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September 13, 2012

Newtown, PA - September 13, 2012 - EPAM Systems (NYSE: EPAM), a leading software engineering and IT Outsourcing (ITO) provider with development centers across Central and Eastern Europe (CEE), announced yesterday at Finovate Fall a partnership with Thomson Reuters to develop and host an App Store solution enabling an access to the latest innovative capabilities and tools around financial data for use across the digital enterprise. Finovate is a two-day showcase of the best new innovations in financial and banking technology industry.

Thomson Reuters App Store solution will enable financial institutions and 3rd party developers to effortlessly create pioneering market monitoring and investing apps by seamlessly integrating the combination of Thomson Reuters' content assets with a firm's customer account data and other data sources. It will help institutions leverage the providers of financial insight to deliver a differentiated experience for their customers while lowering both development costs and time to market.  

Thomson Reuters' content assets will be key elements of the App Store infrastructure while EPAM Systems will provide technology, hosting and operational infrastructure for the App Store. 3rd party application and content providers will be welcome to participate and add value and capabilities to the App Store.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) is a leading global software engineering and IT consulting provider with software development centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 7,700 IT professionals and provides services to clients worldwide using a global delivery model through its client facing and delivery operations in the United States, Belarus, Hungary, Russia, Ukraine, UK, Germany, Kazakhstan, Sweden, Switzerland, Poland, and Canada.

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 Forbes Global 2000 corporations.

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 - Technology (Hardware & Software)" and "Leaders - Entertainment & Media". The company is also ranked among the best global service providers on "The 2012 Global Services 100" by Global Services Magazine and NeoAdvisory, which includes EPAM in the list of the world's "Top Outsourced Product Engineering Vendors" for the 3rd year running.

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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.