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    <title>EPAM - Press Releases</title>
    <link>http://www.epam.com/press-releases-2010.aspx</link>
    <description>EPAM Systems, the #1 software engineering outsourcing services company in Central and Eastern Europe, provides full-cycle software development, testing, maintenance &amp; support services, as well as vertically oriented IT consulting services to forward-thinking companies and government organizations in over 30 countries worldwide. Founded in 1993, EPAM maintains North American headquarters in Newtown, PA, and European headquarters in Budapest, Hungary. EPAM offshore/nearshore software development centers are located in  Russia, Hungary, Belarus, and Ukraine.</description>
    <language>en-US</language>
    <copyright>Copyright 2010 EPAM Systems</copyright>
    <pubDate>2010-11-14T17:00:00.0000000+01:00</pubDate>
    <ttl>60</ttl>
    <image>
      <url>http://www.epam.com/images/logo.gif</url>
      <title>EPAM - Press Releases</title>
      <link>http://www.epam.com/press-releases-2010.aspx</link>
      <width>162</width>
      <height>65</height>
    </image>
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      <title>EPAM Systems improves position on VAR500 list of North America's Top 500 Technology Integrators</title>
      <description>Newtown, PA — July 6, 2010 — EPAM Systems, Inc., the <a href="software-development-services-summary.htm">leading software engineering and IT Outsourcing (ITO)</a> provider in Central and Eastern Europe (CEE), has been recognized as one of North America's top technology integrators by Everything Channel. Named to the prestigious annual VAR500 list, that includes IT consultants, solution providers, traditional resellers, and vendor services arms, EPAM placed #213 climbing from the 235th spot earned in 2009.</description>
      <link>http://www.epam.com/aboutus-pr-07062010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-07-06T18:00:00.0000000+01:00</pubDate>
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      <title>Barclays Capital to build global technology facility in Kyiv to create Ukraine's largest and most secure technology centre</title>
      <description>June 11, 2010 — Barclays Capital, the investment banking division of Barclays Bank PLC, announced today it has chosen Kyiv as the location for its third global technology centre, adding to those already established in Singapore and Prague. EPAM Systems, the largest and most experience software engineering services provider in Eastern Europe, has been selected as the partner to build and operate Ukraine's most advanced and secure IT facility, with a team of up to 500 IT professionals in Kyiv by the end of 2012.</description>
      <link>http://www.epam.com/aboutus-pr-06112010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-06-11T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Receives Preferred Supplier Status from Bosch Group</title>
      <description>Newtown, PA — June 10, 2010 — EPAM Systems, Inc., the &lt;a href="http://www.epam.com/software-development-services-summary.htm"&gt;leading software engineering and IT Outsourcing (ITO)&lt;/a&gt; provider in Central and Eastern Europe (CEE), announced today that it has been selected as a Preferred Supplier of the Bosch Group, an award in recognition and appreciation of EPAM's outstanding   performance in custom software development and  application support during the last 3 years.</description>
      <link>http://www.epam.com/aboutus-pr-06102010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-06-10T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM's leadership of Central &amp; Eastern European software services sector reconfirmed by IAOP's 2010 Global Outsourcing 100 ranking</title>
      <description>Newtown, PA — May 4, 2010 — EPAM Systems, Inc., the &lt;a href="http://www.epam.com/software-development-services-summary.htm"&gt;leading software engineering and IT Outsourcing (ITO)&lt;/a&gt; provider in Central and Eastern Europe (CEE), has been selected once again by the International Association of Outsourcing Professionals (IAOP) to the list of the world's best outsourcing service providers — The Global Outsourcing 100. EPAM's fifth consecutive inclusion in the ranking, as the highest rated Central &amp; Eastern European provider, reaffirms EPAM's regional leadership as well as global competitiveness. Further testimony to EPAM's growing global recognition comes from its inclusion in additional sub-list rankings, such as "Best 10 Leaders in Revenue Growth" and "Best 10 Leaders by Industry Focus — Entertainment &amp; Media".</description>
      <link>http://www.epam.com/aboutus-pr-05042010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-05-04T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems extends regional lead in security adding ISO/IEC 27001:2005 standard certification to its existing SAS 70 Type II certification</title>
      <description>Newtown, PA — April 15, 2010 — &lt;a href="http://www.epam.com"&gt;EPAM Systems, Inc.&lt;/a&gt;, the leading &lt;a href="software-development-services-summary.htm"&gt;software engineering and IT Outsourcing (ITO)&lt;/a&gt; provider in Central and Eastern Europe (CEE), announced today that it has received ISO/IEC 27001:2005 certification for its Information Security Management System (ISMS). EPAM obtained this reputable certification in Kyiv, Ukraine, from the Norway-based Det Norske Veritas (DNV), one of the world's leading assessment companies. The scope of the certificate is "Outsourced software development in accordance with the latest version of the Statement of Applicability".</description>
      <link>http://www.epam.com/aboutus-pr-04152010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-04-15T18:00:00.0000000+01:00</pubDate>
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      <title>Everest Group names EPAM as a "must-know" outsourcing vendor and the leading Central &amp; Eastern European alternative to India</title>
      <description>Newtown, PA — March 3, 2010 — &lt;a href="http://www.epam.com"&gt;EPAM Systems, Inc.&lt;/a&gt;, the leading &lt;a href="software-development-services-summary.htm"&gt;software engineering and IT Outsourcing (ITO)&lt;/a&gt; provider in Central and Eastern Europe (CEE), has been selected as the "must-know" service supplier in Central and Eastern Europe by Everest Group, a global consulting and research firm.</description>
      <link>http://www.epam.com/aboutus-pr-03032010.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2010-03-03T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems becomes the sole ITO provider with development centers in Central and Eastern Europe ranked among "2009 Top 50 Best Managed Outsourcing Vendors"</title>
      <description>Newtown, PA — September 2, 2009 — &lt;a href="http://www.epam.com/"&gt;EPAM Systems, Inc.&lt;/a&gt;, the leading &lt;a href="http://www.epam.com/software-development-services-summary.htm"&gt;software engineering and IT Outsourcing (ITO)&lt;/a&gt; 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.</description>
      <link>http://www.epam.com/aboutus-pr-09022009.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2009-09-02T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM's Capital Markets Competency Center helps MICEX strengthen its competitive edge through FAST and FIX protocol implementations</title>
      <description>Newtown, PA — July 15, 2009 —  B2BITS®, &lt;a href="http://www.b2bits.com/" target="_blank"&gt;EPAM Systems' Capital Markets Competency Center&lt;/a&gt; providing tools and technologies for exchange connectivity, OMS and EMS solutions, has announced that it has completed the MFIX Market Data implementation for the Moscow Interbank Currency Exchange (MICEX) Group, the largest exchange in Russia, the CIS, and Central and Eastern Europe.</description>
      <link>http://www.epam.com/aboutus-pr-07152009.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2009-07-15T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems reconfirms its status of a leading Software Services company in Central and Eastern Europe and Russia on IAOP's "2009 Global Outsourcing 100"</title>
      <description>Newtown, PA — May 19, 2009 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), has reconfirmed its leadership position within the region by being ranked highest among CEE's ITO firms in the fourth annual listing of "Global Outsourcing 100", an independently-judged, opt-in ranking of the world's best outsourcing service providers, compiled by the International Association of Outsourcing Professionals (IAOP).</description>
      <link>http://www.epam.com/aboutus-pr-05192009.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2009-05-19T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM ranked among the 'Top 10' global IT services leaders for the second consecutive year within "2009 Global Services 100"</title>
      <description>Newtown, PA — March 11, 2009 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), has been ranked the world's 7th top IT services provider in the key "Top 10 Best Performers: IT Services" category featured in the "2009 Global Services 100" rating.</description>
      <link>http://www.epam.com/aboutus-pr-03112009.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2009-03-11T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM honored for outstanding revenue growth on New Jersey's Finest ranking</title>
      <description>Lawrenceville, NJ — December 3, 2008 — EPAM Systems, Inc. was honored as the 5th within the fifty fastest growing companies ranking of New Jersey businesses by NJBIZ, the state's weekly business journal. EPAM Systems (&lt;a href="http://www.epam.com/"&gt;www.epam.com&lt;/a&gt;) is a leading provider of &lt;a href="http://www.epam.com/software-development-services-summary.htm"&gt;software engineering and IT Outsourcing (ITO)&lt;/a&gt; services with delivery centers in Central and Eastern Europe (CEE).</description>
      <link>http://www.epam.com/aboutus-pr-12032008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-12-03T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM advances within the list of world's largest software and service providers — The Software 500</title>
      <description>Lawrenceville, NJ — December 1, 2008 — EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), announced today that it has advanced to the 190<sup>th</sup> place on Software Magazine's annual ranking of the world's 500 largest software and service providers — The Software 500.</description>
      <link>http://www.epam.com/aboutus-pr-12012008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-12-01T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems continues European expansion with new Nordic operation</title>
      <description>Lawrenceville, NJ — 15 October, 2008 - EPAM Systems, Inc. (www.epam.com), the leading software engineering and IT Outsourcing (ITO) provider, with delivery centers in Central and Eastern Europe (CEE), is expanding its European  business with Stockholm office, the first of several offices in Scandinavia to provide "onshore" consulting and support to its Nordics clients, while enhancing its "NearShore" delivery capabilities of 4,500+ engineers in Hungary, Ukraine, Belarus and Russia.</description>
      <link>http://www.epam.com/aboutus-pr-10152008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-10-15T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM's multiple development locations are recognized as meeting the world's leading security and infrastructure standards</title>
      <description>Lawrenceville, NJ - August 5, 2008 - EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider, with delivery centers in Central and Eastern Europe (CEE), announced today that its development center in Kyiv, Ukraine, became an additional outsourcing location meeting the world's leading security standards. The Kyiv center has been recently assessed for the SAS 70 Type II requirements by Deloitte Co. Ltd., making EPAM the first company in Central and Eastern Europe with three SAS 70 Type II location certifications, including Budapest, Hungary, and Minsk, Belarus, and now Kyiv, Ukraine, with guarantees of the highest operational security levels.</description>
      <link>http://www.epam.com/aboutus-pr-08052008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-08-05T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Chairman and CEO Arkadiy Dobkin named Ernst &amp; Young Entrepreneur Of The Year® 2008 award winner in New Jersey</title>
      <description>Lawrenceville, NJ – July 1, 2008 – EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), announced today that Arkadiy Dobkin, EPAM Founder, Chairman and CEO, has been named winner of  the Entrepreneur Of The Year®2008 award in New Jersey, Information Technology Consulting category,  organized by Ernst &amp; Young, a global leader in assurance, tax, transaction and advisory services.</description>
      <link>http://www.epam.com/aboutus-pr-07012008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-07-01T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems announces $50 million capital raise</title>
      <description>Lawrenceville, NJ - May 19, 2008 – EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), announced today that it has completed an oversubscribed US$50 million minority investment round with three highly regarded global institutional investors.</description>
      <link>http://www.epam.com/aboutus-pr-05192008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-05-19T18:00:00.0000000+01:00</pubDate>
    </item>
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      <title>International Association of Outsourcing Professionals (IAOP) reconfirms EPAM Systems' status as the leading IT Outsourcing authority in Central and Eastern Europe (CEE), Russia</title>
      <description>Lawrenceville, NJ — May 16, 2008 — &lt;a href="http://www.epam.com/"&gt;EPAM Systems, Inc.&lt;/a&gt;, a leading global software engineering and IT Outsourcing (ITO) provider with development locations in Central/Eastern Europe and Russia, announced today that for the third consecutive year it has been selected by the International Association of Outsourcing Professionals (IAOP) and listed in the annual rating of the world's best outsourcing service providers — 2008 Global Outsourcing 100. EPAM received the highest rank among Central/Eastern European and Russian ITO providers, reaffirming its leading position on the market.</description>
      <link>http://www.epam.com/aboutus-pr-05162008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-05-16T18:00:00.0000000+01:00</pubDate>
    </item>
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      <title>EPAM Systems acquires B2BITS Corp., a leading provider of solutions and consulting services to the capital markets</title>
      <description>Lawrenceville, NJ - April 3, 2008 - EPAM Systems Acquires B2BITS Corp., a Leading Provider of Solutions and Consulting Services to the Capital Markets.</description>
      <link>http://www.epam.com/aboutus-pr-04032008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-04-03T18:00:00.0000000+01:00</pubDate>
    </item>
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      <title>EPAM wins its third European ITO Leader title and makes to the world`s Top 10 "Best Performing IT Services Providers" on the 2008 Global Services 100</title>
      <description>Lawrenceville, NJ — February 11, 2008 — EPAM Systems, Inc., the leading global software engineering outsourcing provider with development centers in Central and Eastern Europe, announced today that it has reconfirmed its status as the foremost IT outsourcing vendor in Europe. The company has been awarded the # 1 position in the "Emerging European Markets" category of the 2008 Global Services 100 ranking. EPAM is also the first and the sole software engineering services provider with development locations in Central and Eastern Europe named among the global Top 10 "Best Performing IT Services Providers", rated 8th overall.</description>
      <link>http://www.epam.com/aboutus-pr-02112008.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2008-02-11T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems named Private Company of the Year</title>
      <description>Lawrenceville, NJ — November 15, 2007 — &lt;a href="http://www.epam.com/"&gt;EPAM Systems, Inc.&lt;/a&gt;, the leading global &lt;a href="http://www.epam.com/software-engineering-experience.htm"&gt;offshore software engineering outsourcing&lt;/a&gt; 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.</description>
      <link>http://www.epam.com/aboutus-pr-11152007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-11-15T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM listed in Top 10 in its revenue category on the 2007 Software 500 rating of the world's largest software and services providers</title>
      <description>Lawrenceville, NJ — October 18, 2007 — EPAM Systems, Inc., the leading global offshore software engineering outsourcing provider with development centers in Central and Eastern Europe, has - for the fourth year running - been included in the Software 500 list, Software Magazine's 25th anniversary ranking of the world's largest software and services providers.</description>
      <link>http://www.epam.com/aboutus-pr-10182007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-10-18T10:00:00.0000000+01:00</pubDate>
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      <title>EPAM's multiple development centers rated at CMMI Level 4: EPAM Russia Business Application Development Center now joined in</title>
      <description>EPAM Systems, the leading global software engineering outsourcing provider with offshore software development centers in Central/Eastern Europe and Russia, announced today that EPAM Russia Business Application Development Center has been rated at the Capability Maturity Model Integration (CMMI) Level 4.</description>
      <link>http://www.epam.com/aboutus-pr-09052007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-09-05T13:00:00.0000000+01:00</pubDate>
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      <title>EPAM wins International Stevie® Award as the Best MIS &amp; IT company</title>
      <description>Lawrenceville, NJ – August 1, 2007 – EPAM Systems, Inc., the leading global offshore software engineering outsourcing provider with development centers in Central/Eastern Europe and Russia, has won an International Stevie Award as the "Best MIS &amp; IT Organization" in The 2007 International Business Awards program.</description>
      <link>http://www.epam.com/aboutus-pr-08012007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-08-01T13:00:00.0000000+01:00</pubDate>
    </item>
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      <title>EPAM reconfirms its leadership position among outsourcing vendors in Central and Eastern Europe by being the sole regional provider included into "2007 Top 50 Best Managed Global Outsourcing Vendors" by Brown-Wilson Group</title>
      <description>Lawrenceville, NJ - June 26, 2007 - EPAM Systems, Inc., the leading global offshore software engineering outsourcing provider with development centers in Central and Eastern Europe, for the second year running has made the list of the annual "2007 Top 50 Best Managed Global Outsourcing Vendors" compiled by Brown-Wilson Group, a not-for-profit outsourcing management consulting firm, author of "The Black Book of Outsourcing"</description>
      <link>http://www.epam.com/aboutus-pr-06262007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-06-26T16:00:00.0000000+01:00</pubDate>
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      <title>EPAM singled out as the Top Technology Practitioner of Business Intelligence Software on the VARBusiness 500 list of North America's largest IT solution providers, integrators and services companies</title>
      <description>Lawrenceville, NJ – June 15, 2007 - EPAM Systems, Inc., the leading global offshore software engineering outsourcing provider with development centers in Central and Eastern Europe, has been rated among North America's largest IT solution providers, integrators and services companies by CMP Technology's VARBusiness magazine. Assessed by the gross worldwide revenue to be included in the definitive VARBusiness 500 listing, EPAM has been honored with the "Top Technology Practices Award for Business Intelligence Software" at the 7th Annual VARBusiness 500 Conference and Awards event.</description>
      <link>http://www.epam.com/aboutus-pr-06152007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-06-15T16:00:00.0000000+01:00</pubDate>
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      <title>EPAM is rated the top Eastern European ITO service provider within "The 2007 Global Outsourcing 100" and is the only regional company included in the Leaders category
			</title>
      <description>Lawrenceville, NJ - May 4, 2007 - EPAM Systems, Inc., the leading global offshore software development services company with development centers in Central and Eastern Europe, has been ranked among the world's best outsourcing service providers on "The 2007 Global Outsourcing 100" annual rating developed by the International Association of Outsourcing Professionals (IAOP). Additionally, EPAM is listed among the top outsourcing service providers serving Software and Technology companies.
			</description>
      <link>http://www.epam.com/aboutus-pr-05042007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-05-04T16:00:00.0000000+01:00</pubDate>
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      <title>For the second consecutive year Saratov State University team, sponsored by EPAM, becomes a winner of the ACM International Collegiate Programming Contest
			</title>
      <description>Lawrenceville, NJ - April 18, 2007 - EPAM Systems, the leading offshore software development services company with development centers in Central and Eastern Europe, announces that the Saratov State University team, sponsored by the company, became a Silver prize winner at the recent ACM International Collegiate Programming Contest held in Tokio, Japan. Having demonstrated the sixth best result in complex, real-world problem-solving the team competed with eighty-eight teams of students from around the globe.
			</description>
      <link>http://www.epam.com/aboutus-pr-04182007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-04-18T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM to demonstrate advantages of geographic and technology multi-sourcing at Gartner Outsourcing Summit</title>
      <description>Lawrenceville, NJ - March 15, 2007 - EPAM Systems, Inc., the leading offshore software development services company with development centers in Central and Eastern Europe, will participate in the Gartner Outsourcing Summit conducted in Dallas, TX, on March 19 - 21. By sponsoring the event, EPAM aims at bringing the best of its software development experience to those North American corporations who want to maximize outsourcing opportunities, drive innovation, and take better advantage of the global talent pool through geographic and technological multi-sourcing.</description>
      <link>http://www.epam.com/aboutus-pr-03172007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-03-17T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM Systems named #1 in multiple categories by outsourcing analysts</title>
      <description>Lawrenceville, NJ – March 05, 2007 - EPAM Systems, Inc., the leading global offshore software development services company with development centers in Central and Eastern Europe, has been honored with a series of awards from the "Top 50 Best Managed Outsourcing Vendors" initiative. The rank was based on a comprehensive survey and analysis of 872 outsourcing vendors in 63 countries conducted by Brown-Wilson Group, a not-for-profit outsourcing management consulting firm, the author of "The Black Book of Outsourcing".</description>
      <link>http://www.epam.com/aboutus-pr-03052007.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2007-03-05T18:00:00.0000000+01:00</pubDate>
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      <title>EPAM to expand its service delivery capabilities in Business Performance Management and Business Intelligence software under the new "Hyperion Affiliate Consulting Partner" status</title>
      <description>Lawrenceville, NJ - November 27, 2006 - EPAM Systems, Inc., a leading global software services company, independently recognized as the #1 IT outsourcing provider in Central and Eastern Europe, has been included in the Hyperion Global Partner Program and awarded the "Hyperion Affiliate Consulting Partner" status by Hyperion Solutions Corporation (NASDAQ: HYSL), the global leader in Business Performance Management software. EPAM has been a proven vendor to Hyperion since 2002, providing development, testing, maintenance, and consulting services to the company.</description>
      <link>http://www.epam.com/aboutus-pr-11272006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-11-27T17:00:00.0000000+01:00</pubDate>
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      <title>EPAM among the 3 finalists for NOA's "IT Outsourcing Service Provider of the Year" award category and the sole finalist from Central &amp; Eastern Europe</title>
      <description>London, UK — October 30, 2006 - EPAM Systems announced that it became the only software development company from Central and Eastern Europe named a finalist of NOA's "IT Outsourcing Service Provider of the Year" award category. The other two shortlisted contestants included Wipro Technologies and LogicaCMG, with Wipro winning the award.</description>
      <link>http://www.epam.com/aboutus-pr-10302006-2.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-10-30T17:00:00.0000000+01:00</pubDate>
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      <title>For the third consecutive year EPAM improves its position on the Software 500 list of the leading software and services companies</title>
      <description>Lawrenceville, NJ — October 30, 2006 - EPAM Systems, the leading Software Engineering Outsourcing provider with delivery centers in Central and Eastern Europe, has made the top 300 of the Software 500, Software Magazine`s 24th annual ranking of the world's largest software and services providers.</description>
      <link>http://www.epam.com/aboutus-pr-10302006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-10-30T17:00:00.0000000+01:00</pubDate>
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      <title>NJBIZ awards EPAM for continued growth and solid business performance</title>
      <description>Lawrenceville, NJ – September 27, 2006 – EPAM Systems, the leading Software Engineering Outsourcing provider with delivery centers in Central and Eastern Europe, has announced that based on its last three-year revenue growth, EPAM has been named to 2006 New Jersey's Finest, the awards program honoring the state`s 50 fastest growing companies.</description>
      <link>http://www.epam.com/aboutus-pr-09272006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-09-27T17:00:00.0000000+01:00</pubDate>
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      <title>EPAM and VDI announce a strategic merger, further solidifying EPAM`s leadership of the Central and Eastern Europe software outsourcing industry</title>
      <description>Lawrenceville, NJ – Boston, MA – September 19, 2006 - EPAM Systems, Inc., a leading global software services company, independently recognized as the #1 IT outsourcing provider in Central and Eastern Europe for the last two years, and Vested Development, Inc., one of the Top 5 Russian Software Outsourcing vendors, have announced a strategic merger. </description>
      <link>http://www.epam.com/aboutus-pr-09192006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-09-19T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Named to Fast-Growth 100 List by CMP Media`s CRN</title>
      <description>Lawrenceville, NJ - August 23, 2006 – EPAM Systems, the leading Software Engineering Outsourcing provider with delivery centers in Central and Eastern Europe, announced today that the company has been identified by CMP Media`s CRN, a vital source of information for VARs and technology integrators, as a Fast-Growth 100 company for its stellar growth and remarkable business success.</description>
      <link>http://www.epam.com/aboutus-pr-08232006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-08-23T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM makes the world`s "Top 50 Best Managed Outsourcing Vendors" achieving the highest rank among Central and Eastern European software engineering outsourcing providers</title>
      <description>Lawrenceville, NJ — August 7, 2006 — EPAM Systems today announced that on the rating of "Top 50 Best Managed Global Outsourcing Vendors 2006" the company received the highest rank among software engineering outsourcing service providers with delivery centers in Central and Eastern Europe, including Russia, Ukraine and Belarus. The award is based on a comprehensive survey and analysis of 872 outsourcing vendors in 63 countries conducted by Brown-Wilson Group, a not-for-profit outsourcing management consulting firm.</description>
      <link>http://www.epam.com/aboutus-pr-08072006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-08-07T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Arkadiy Dobkin, EPAM CEO, named one of Top 25 Most Influential Consultants</title>
      <description>Lawrenceville, NJ – May 29, 2006 - EPAM Systems, a leading Software Engineering Outsourcing provider with delivery centers in Eastern Europe, today announced that Arkadiy Dobkin, EPAM President and CEO, was named one of the Top 25 Most Influential Consultants of the Year by Consulting Magazine. Awarded for his outstanding achievements, Arkadiy Dobkin was listed among peers from IBM, TATA, Unisys, Accenture, Deloitte Consulting and others.
			</description>
      <link>http://www.epam.com/aboutus-pr-05292006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-05-29T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems and Hyperion Solutions sign a multiyear product development agreement</title>
      <description>Lawrenceville, NJ — May 15, 2006 — EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;) the #1 software engineering services provider in Eastern Europe, and Hyperion Solutions Corporation (NASDAQ: HYSL), the global leader in Business Performance Management software, have signed a multiyear contract by which EPAM will be providing development, testing, maintenance and consulting services to Hyperion.
			</description>
      <link>http://www.epam.com/aboutus-pr-05152006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-05-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems selected to IAOP's "The Global Outsourcing 100"</title>
      <description>May 10, 2006 — Lawrenceville, NJ — EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;) is proud to announce its selection to the International Association of Outsourcing Professionals' (IAOP) first-ever listing of the world's top 100 outsourcing service providers – "The Global Outsourcing 100". EPAM is listed in the category of "Top Offshoring Providers" - a distinction given to a subset of the Global 100, comprised of the world`s 30 foremost providers of offshore services to US based enterprises. The sublisting will appear in the May 29th issue of FORTUNE&amp;reg; magazine.
			</description>
      <link>http://www.epam.com/aboutus-pr-05102006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-05-10T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems co-sponsored team wins the prestigious ACM International Collegiate Programming Contest</title>
      <description>Lawrenceville, NJ – April 28, 2006 — EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the #1 software engineering services provider in Eastern and Central Europe, congratulates the programming team from Saratov State University, Russia. This EPAM co-sponsored team was crowned champion of the ACM Contest World Finals (&lt;http://icpc.baylor.edu/icpc/Finals/default.htm&gt;) that took place in San Antonio, Texas on April 12th 2006.
			</description>
      <link>http://www.epam.com/aboutus-pr-04282006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-04-28T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems expands presence in Germany</title>
      <description>Princeton, NJ - Frankfurt am Main, Germany - 20 February, 2006 - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the number one provider of software engineering outsourcing services in Central and Eastern Europe, has announced today the opening of its German office in Frankfurt am Main.
			</description>
      <link>http://www.epam.com/aboutus-pr-02202006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-02-20T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM  reaffirmed as the #1 IT  Outsourcing  provider in Central and Eastern Europe</title>
      <description>Princeton, NJ - February 09, 2006 - For the second consecutive year EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), a provider of software development outsourcing services, is ranked No. 1 of the "Top 5 to Watch in Central and Eastern Europe" and included in the selection of the global "Top 10 Specialty Application Development Leaders" in the exclusive annual top "Global Services 100" listing of the world's leading ITO, BPO, and customer care service providers.
			</description>
      <link>http://www.epam.com/aboutus-pr-02092006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-02-09T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems secures equity investment from Siguler Guff</title>
      <description>Princeton, NJ – February 1, 2006 - EPAM Systems, Inc. (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the number one provider of software engineering outsourcing services in Central and Eastern Europe, announced today that Siguler Guff &amp; Company has made a significant investment in EPAM equity. To fully leverage EPAM`s position as the largest, most experienced provider in the region, these additional funds will accelerate both organic and acquisition based expansion of EPAM`s delivery capacity in Eastern Europe as well as client facing consulting capabilities in US and EU.</description>
      <link>http://www.epam.com/aboutus-pr-02012006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-02-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>2005 for EPAM: The year of continued growth, business success and industry recognition</title>
      <description>Princeton, NJ - January 19, 2006 - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the leading provider of outsourced software engineering services with development centers in Central and Eastern Europe, has confirmed today that 2005 was an impressively successful year for the company. EPAM's continued growth, business success and industry recognition attained in 2005 have empowered the company to reinforce its position of No.1 software services outsourcing company with development centers in Central and Eastern Europe. </description>
      <link>http://www.epam.com/aboutus-pr-01192006.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2006-01-19T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM launches software development centers in Ukraine</title>
      <description>Princeton, NJ - Kyiv, Ukraine - December 1, 2005 - EPAM (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the number one provider of software engineering services in Central and Eastern Europe, announced today the launch of its first of several "engineering centers of excellence" in Ukraine. EPAM was recognized as #1 of "Top 5 To Watch in Central and Eastern Europe" in the global "Offshore 100" listing by neoIT and CMP's Managing Offshore as well as #3 globally in specialty application development and EPAM considers its expansion into Ukraine to be a natural extension of its business model, which has already proven to be successful in Hungary, Russia and Belarus. </description>
      <link>http://www.epam.com/aboutus-pr-12012005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-12-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM releases service-based customer Loyalty Solution</title>
      <description>Princeton, NJ - October 20, 2005  - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), a leading software engineering outsourcing company, has extended its e-business platform with the launch of a service-based Customer Loyalty Solution. The new system allows companies to quickly launch and adapt targeted affinity programs and to offer varying levels of rewards based on customer profiles. Additional features include tight integration with a variety of transaction back-ends. Enhanced reporting and CRM capabilities are planned for subsequent releases.
</description>
      <link>http://www.epam.com/aboutus-pr-20102005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-10-20T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM named to Software Magazine's 23rd annual Software 500</title>
      <description>Princeton, NJ — September 28, 2005 - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), a leading provider of offshore software development services, today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on &lt;a href="http://www.softwaremag.com" target="_blank"&gt;www.Softwaremag.com&lt;/a&gt;. </description>
      <link>http://www.epam.com/aboutus-pr-28092005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-09-28T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM named one of New Jersey's fastest growing technology companies in Deloitte's Technology Fast 50 program</title>
      <description>Princeton, NJ - September 15, 2005  - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;) a proven supplier of offshore software development services, has been named to prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area by Deloitte &amp; Touche LLP, one of the nation's leading professional services firms. Rankings are based on the percentage revenue growth over five years from 2000-2004.</description>
      <link>http://www.epam.com/aboutus-pr-15092005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-09-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM to sponsor 5th annual Russian Outsourcing and Software Summit (ROSS 2005) and to deliver a keynote presentation</title>
      <description>Princeton, NJ - June 14, 2005  - EPAM Systems, Russian Software Excellence Award 2004 winner, will be a Silver Sponsor of the &lt;a href="http://www.soft-outsourcing.com/" target="_blank"&gt;Russian Outsourcing &amp; Software Summit 2005&lt;/a&gt;, one of the most remarkable events in IT-outsourcing, software development and international collaboration on Information Technologies in Russia, CIS and Eastern Europe. At the opening of the Summit EPAM's CEO Arkadiy Dobkin will deliver a keynote presentation giving an insider view of the most significant trends in outsouricing to Eastern Europe and Russia in particular.</description>
      <link>http://www.epam.com/aboutus-pr-06142005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-06-14T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM helps Siberia Airlines launch the first online ticketing portal in Russia</title>
      <description>Princeton, NJ - June 8, 2005  - EPAM Systems continues support for Siberia Airlines' next generation online sales channel and redesigned corporate website. Developed with EPAM Travel Solutions, the newly launched site (&lt;a href="http://www.s7.ru" target="_blank"&gt;www.s7.ru&lt;/a&gt;) offers Siberia Airlines' passengers the first in Russia online search, reservation and booking system. </description>
      <link>http://www.epam.com/aboutus-pr-06082005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-06-08T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM's CEO Arkadiy Dobkin invited to speak on multi-sourcing potential in Eastern Europe at Forrester's GigaWorld IT Forum Europe</title>
      <description>Princeton, NJ - June 6, 2005  - EPAM's CEO Arkadiy Dobkin will share his views on the multi-sourcing potential in Eastern Europe during a press roundtable at Forrester's GigaWorld IT Forum Europe, a must-attend event for IT and business executives charged with choosing and implementing technologies that gain and maintain the competitive advantage.</description>
      <link>http://www.epam.com/aboutus-pr-06062005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-06-06T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems sponsors two international scientific conferences; Promotion of scientific progress and technological innovation as a strategic imperative for EPAM Systems</title>
      <description>Princeton, NJ - May 23, 2005  - EPAM (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the leading provider of outsourced software engineering with development centers in Eastern Europe, sponsors two international scientific conferences taking place this month in Minsk, Belarus, the city that hosts one of the company's development centers.
</description>
      <link>http://www.epam.com/aboutus-pr-05232005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-05-23T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems will present "Best Practices" for integrating / porting existing applications through its expertise with SAP NetWeaver™ at SAPPHIRE® 2005</title>
      <description>Princeton, NJ - May 11, 2005  - EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), recently recognized as #1 of "Top 5 to Watch in Central and Eastern Europe" and #3 of "Top 10 Specialty Application Development Leaders" in the global "Offshore 100", will present a "lessons learned"  approach to working with SAP NetWeaver™ at SAPPHIRE® ´05 taking place at the Boston Convention and Exhibition Center, Boston, Massachusetts on May 17-19, 2005. </description>
      <link>http://www.epam.com/aboutus-pr-05112005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-05-11T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM CEO Arkadiy Dobkin to represent Eastern Europe at Gartner Outsourcing Summit 2005 panel discussion "Offshore Growth Accelerators and Inhibitors around the World"</title>
      <description>Princeton, NJ - April 2, 2005  - Arkadiy Dobkin, CEO of EPAM Systems which was recently recognized as No.1 of "Top 5 to Watch in Central and Eastern Europe" and No.3 of "Top 10 Specialty Application Development Leaders" in the global "Offshore 100" list, is invited to represent Eastern Europe's software engineering service providers in the Gartner Outsourcing Summit 2005 panel discussion "Offshore Growth Accelerators and Inhibitors Around the World" (April 4-6, 2005). </description>
      <link>http://www.epam.com/aboutus-pr-04022005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-04-02T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Empire BCBS upgrades its broker online services to EPAM INSURE™ Healthcare solution enabling brokers to increase sales and reduce workload</title>
      <description>Princeton, NJ - February 14, 2005 - EPAM Systems, Inc., a leading global provider of software development and outsourcing services, today announced the successful upgrade implementation of EPAM INSURE™ Broker Portal for Empire BlueCross BlueShield, one of the largest BlueCross BlueShield health insurance plans in the nation.</description>
      <link>http://www.epam.com/aboutus-pr-02142005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-02-14T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM recognized as No.1 company to watch in Central and Eastern Europe in first annual "Offshore 100" round-up of top global offshore ITO and BPO service providers</title>
      <description>Princeton, NJ - January 18, 2005 - EPAM (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), the leading provider of outsourced software engineering with development centers in Eastern Europe, announced today that it has been named to the Annual Offshore 100 ranking of top global suppliers by CMP's Managing Offshore and offshore outsourcing advisory expert neoIT. </description>
      <link>http://www.epam.com/aboutus-pr-01182005.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2005-01-18T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM solutions enhance Aeromexico's travel portal</title>
      <description>December 13, 2004, Princeton, NJ - Aeromexico, the leading air carrier of Latin America, has re-launched its website with the support of &lt;a href="http://www.epam-cms.com/" target="_blank"&gt;EPAM Content Management Software&lt;/a&gt;. Tailored to communicate Aeromexico's distinctive personality via its Internet travel portal at &lt;a href="http://www.aeromexico.com" target="_blank"&gt;www.aeromexico.com&lt;/a&gt;, the site offers online travel-booking services integrated with products, promotions and operational information. Combining these services into its multi-language sites will extend the airline's service commitment to the millions of passengers who fly annually to 159 destinations worldwide and enable it to penetrate deeply into burgeoning global markets for online travel.</description>
      <link>http://www.epam.com/aboutus-pr-12132004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-12-13T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Power Machines Group to use a new solution for complex distributed project management; The SAP NetWeaver and SAP cProjects based solution has been developed by a consolidated team of Power Machines, SAP and EPAM</title>
      <description>Moscow, St. Petersburg, November 30, 2004 - EPAM Systems, SAP's partner in the CIS and USA, in close collaboration with SAP's teams from CIS, Baltic States, and Czech Republic have implemented a system for collaborative work and distributed project management based on SAP Enterprise Portal and SAP cProjects Suite at OJSC Power Machines.</description>
      <link>http://www.epam.com/aboutus-pr-11302004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-11-30T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM CEO recognized in CRN's 2004 Top 25 Executives issue</title>
      <description>Princeton, NJ, November 18, 2004 - EPAM Systems, Inc., the largest software engineering services provider with development centers in Central and Eastern Europe, received further endorsement of its position as one of the leaders in the global outsourcing industry when president and CEO Arkadiy Dobkin was recognized in Computer Reseller News' (CRN) "2004 Top 25 Executives" issue. The prestigious annual roundup of top technology leaders named Dobkin in the "Foreign Relations" category, identifying him as one of the three most influential executives in the fast-growing IT outsourcing market (&lt;a href="http://www.crn.com/sections/special/top25/top25_03.jhtml?articleId=52601043" target="_blank"&gt;http://www.crn.com/sections/special/top25/top25_03.jhtml?articleId=52601043&lt;/a&gt;).</description>
      <link>http://www.epam.com/aboutus-pr-11182004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-11-18T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM announces the release of Provider Credentialing, an extension of EPAM INSURE™, EPAM's Healthcare Product Suite</title>
      <description>Princeton, NJ, November 11, 2004 - EPAM Systems, a leading provider of business and technology solutions for the healthcare industry, announces Provider Credentialing, an extension of EPAM's robust Healthcare Product Suite. This product extension provides healthcare insurers with an integrated end-to-end solution for their credentialing needs and includes: a provider portal, inbound call management, document routing management and integrated data capture with validation. Provider Credentialing drives its core functionality through a strong workflow engine that will automate basic tasks and will provide guided work management, automatically routing work items and documents to business users. This product will be introduced at the BlueCross BlueShield Association's eBusiness Summit, to be held at the Westin Innisbrook in Palm Harbor, Florida from December 1 - 3. The product will be released in the first quarter of 2005.</description>
      <link>http://www.epam.com/aboutus-pr-11112004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-11-11T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>I-many partners with EPAM Systems </title>
      <description>November 3, 2004, Memphis, Tenn. - I-many, the leading provider of advanced business solutions for managing corporate commitments, announced at its annual user conference a partnership with EPAM Systems. EPAM is the leading software services provider with advanced development centers in Eastern Europe - providing services for "Certified for NetWeaver™" and "Powered by NetWeaver™" statuses. </description>
      <link>http://www.epam.com/aboutus-pr-11032004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-11-03T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>First Index announces partnership with EPAM to facilitate system integration of First Index contract manufacturing sourcing platforms with major enterprise applications</title>
      <description>October 1, 2004, Whippany, NJ - First Index, the world's most trusted sourcing service for buyers and suppliers of custom manufactured components, today announced a partnership with EPAM Systems, the largest IT outsourcing provider with advanced software engineering centers in Eastern Europe, to deliver integration services for FindFAST PRO, First Index's online global sourcing platform. The partnership draws on the companies' previous collaboration and EPAM's expertise in system integration.</description>
      <link>http://www.epam.com/aboutus-pr-10012004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-10-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM named to Software 500, Software Magazine's list of the world's largest software and services providers</title>
      <description>Princeton, NJ, September 22, 2004 - EPAM Systems, the largest IT outsourcing provider with advanced software engineering centers in Eastern Europe, today announced its inclusion on the Software 500, Software Magazine's list of the world's foremost software and services providers, published as an online catalog on &lt;a href="http://www.softwaremag.com" target="_blank"&gt;www.Softwaremag.com&lt;/a&gt;</description>
      <link>http://www.epam.com/aboutus-pr-09222004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-09-22T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM named one of New Jersey's fastest growing technology companies for the 3rd consecutive year by Deloitte &amp; Touche</title>
      <description>August 13, 2004 - Princeton, NJ - For the third consecutive year, EPAM Systems has been named to Deloitte &amp; Touche's prestigious Technology Fast 50 Program for New Jersey, a ranking of the 50 fastest growing technology companies by Deloitte &amp; Touche LLP, one of the world's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.</description>
      <link>http://www.epam.com/aboutus-pr-08132004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-08-13T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems receives Russian Software Excellence Award and is named "The Most Attractive Company for Investments"</title>
      <description>June 9, 2004 - S. Petersburg, Russia - At Russian Outsourcing and Software Development Summit held on June 9-11, 2004 in S.Petersburg, Russia, EPAM Systems received the Russian Software Excellence Award and was named "The Most Attractive Company for Investments". The award initiated by the Russian IT association Fort-Ross was presented to the five Russian best software development companies as judged by representatives of leading IT media and analysts, investment funds and executives of big foreign IT corporations in Russia.</description>
      <link>http://www.epam.com/aboutus-pr-06092004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-06-09T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>ROSS 2004: high time to prepare for the largest conference on IT Outsourcing in Russia</title>
      <description>May 27, 2004 - Princeton, NJ - &lt;a href="http://www.epam.com" target="_blank"&gt;EPAM Systems&lt;/a&gt;, a global provider of software services and solutions with technology development centers in Russia, Hungary and Belarus, will take part in &lt;a href="http://www.soft-outsourcing.com/" target="_blank"&gt;Russian Outsourcing and Software Summite&lt;/a&gt; (Conference of the Localization Industry and Standardization Association) and each registered participant will have free access to all the events of both summits.</description>
      <link>http://www.epam.com/aboutus-pr-05272004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-05-27T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems to present at SAPPHIRE® 2004 how its development experience with SAP® xApps™ and SAP NetWeaver™ can benefit customers</title>
      <description>New Orleans - May 11, 2004 - &lt;a href="http://www.epam.com" target="_blank"&gt;EPAM Systems, Inc.&lt;/a&gt;, a global provider of software development and outsourcing services, will present to customers at SAPPHIRE® 2004 its development expertise with the SAP® xApps™ portfolio of packaged composite applications and the SAP NetWeaver™ open integration and application platform. EPAM has been involved in a wide range of activities from application prototyping to development and support for over seven years of successful collaboration with SAP. EPAM will highlight for attendees of SAPPHIRE 2004, the SAP international customer conference held here May 11-13, a view of SAP xApps and SAP NetWeaver as the most effective and radical solutions that bridge the gap between best business practices and traditional software applications.</description>
      <link>http://www.epam.com/aboutus-pr-05062004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-05-11T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>ACM International Collegiate Programming Contest: the team sponsored by EPAM wins gold medals leaving Massachusetts and Harvard Universities behind</title>
      <description>April 19, 2004 - Princeton, NJ - Minsk, Belarus - Sponsored by &lt;a href="http://www.epam.com" target="_blank"&gt;EPAM Systems&lt;/a&gt;, a team of students from Belarus (a former republic of the Soviet Union) became the third out of several thousand student teams from all over the world and won the gold medals in the World Finals of the 28th ACM International Collegiate Programming Contest held in Prague, Czech Republic, on March 31, 2004. This year 3,150 teams from 75 countries had taken part in regional contests with 73 teams from 31 countries competing in the finals in Prague. The Belarusian team included Viktoria Lebed, Ivan Metelsky, Maxim Osipov - all of them students of the Byelorussian State University, EPAM's premier education partner.
</description>
      <link>http://www.epam.com/aboutus-pr-04222004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-04-19T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems continues expansion through strategic merger with Fathom Technology</title>
      <description>Princeton, NJ, Budapest, Hungary and Moscow, Russia, - March 16, 2004 - Today &lt;a href="http://www.epam.com" target="_blank"&gt;EPAM Systems, Inc.&lt;/a&gt;, a global provider of software services and solutions, announced a merger with Fathom Technology, a European software engineering company specializing in advanced EJB and .NET services. Together, EPAM, with over 600 staff in US, Russia, and Belarus, and Fathom, with 160 staff in Budapest, will form the largest Software Engineering services provider in Central and Eastern Europe. The merged company will operate under the EPAM Systems name. </description>
      <link>http://www.epam.com/aboutus-pr-03172004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-03-16T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems announces EPAM xApps consulting and NetWeaver expert practices</title>
      <description>Princeton, NJ, March 12, 2004 - EPAM Systems, Inc., a global provider of software development and outsourcing services, announced today the launch of its xApps cross-applications implementation and NetWeaver expert practice.</description>
      <link>http://www.epam.com/aboutus-pr-03122004.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2004-03-12T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>LogicLibrary and EPAM Systems announce first SAP NetWeaver add-on for software reuse</title>
      <description>Pittsburgh, PA - Dec. 15, 2003 - LogicLibrary™, the leading provider of software asset management tools, today announced a partnership with EPAM Systems, a leading provider of e-business, enterprise relationship management, software development outsourcing services and content management solutions. EPAM will develop a Logidex Add-On for SAP NetWeaver Developer Studio for both J2EE and .NET environments. </description>
      <link>http://www.epam.com/aboutus-pr-12152003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-12-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Technology and support strategy is paying off as the world's leading B2B marketplace for industrial custom-manufactured parts and assemblies goes offshore with EPAM</title>
      <description>Princeton, NJ - December 8, 2003 - EPAM Systems, Inc., a leading provider of IT services, today announced that First Index chose EPAM as its offshore outsourcing partner to manage and operate its Information Technology Group with an initial 1-year outsourcing agreement. EPAM was picked after a very competitive process that included global service firms from Russia and India.
</description>
      <link>http://www.epam.com/aboutus-pr-12032003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-12-08T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Mature and integrated software engineering: EPAM Systems' Minsk Development Center becomes the first CMMI® Maturity Level 4 organization in Europe</title>
      <description>Princeton, NJ - Minsk, Belarus - September 30, 2003 - The Minsk Development Center of EPAM Systems, Inc. headquartered in Princeton, NJ (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;), becomes the first software organization in Europe to pass a formal assessment against the requirements of the Capability Maturity Model Integration (CMMI) at Maturity Level 4. CMMI is a new and more demanding model developed by the SEI (Software Engineering Institute, Carnegie Mellon University) for assessing a company's software engineering capability and the maturity of an organization's processes.</description>
      <link>http://www.epam.com/aboutus-pr-09302003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-09-30T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM announced as winner of New Jersey Technology Fast 50 award</title>
      <description>Princeton, NJ - August 28, 2003 - EPAM Systems, Inc. is recognized as one of the fastest growing technology companies in the state of New Jersey and announced as a winner of the New Jersey Technology Fast 50 award. The program sponsored by &lt;a href="http://www.deloitte.com/" target="_blank"&gt;Deloitte &amp; Touche&lt;/a&gt; defines the fastest growing companies in a given geographic area with the ranking based on the percentage revenue growth over the 5 years from 1998 to 2002. Having experienced revenue growth of over 500% during this period, EPAM is recognized as a winner of the program for the 2nd year in a row. </description>
      <link>http://www.epam.com/aboutus-pr-08282003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-08-28T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems announces partnership with SAP to support the creation of SAP® xApps™ packaged composite applications™</title>
      <description>Princeton, NJ - July 29, 2003 - EPAM Systems, a software company headquartered in Princeton, NJ with major development offices in Moscow, Russia and Minsk, Belarus today announced that SAP AG (NYSE: SAP), the leading global provider of business application software, has selected EPAM Systems as a core development partner for SAP® xApps™ composite applications. </description>
      <link>http://www.epam.com/aboutus-pr-07292003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-07-29T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Aberdeen Group cites EPAM as trendsetter in "A Buyer's Guide to the Russian Software Development and Services Export Industry"</title>
      <description>Princeton, NJ - July 7, 2003 - In response to the fact that more and more companies are stepping up their use of Russian IT resources, Aberdeen Group, an IT market analysis leader, issued "A Buyer's Guide to the Russian Software Development and Services Export Industry". To gather data for a buyer's perspective of the Russian software development and services export sector, Aberdeen surveyed leading Russian offshore development centers and service providers as well as the companies they contract or collaborate with. </description>
      <link>http://www.epam.com/aboutus-pr-07072003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-07-07T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Modern e-marketplace for oil products market launched in Russia</title>
      <description>Princeton, NJ, June 25, 2003 - EPAM Systems announces the launch of a modern e-marketplace for wholesale oil products of TNK (Tyumen Oil Company). </description>
      <link>http://www.epam.com/aboutus-pr-06182003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-06-25T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM recognized as poised to become Tier 1 global player by Gartner</title>
      <description>Princeton, NJ, May 01, 2003 - During the "Offshore Sourcing - What does the future hold?" session at the recent Outsourcing &amp; IT Services Summit held on April 28th and 29th in London, the UK, Gartner, the world's leading source of strategic advice, recognized EPAM as a key player in the global outsourcing services market. Comparing current Tier 1 providers, EPAM was highlighted as one of the firms having unique capabilities permitting it to compete against the current incumbent players.
</description>
      <link>http://www.epam.com/aboutus-pr-05012003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-05-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM announces Health &amp; Insurance technology and consulting vertical</title>
      <description>Princeton, NJ - March 17, 2003 - EPAM Systems, Inc., a leading global provider of software development and outsourcing services, today announced the launch of its healthcare practice focusing on IT related projects for health insurers and related organizations. Healthcare executives will gain greater value for their IT budgets by using EPAM's proven onshore/offshore model.
</description>
      <link>http://www.epam.com/aboutus-pr-03172003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-03-17T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM and Datalex partner to provide content management solutions for the Travel industry</title>
      <description>Princeton, NJ - January 13, 2003 - EPAM Systems, a leading provider of software development services with offices in US and Eastern Europe, and Datalex, a leading provider of technology solutions for the global travel and transportation industry, today announced a partnership to integrate &lt;a href="http://www.epam-cms.com/" target="_blank"&gt;EPAM Content Management System&lt;/a&gt; with Datalex's Internet booking engine technology. The partnership serves as a foundation for upcoming developments between the two companies in the travel industry as they engage in joint sales and marketing activities.</description>
      <link>http://www.epam.com/aboutus-pr-01132003.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2003-01-13T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM announces content management support for newly launched LasVegas.com</title>
      <description>Princeton, NJ - December 23, 2002 - EPAM, a leading provider of Russian software development outsourcing services, today announced that the company's leading Content Management System has been deployed and supports the new
&lt;a href="http://www.lasvegas.com/" target="_blank"&gt;http://www.lasvegas.com&lt;/a&gt; portal, a newly launched travel destination website representing Las Vegas. </description>
      <link>http://www.epam.com/aboutus-pr-12232002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-12-23T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems, Inc. among the entrepreneurial growth leaders on this year's Inc 500 ranking of fastest growing private companies</title>
      <description>Princeton, NJ, November 5th, 2002 - EPAM Systems, Inc. has been named one of America's entrepreneurial growth leaders by Inc magazine, which released its 2002 Inc 500 ranking of the nation's fastest-growing private companies in October. The ranking will appear in the magazine's special Inc 500 issue, which hit newsstands October 15. Rankings are based on percentage revenue growth over five years, from 1997-2001. </description>
      <link>http://www.epam.com/aboutus-pr-11052002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-11-05T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM strengthens its executive team with the addition of Richard Osborne</title>
      <description>Princeton, NJ, November 1, 2002 - EPAM Systems, one of the Russia's largest IT services outsourcing firm, today announced that Richard Osborne has been named Senior Vice President. </description>
      <link>http://www.epam.com/aboutus-pr-11012002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-11-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems, Inc. ranked number 292 among fastest growing technology companies in North America on the 2002 Deloitte &amp; Touche Technology Fast 500</title>
      <description>Princeton, NJ, August 15th, 2002 - EPAM Systems, Inc. today announced that it ranked Number 292 on the 2002 Deloitte &amp; Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. EPAM Systems, Inc. grew 1,109% percent during this period. EPAM Systems' CEO, Arkadiy Dobkin credits the emergence of Russia as a premier Outsourcing market, the evolution of EPAM's services delivery model and very satisfied customers with the company's five-year, 1,109% growth rate. "We see our sustained growth as evidence of a maturing Russian IT Services market," said Dobkin. "More and more, our customers are turning to Russia to help create, sustain and deliver affordable IT services. We are proud to lead the way."</description>
      <link>http://www.epam.com/aboutus-pr-10152002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-10-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems recognized for industry leadership &amp; rapid growth</title>
      <description>Princeton, NJ, September 10, 2002 - EPAM Systems, Inc., a US offshore software services supplier with development facilities in Russia, received a series of industry accolades this month for its superior service and growth. In a new report published by the Aberdeen Group, a leading marketing analysis firm, EPAM was highlighted for "Best Practices in Offshore Outsourcing." Also, the company was ranked one of the fasting growing companies in its region by Deloitte and Touch in the New Jersey "Fast50" report. As a result of its rapid growth and market leadership, the company was featured on the cover of September's Consulting Magazine and profiled in last week's issue of Information Week. </description>
      <link>http://www.epam.com/aboutus-pr-09102002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-09-10T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>Aberdeen Group chooses EPAM to represent Best Practices in Offshore Outsourcing</title>
      <description>Princeton, NJ, September 1, 2002 - EPAM Systems, Inc., a U.S. software services supplier with development facilities in Minsk, Belarus and Moscow, Russia, was named by Aberdeen Group, a leading market analysis and positioning services firm, as one of the most compelling examples of successful offshore service delivery for its special report on "Best Practices in Offshore Outsourcing" released on September 4, 2002. </description>
      <link>http://www.epam.com/aboutus-pr-09012002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-09-01T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems, Inc. named one of New Jersey's fastest growing technology companies in Deloitte &amp; Touche "Fast 50" Program</title>
      <description>Princeton, NJ, August 15th, 2002 - EPAM Systems, Inc. has been named to Deloitte &amp; Touche's prestigious "Technology Fast 50" Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area. Rankings are based on the percentage of growth in fiscal year revenues from 1997-2001 (five-year period). </description>
      <link>http://www.epam.com/aboutus-pr-08152002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-08-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM Systems and Exteria to develop Tyumen Oil Company e-Marketplace</title>
      <description>Moscow, Russia, May 15, 2002 - The Tyumen Oil Company has selected EPAM Systems and Exteria to help it improve market transparency and enhance its ability to deliver oil products to customers by implementing a major oil and gas e-Marketplace by end-of-year 2002. The new e-Marketplace represents another phase in the evolution of the TOC enterprise technology environment. When completed, the system will automate the whole range of the TOC's business-processes from production to sale. </description>
      <link>http://www.epam.com/aboutus-pr-05152002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-05-15T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>EPAM receives ISO 9001 Certification</title>
      <description>Princeton, NJ - March, 2002 - EPAM, the provider of cost-effective solutions to Fortune 2000 &amp; Blue Chip companies worldwide, has recently won ISO 9001 certification for its software development center in Minsk, Belarus. The certificate confirms that EPAM's internal quality management system complies with ISO 9001:2000 requirements. Adopted in 1987 by the International Organization for Standardization in Geneva, Switzerland, the ISO quality system was developed in order to establish an internationally recognized standard of quality. It examines all processes of a product development lifecycle including: design, development, and technical support </description>
      <link>http://www.epam.com/aboutus-pr-03312002.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-03-31T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>IntelliCorp signs Development Services Agreement with EPAM to supplement internal software development resources</title>
      <description>MOUNTAIN VIEW, Calif. - February 28, 2002 - IntelliCorp, Inc. [NASDAQ: INAI], a leading provider of business process optimization solutions, today announced a signed development services partnership agreement with EPAM to supplement IntelliCorp's internal software development resources. The partnership will help ensure that IntelliCorp's software solutions continue to meet goals of quality, reduced time-to-market, and customer need. </description>
      <link>http://www.epam.com/aboutus-pr-02282002-1.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2002-02-28T17:00:00.0000000+01:00</pubDate>
    </item>
    <item>
      <title>ServiceWare partners with EPAM Systems to expand product development and support capabilities</title>
      <description>OAKMONT, Pa - October 23, 2001 - ServiceWare Technologies, Inc. (Nasdaq: SVCW), a leading provider of enterprise solutions for service and support, today announced a strategic relationship with EPAM Systems (&lt;a href="http://www.epam.com" target="_blank"&gt;www.epam.com&lt;/a&gt;) to enhance product development capabilities. With this partnership, ServiceWare streamlines its operating costs and increases overall company viability without affecting its product roadmap or customer support. </description>
      <link>http://www.epam.com/aboutus-pr-10182001-1.htm</link>
      <author>EPAM Systems</author>
      <pubDate>2001-10-18T17:00:00.0000000+01:00</pubDate>
    </item>
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