Newtown, PA — September 2, 2009 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider in Central and Eastern Europe (CEE), has been recognized with yet another global award, demonstrating both its excellence in global service delivery as well as its regional leadership. Selected as one of “Top 50 Best Managed Outsourcing Vendors” on the widely referenced 2009 Global ITO firms ranking from Brown-Wilson Group, EPAM is the only Central and Eastern European service provider on this year’s list.

The 50 Best Managed global outsourcing vendors are identified annually through “The Black Book of Outsourcing” by surveying actual service users, polling client experience, and assessing industry developments.

EPAM’s inclusion into the 2009 list follows its recent success on The Black Book’s vendor rankings where it earned the top honor globally as the #1 Software Product Development and Engineering company.

EPAM’s long-term success, which draws on over 40 million hours of relevant software development experience, has been attributed to the unique combination of top engineering talent from Central and Eastern Europe, a set of comprehensive distributed project management tools and world class product development methodologies, relentless attention to quality and project performance, and adherence to the strictest security and infrastructure standards.

“Awards based on independent unbiased customers’ feedback are the most satisfying and most valuable for EPAM. It is a clear demonstration of the high level of satisfaction from their outsourcing partnership and the results we deliver. Today more than ever, performance and dependability of ITO service providers are among the key pillars for maintaining the overall competitiveness of their business,” noted Arkadiy Dobkin, EPAM’s President and CEO. “I want to express our deepest gratitude to all who have contributed to the company’s ongoing success”.

About Brown-Wilson Group

The Brown & Wilson Group has established the reputation of being the world’s leading offshoring advisory, and the producer of the trusted annual ranking of the Top 50 “Best Managed” Global Outsourcing Vendors.

The survey was conducted by Black Book Research, a division of Brown-Wilson Group, co-authors of “The Black Book of Outsourcing”, based on the interviews of 3010 executives, 448 ballots from outsourcing users, and analysis of 125 offshore locations selected based on locally employed industry employee counts. Among the host of findings revealed by the survey is the leading position of the Russian and Eastern European vendors over the Indian and other offshore providers in the software product development outsourcing niche industry.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. is the leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe (CEE). Headquartered in the United States, EPAM provides services to clients worldwide utilizing a global delivery model through its client facing operations in North America, UK, Germany, and Sweden, together with 4,000+ professionals deployed across delivery centers in Russia, Belarus, Hungary, Kazakhstan, and Ukraine.

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 2009 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 the 2nd among the world’s “Top 10 Best Performers: Outsourced Product Development” according to the magazine’s 2009 rating.