Press Release: January 31, 2013

Newtown, PA-January 31, 2013-EPAM (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, has announced that it has been recognized by a global community of cloud experts at the UP Cloud Conference in San Francisco in December 2012 conducted by Cloudcor®. EPAM was the recipient of  two awards: Best Cloud System Integrator 2012 and Best Mobile Solution 2012.

EPAM Systems was represented in San Francisco by Eli Feldman, Cloud Competency Center head, and Yevgeniy Galper, the leader of Mobile Competency Center, who have introduced EPAM's cloud offerings focusing on mobile solutions and system integrator capabilities.

"We appreciate that Cloudcor and its community of experts recognizes EPAM as the Best Cloud System Integrator 2012," says Eli Feldman, VP of Cloud Solutions and Services at EPAM Systems. "EPAM engineers began creating SaaS solutions over a decade ago, before Cloud and SaaS became popular terms. Over the years we have accumulated expertise in private, public and hybrid deployment models as well as in most popular cloud platforms and related technologies. We have created repeatable processes and accelerators to "cloudify" applications that have not been designed for the cloud and designed blueprints and tools to continuously deliver greenfield cloud applications. During the recent years we have delivered dozens of mission critical cloud solutions for our enterprise clients in industries like Banking & Financial Services, Business Information & Media, Travel and Retail & CPG. Additionally, we continue helping our ISV & Technology clients to innovate and bring new cloud products to market and supporting and enhancing their SaaS offerings."
"We are delighted that our solutions are recognized in the evolving segment of cloud computing", says Yevgeniy Galper, Director of Technology Solutions. "EPAM was awarded  Best Mobile Solution 2012 for our Cloud-based Continuous Delivery solution for mobile applications, a platform we designed and developed both for our own and our clients' use.  This solution combines Continuous Integration for mobile projects with the distribution of application builds through the In-house App Store. It also enables us to quickly set up state-of-the-art build and deploy procedures for new mobile projects and reduces overall time to develop and test for applications. EPAM develops hundreds of mobile apps and having a solution that leverages  distributed teams and improves development lifecycle creates competitive advantage for EPAM and adds value for our clients."

The UP-START Cloud Awards were founded in 2010 by the world's largest cloud association to recognize extraordinary achievements in cloud industry, covering 22 nominations.

For more information, please visit http://up-con.com/cloud-awards.

About Cloudcor® and UP Conference

UP conference series, produced by Cloudcor Inc® is one of the worlds largest independent cloud computing conferences, now in its forth year and which is delivered virtually to a global audience of 20,000+ business decision makers via the Internet. UP'12 encompasses a tried and tested hybrid format event, which last year attracted a global audience in excess of 10,000 senior business decision makers.

For more information about UP, please visit http://www.up-con.com.

About EPAM Systems

Established in 1993, EPAM Systems (NYSE: EPAM) provides complex software engineering solutions through its award-winning Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs over 8,100 IT professionals and serves clients worldwide from its locations in the United States, Canada, UK, Switzerland, Germany, Sweden, Belarus, Hungary, Russia, Ukraine, Kazakhstan, and Poland.

EPAM is recognized among the top companies in IAOP's "The 2012 Global Outsourcing 100," featuring EPAM in a variety of sub-lists, including "Leaders-Companies in Eastern Europe." The company is also ranked among the best global service providers on "The 2012 Global Services 100" by Global Services Magazine and Neogroup, which names EPAM  "Leaders-Global Product Development" category.
For more information, please visit www.epam.com.

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.

 
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