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April 26, 2016

NEWTOWN, Pa., April 26, 2016 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of product development and software engineering solutions, today announced that, for the second time, it has been ranked on the Forbes’ list of Fastest Growing Public Tech Companies. EPAM’s ability to offer the best end-to-end digital transformation solutions to its clients has attributed to its steady growth. Industry analysts have also recognized the company as the leader in digital platform engineering services.

“We are pleased to be included, for the second time, on Forbes’ list of Fastest Growing Public Tech Companies, along with such exceptional names as Facebook, Amazon, PayPal, Cognizant, Red Hat, and Alphabet,” said Arkadiy Dobkin, CEO and President of EPAM. “Our ability to sustain growth is directly attributed to the focused investments we’ve made by evolving our traditional strengths in software product engineering into the core of our end-to-end digital services. By working collaboratively with our clients and building global hybrid teams, we are able to deliver real business results to an increasingly demanding marketplace.”

Forbes annual Fast Tech 25 List assesses companies with superior growth (both past and projected) combined with a solid earnings-quality score from Value Line. Companies are then ranked by trailing three years of revenue growth.

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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 25 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.

Danielle Ruess-Saltz
M: 267.978.7688

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