EPAM Systems, Inc. (NYSE:EPAM), a global software engineering and IT Outsourcing (ITO) provider with development centers across Central and Eastern Europe (CEE), today announced it has been ranked #37 on The 2012 Global Outsourcing 100® list. This ranking is held annually by the International Association of Outsourcing Professionals® (IAOP) to reveal the world’s best outsourcing service providers and advisors.

EPAM has also been recognized in seven IAOP’s Sub Lists: Best 20 Leaders in Technology (Hardware and Software); Best 10 Leaders in Entertainment & Media; Best 20 Leaders in Information/Communication Technology Services; Top List Climbers Year to Year; Best Leaders in Revenue Growth; Best 10 Companies in Eastern Europe; Best 10 with Employees in Eastern Europe.

“We appreciate that IAOP recognizes EPAM among the top service providers for seven years running,” says Arkadiy Dobkin, EPAM Systems CEO and President. “As the company expands its global presence, our main priorities stay the same – commitment to being a trusted technology partner who understands the business value of implementing the innovative technologies for its customers.”

IAOP is the global, standard-setting organization for the outsourcing professionals. It has more than 120,000 members and affiliates worldwide and provides a benchmark for identifying the best service providers across the globe. Selection to the 2012 Global Outsourcing 100® means that the company continuously demonstrates excellence in customer references, global presence, recognitions, certifications, size and growth, employee management, and executive leadership.

The ranking is based on applications received and evaluated by an independent judging panel organized by IAOP. The 2012 panel included experts from the world’s leading companies and educational institutions: Kodak, University of Pittsburgh, Liberty Mutual Agency Corporation, Thomson Reuters, Vodafone, and Arizona State University.

About The Global Outsourcing 100

The Global Outsourcing 100 and its sub-lists are essential references for companies seeking new and expanded relationships with the best companies in the industry. The lists include companies from around the world that provide the full spectrum of outsourcing services – not just information technology and business process outsourcing, but also facility services, real estate and capital asset management, manufacturing and logistics. They include not only today’s leaders, but tomorrow’s rising stars.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) is a leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 7,300 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 2011 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.