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June 10, 2010

Newtown, PA — June 10, 2010 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider in Central and Eastern Europe (CEE), announced today that it has been selected as a Preferred Supplier of the Bosch Group, an award in recognition and appreciation of EPAM's outstanding performance in custom software development and application support during the last 3 years.

EPAM has been a development partner to the Bosch Group since 2007, successfully delivering several critical software development projects, the latest achievement being a custom Supplier Relationship Management (SRM) system that replaced multiple legacy applications underpinning the business dealings with tens of thousands of global suppliers and also provides sophisticated SRM specific BI features to Bosch's executive leadership. The solution was developed and is continually enhanced and supported by EPAM's engineering teams led by business analysts and engagement management from EPAM Germany, together with engineering teams in Belarus and Russia that provide a balance of domain and process knowledge with technology and quality management skills.

"Any client award or recognition is an honor for the whole staff of EPAM. In this case, given the well-known, stringent levels of excellence and quality that the Bosch Group demands globally in all forms of engineering including software, our teams should be exceedingly proud to be recognized in the upper echelons of Bosch's supplier eco-system with this Preferred Supplier status," commented Karl Robb, President EU Operations, EVP EPAM Group. "EPAM's unmatched technology skills, extensive domain knowledge and excellence in distributed delivery of complex software solutions has resulted in a robust, flexible, high throughout, high-availability application that provides our client with significant process optimization and a competitive business edge."

About the Bosch Group

The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of 38.2 billion euros in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for growth. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. 

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About EPAM Systems

Established in 1993, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with development centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 5,000 professionals and provides services to clients worldwide utilizing a global delivery model through its client facing and delivery operations in North America, UK, Germany, Switzerland, Sweden, Russia, Belarus, Hungary, Ukraine, and Kazakhstan. 

EPAM's core competencies include complex software product engineering for leading global software and technology vendors, as well as development, testing, maintenance, and support of mission critical business applications and vertically oriented IT consulting services for global Fortune 2000 corporations.

EPAM is recognized among the top companies in IAOP's "The 2010 Global Outsourcing 100" and in "The 2009 Global Services 100" by Global Services Magazine and neoIT. The company is the only CEE's IT services vendor included in the global "Top 10 Best Performers: IT Services" and also ranked 2nd among the world's "Top 10 Best Performers: Outsourced Product Development" according to the magazine's 2009 rating.

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