EPAM Systems Ranked #2 on Forbes' List of America's 20 Fast-Growing Tech Stars

(PresseBox) ( Newtown, PA, )
EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, announced that it has been named #2 on the list of America's Best Small Companies: 20 Fast-Growing Tech Stars released by Forbes on October 9, 2013.

Forbes' annual list of America's Best Small Public Companies highlights the 100 best-performing public companies with sales below $1 billion ranked according to their stock performance; return on equity; sales growth; and earnings growth over the past year and over five years. Based on the ranking, Forbes sub-divided the listed companies into the fastest-growing "tech stars," where EPAM is the highest ranked Information Technology company, with $493 million in sales for the latest 12 months. Named to Forbes' list of America's 25 fastest-growing tech companies earlier this year, EPAM reassures its status as one of the most rapidly developing software engineering and IT consulting companies in America.

"The last five years have been a traumatic one for American businesses," says Forbes' Kurt Badenhausen in the story. "But the most nimble companies have thrived during this time, and they span all sectors of the economy from aerospace to auto parts to retail. The companies that met the challenge qualified for Forbes' 35th annual list of America's Best Small Companies."

"Since its founding in 1993, EPAM has always focused on engineering excellence. Initially our primary client base was within the commercial software space including such leaders as SAP, Microsoft, Hyperion and ATG. That historical dedication to excel in helping to develop enterprise software, and our ability to attract and retain elite technology talent, has been engrained in EPAM's DNA. Today, when non-traditional tech driven industries have to adapt quickly and rely heavily on cutting-edge technologies, EPAM becomes a natural choice," says Arkadiy Dobkin, CEO and President, EPAM Systems. "Behind all the finance indicators and performance results, EPAM's success story is ultimately made possible by our customers' trust and satisfaction, as well as by the exceptional, tireless dedication and pursuit of excellence of our staff."

The complete list of America's 100 Best Small Companies can be found here.

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.
The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material.
The use of information published here for personal information and editorial processing is generally free of charge. Please clarify any copyright issues with the stated publisher before further use. In the event of publication, please send a specimen copy to service@pressebox.de.