EPAM Recognized as a Global R&D and Product Development Services Leader for Enterprise and Consumer Software Markets
(Thomson Reuters ONE) -
Newtown, PA - August 13, 2012 - EPAM Systems, Inc. (NYSE: EPAM), a global
software engineering and IT Outsourcing (ITO) provider with development centers
across Central and Eastern Europe (CEE), was recognized among the Top 10 Market
Leaders in Industry Verticals by Zinnov's "Global R&D Service Providers Rating
(GSPR) 2012". GSPR 2012 is an annual study by Zinnov, a leading Globalization
and Market Expansion Advisory firm, which delivers a comprehensive analysis of
the service provider landscape in the Electronic Research & Development and
Professional Engineering Services (ER&D/PES) space.
EPAM was named as one of the three best companies in the Independent Software
Vendor (ISV) Enterprise Software and Consumer Software categories, confirming
its capability of implementing a go-to-market concept for software products,
introducing strategic innovations for its customers, and working with the
world's largest ISVs.
"We appreciate that Zinnov's GSPR 2012, recognizes EPAM's excellence in
delivering services for the major industry verticals, such as ISV and Consumer
Software. The leadership in the ISV sector demonstrates that EPAM is one of the
most qualified solution partners that can undertake the most challenging
projects," says Arkadiy Dobkin, EPAM's CEO and President. "Almost twenty years
ago EPAM started as a software product development specialist for the ISV
industry and has made significant progress since then. We continue to invest in
what is one-third of the total ER&D/PES market, but we are also able to leverage
that expertise in building mission-critical enterprise applications for clients
in the Banking and Finance, Travel, Retail, and Media markets. Clients in these
and other industries now benefit from EPAM's ability to build complex software
for the most demanding customers," adds Arkadiy Dobkin.
The high position in the overall rating demonstrates that EPAM has a well-
established competency in vertical markets, an ability to deliver a broad range
of services, and a deep expertise and high scalability in providing services.
EPAM Systems is the only company with software development centers in Central
and Eastern Europe (CEE) that has made it to the top 10 of Global R&D Service
Providers Rating 2012.
About The Global R&D Service Providers Rating
The Global R&D Service Providers (GSPR) Rating 2012 is an annual study
undertaken by Zinnov to assist business leaders in spearheading global
engineering initiatives and enable them to make the right decisions in partner
selection across geographies. Zinnov is a leading management consulting firm in
India with a focus on helping its customer globalize their R&D / Product
Engineering activities.
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 7,700
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.
For more information, please visit www.epam.com
Forward-Looking Statements
This press release includes statements which may constitute forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, the accuracy of which are necessarily subject to
risks, uncertainties, and assumptions as to future events that may not prove to
be accurate. Factors that could cause actual results to differ materially from
those expressed or implied include general economic conditions and the factors
discussed in our most recent Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission. EPAM undertakes no obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as may be required under
applicable securities law.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EPAM Systems, Inc. via Thomson Reuters ONE
[HUG#1633828]
Unternehmensinformation / Kurzprofil:
Datum: 14.08.2012 - 16:42 Uhr
Sprache: Deutsch
News-ID 174557
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