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January 9, 2014

Newtown, PA - January 9, 2014 - EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, has been ranked as one of the "star performers" in the 2013 ITO in Capital Markets Service Provider Landscape and PEAK Report by Everest Group.

Everest Group, a global management consulting company and one of the leading advisors of global services, assessed 20 leading application outsourcing (AO) service providers in the Capital Markets industry, mapping them on its Performance | Experience | Ability | Knowledge (PEAK) Matrix. For the second straight year, EPAM is ranked as a "star performer" showing the Company's strong advancement in terms of both market success and capabilities.  

"This recognition from Everest validates the investments EPAM has made in its Capital Markets capabilities in the past 5 years," says Balazs Fejes, Global Head of Banking and Financial Services Industry Business Unit, EPAM Systems. "By retaining its star performer status, EPAM illustrates why blue chip customers such as Barclays and UBS continue to put their confidence in us."  

EPAM provides a full range of services for investment, retail, private, corporate banking and wealth management banks, asset managers, financial services technology and software providers, exchanges, and brokerages. With over 2,800 professionals, EPAM has one of the largest Banking & Financial Services business unit in Central and Eastern Europe and runs dedicated Capital Markets and Market Data Competency Centers focused on ongoing staff training and R&D.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) provides software engineering solutions through its leading Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs approximately 9,000 IT professionals and serves clients worldwide from its locations in the United States, Canada, UK, Switzerland, Germany, Sweden, Netherlands, Singapore, Belarus, Hungary, Russia, Ukraine, Kazakhstan and Poland.

EPAM is ranked #2 on the 2013 Forbes list of America's Best Small Companies: 20 Fast-Growing Tech Stars and is recognized among the leaders in software product development services by Forrester and Zinnov analysts. The company is also included in the top 30 in IAOP's "The 2013 Global Outsourcing 100" list.

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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.