP, Microsoft, and
Oracle.
www.epam.com

Web Site: http://www.epam.com

Contact Details: Alena Busko
Marketing Manager
EPAM Systems
Email: press@epam.com