EPAM Systems named Private Company of the Year

Lawrenceville, NJ - 15 November 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 the 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."

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