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July 13, 2015

NEWTOWN, Pa., July 13, 2015 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, announced today its acquisition of NavigationArts, a digital strategy and experience design firm. The acquisition will enhance EPAM's ability to provide digital consulting, architecture and content solutions to customers in North America and beyond.

Headquartered in McLean, VA, NavigationArts combines business and customer experience consulting with a strong content management systems practice to lead digital initiatives for marquee clients including Ernst & Young, Marriot International, General Dynamics, Time Warner Cable and Mary Kay Inc. With locations in New York, Boston and Philadelphia, NavigationArts has a strong northeast regional presence.

"Experience platforms have become the backbone of our customers' multi-channel engagement strategies" said Arkadiy Dobkin, EPAM CEO and President. "The expertise of NavigationArts in architecting and deploying Adobe, Sitecore and Drupal-based solutions, combined with their proven ability to act as a strategic advisor to Fortune 500 clients, makes them an exciting addition to our fast-growing Digital Engagement practice."

"While NavigationArts has been very successful helping our clients transform in the face of digital disruption," commented Leo Mullen, CEO and co-founder of NavigationArts, "we always knew we could provide more value if we were part of a larger entity. Joining EPAM allows us to offer a much broader array of services and solve even more complex and technically sophisticated challenges that face our clients."

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

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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
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