EPAM Recognized as a Strong Performer in B2B Global Commerce Service Providers Report by Leading Independent Research Firm
(Thomson Reuters ONE) -
Newtown, PA - March 4, 2015 - EPAM (NYSE:EPAM) has been included as a strong
performer in "The Forrester Wave(TM): B2B Global Commerce Service Providers, Q1
2015" report. EPAM was included among the top 11 vendors that Forrester
evaluated for this report. The 77 evaluation criteria included scores for
current offering, strategy and market presence.
According to the Forrester report, Strong Performers, including EPAM "have an
opportunity to break through in the next few years and challenge Leader Global
Commerce Service Providers by doing B2B digital transformation work that goes
beyond either mostly technology transformation or customer experience work. The
report also states that "EPAM excels at product and project management, system
design and architecture, and testing services. EPAM's clients spoke at length
about the firm's commitment to partnership, repeatedly mentioning its
reliability and technical competence."
"EPAM's in-depth industry expertise in Financial Services, Retail and
Distribution, Travel and Hospitality, Media and Entertainment and Healthcare and
Life Sciences, combined with world-renowned technology leadership allows us to
address our clients' challenges by delivering integrated business and technology
solutions", said Arkadiy Dobkin, EPAM CEO and President. Mr. Dobkin continued,
"Being named a strong performer in this evaluation, as well as the inclusion as
a primary agile services player in the December, 2014 Forrester report: "Market
Overview: Agile Development Service Providers", validates, in our opinion, our
unique approach to our commerce go-to-market strategy and underscores our 20-
year commitment to the highest standards of product and solution engineering."
Following acquisitions of Empathy Lab in 2012 and Great Fridays in 2014, EPAM's
core capabilities in product development have been extended to include a robust
set of digital and design services. This integration has created an opportunity
to bring an enhanced value proposition to customers in the B2B sphere and
provides a level of partnership with customers that clearly stands out as a key
strength in the report.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) is recognized as a leader
in software product development by independent research agencies. Headquartered
in the United States, EPAM serves clients worldwide utilizing its award-winning
global delivery platform and its locations in 19 countries across North America,
Europe, Asia and Australia. EPAM was ranked #6 in 2013 America's 25 Fastest-
Growing Tech Companies and #3 in 2014 America's Best Small Companies lists by
Forbes Magazine.
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.
Investor Relations:
EPAM Systems, Inc.
Anthony J. Conte, Chief Financial Officer
Phone: +1-267-759-9000 x64588
Fax: +1-267-759-8989
E-mail: investor_relations(at)epam.com
Media Contacts:
EPAM Systems, Inc.
Phone: +1-267-759-9000
E-mail: prinquiry(at)epam.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
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