11-15-2007 04:41 PM CET - IT, New Media & Software
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EPAM Systems named Private Company of the Year

Press release from: EPAM Systems
Lawrenceville, NJ — November 15, 2007 — EPAM Systems, Inc., the leading global offshore software engineering outsourcing provider with development centers in Central and Eastern Europe, has been named Private Company of the Year by the New Jersey Technology Council (NJTC), a non-profit membership organization that provides networking opportunities to the state's technology businesses.

EPAM was selected winner in the category of NJTC Super Awards having excelled by such criteria as market leadership, unique product/service provision and strong financial performance.

The winners will be honored at the NJTC Awards Gala on November 15, 2007, an annual black-tie event that attracts over 500 attendees. The NJTC Awards was founded in 1996 to publicly recognize and celebrate some of the most successful companies in the New Jersey technology community.

In 2007 EPAM's entrepreneurial success and market leadership have been acknowledged by a number of other reputable NJ region's industry associations and media. In addition to being named the NJTC Private Company of the Year, EPAM has been named to such prestigious lists as New Jersey's Finest (by NJBIZ), Technology Fast 50 for New Jersey (by Deloitte), and Philadelphia 100 (by Entrepreneurs' Forum of Greater Philadelphia, Philadelphia Business Journal, Wharton SBDC). Arkadiy Dobkin, EPAM’s Founder and CEO was also selected a finalist in the regional Ernst & Young Entrepreneur of the Year 2007 awards program.

"Being recognized by the New Jersey Technology Council is an honor for us," noted Arkadiy Dobkin, EPAM CEO and President. "We are pleased that our initial business concept from 1993 which was to leverage Central and Eastern Europe's talented engineering resource pool for implementing complex and sophisticated software solutions for the North American and European clients, has proved worthwhile. EPAM will continue utilizing CEE's outstanding potential in producing highly-skilled IT manpower to meet the expectations of top quality, innovation, deep expertise and engineering creativity posed by our customers in and beyond the U.S. borders."

About the New Jersey Technology Council

The New Jersey Technology Council provides business support, networking opportunities, information, advocacy and recognition of technology companies and their leaders. Founded in 1996, NJTC's more than 1,200 member companies work together to support their own enterprises while advancing New Jersey's status as a leading technology center in the United States.
www.njtc.org

EPAM Systems
Princeton Pike Corporate Center
989 Lenox Dr., Suite 305
Lawrenceville, NJ 08648
Phone: +1-609-844-0400
Fax: +1-609-844-0415

New-Jersey based EPAM Systems is independently recognized as a leading global provider of software development outsourcing services. With offshore software development centers in Russia, Hungary, Belarus, and Ukraine, EPAM offers the largest resource pool in Central/Eastern Europe and Russia combined with the strongest onsite management and delivery capabilities in North America and Europe.

In "The 2007 Global Outsourcing 100" EPAM was rated the top Central/Eastern European and Russian ITO service provider and was the only CEE/Russian IT outsourcer included in the Leaders category. EPAM is also the sole CEE/Russian IT outsourcing company listed on "The 2007 Top 50 Best Managed Outsourcing Vendors".

EPAM's customer base includes industry leaders such as Reuters, London Stock Exchange, Colgate-Palmolive, British Telecom, William Hill, Empire and CareFirst BlueCross BlueShield, Schlumberger and Halliburton and technology leaders such as SAP, BEA Systems, Microsoft, and Oracle/Hyperion.
www.epam.com

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