Released on: October 16, 2008, 5:29 am

Press Release Author: EPAM Systems

Industry: Software

Press Release Summary: Continuing its global growth, EPAM is strengthening its
commitment to local markets in Europe by opening its first operation in Sweden and
appointing Stephen Bannister as Vice President Delivery, Nordics

Press Release Body: Princeton, NJ - Stockholm, Sweden - 14 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.

EPAM is pleased to announce the appointment of Stephen Bannister, as Vice President
of Delivery for EPAM Systems Nordic AB. Stephen will be initially focusing on
establishing the Nordic management and delivery team for our Software Development,
Maintenance and Support, BI, Capital Markets, Enterprise Integration and QA-Testing
practices as well as the establishment of other offices in the region.

Stephen Bannister brings 26 years of international experience, 22 of which have been
in Sweden. Stephen comes most recently from Lawson where he was responsible for the
consulting organization in Sweden. Prior to that, Stephen had a global
responsibility within the Oracle Global Support organization and held consulting
management roles at Netscape, SUN, Informix, and ICL.

"The adoption of Offshore and NearShore services is growing in Scandinavia,
providing excellent timing to leverage EPAM's maturity and deep experience as the
leading Central and Eastern European service provider. Adding a solid Scandinavian
presence of domain consultants, technical engagement leaders, and project managers,
reflects EPAM's balanced approach to NearShore service delivery. Several members of
EPAM's senior management team have lived and worked in Sweden for many years, as
have a handful of our senior NearShore delivery leaders - so EPAM knows the culture,
the processes, and the language and believe that this model will provide the ideal
alternative to distant Offshoring and providers heavily biased towards onshore
services," stated Karl Robb, Executive Vice President of EPAM Systems, Inc., and
President of EPAM Europe. "EPAM is a people company. Stephen is someone with whom I
worked at ICL in Belgium and in Sweden for 4 years and who was later a happy
customer of EPAM while he was at SUN Microsystems in Stockholm. I know him, trust
him, and I'm unquestionably confident in his abilities to successfully build EPAM's
operations in the Nordics." he added.


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 and serving clients worldwide, EPAM
provides software development and IT related services through its 5200 professionals
deployed across client delivery centers in Hungary, Belarus, Ukraine, and Russia.

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 ranked among the top companies in IAOP's "The 2008 Global Outsourcing 100"
and in "2007 Top 50 Best Managed Outsourcing Vendors" by Brown-Wilson Group's Black
Book of Outsourcing. Global Services Magazine recognized EPAM in its "2008 Global
Services 100" list as the No.1 company in the "Emerging European Markets" and
included EPAM into the global Top 10 "Best Performing IT Services Providers".

EPAM has successfully delivered projects to industry leaders such as Reuters, London
Stock Exchange, Renaissance Capital, Schlumberger, Colgate-Palmolive, SAS,
Coca-Cola, Colgate-Palmolive, British Telecom, Hotels.com, Expedia, Telenor Group,
CareFirst BlueCross BlueShield, Schlumberger, ScrewFix, AeroMexico, Siberian
Airways, and Halliburton, and technology leaders such as SAP, Microsoft, and Oracle
and BEA Systems.

For more information on EPAM Systems, Inc., please visit www.epam.com.

For further information, please contact: press@epam.com


Web Site: http://www.epam.com

Contact Details: Global Headquarters
US Client Support and Delivery Center
EPAM Systems
Princeton Pike Corporate Center
989 Lenox Dr., Suite 305
Lawrenceville, NJ 08648
Phone: +1-609-844-0400
Fax: +1-609-844-0415