EPAM singled out as the Top Technology Practitioner of Business Intelligence Software on the VARBusiness 500 list of North America`s largest IT solution providers, integrators and services companies

The VARBusiness 500 companies were selected based on 2006fiscal year revenue generated by the sale of IT goods (software and hardware),software licensing, custom software sales, as well as professional services andmanaged services with the combined annual revenue making up $344 billion. Thefinancial data of the reviewed companies was vetted and cross-checked againstindependent sources, including Hoovers and Dun & Bradstreet.

For the first time in its 12-year history the 2007 VARBusiness 500 has welcomed arecord number of newcomers  113. Ranked 281 for its first year on the list, EPAMhas also been included in the 50 Fastest-Growing 2007 VARBusiness 500 Companies,demonstrating rapid growth with a 2005 to 2006 revenue increase of 75.0%.

The VARBusiness 500 has been accompanied by a special research conducted among thecompanies, nearly 55 percent of which provided detailed account of their technologyfocus, peer and vendor partnerships, growth opportunities, staffing trends, andvertical specializations.

"Current technology and market drivers are resulting in exponential increases in thevolume of data that corporations need to leverage to their advantage. It is evermore critical that these organizations have timely and effective means to store,manage, and report on this data, so it can truly be used as "Business Intelligence,"noted Arkadiy Dobkin, EPAM CEO and President. "This award is a further testament toEPAM's BI and KM capabilities that deliver tangible results to many clients acrossNorth America and Europe. We are proud to be recognized among top services providersin this area."

About VARBusiness

For the past 20 years, VARBusiness' strategic resources have been the gateway to thecommercial and public sector (or government) Solution Provider community. TheVARBusiness integrated platform of media opportunities provides strategic insightfor technology integrators through industry-defining research, in-depth editorial,channel events and innovative Web services, enabling these IT professionals to makeeducated decisions for their businesses, partnerships and customers. VARBusinessofferings lead vendors and distributors to unprecedented access to the most powerfulstrategic Solution Providers in the market. VARBusiness has been the recipient ofnumerous industry awards for both editorial content and design. www.varbusiness.com

About EPAM Systems

Founded in 1993, EPAM Systems is independently recognized as a global serviceprovider that demonstrates leadership, innovation and outstanding performance insoftware development outsourcing. In 2006 EPAM was selected No.1 of "Top 10 ITOOffshore: Eastern/Central Europe" and No.3 of the global "Top 10 ITO: SpecialtyApplication Development" within the "Top 50 Best Managed Outsourcing Vendors" study.In April 2007, EPAM was rated the top Eastern European ITO service provider within"The 2007 Global Outsourcing 100" and included in the Leaders category as the onlyregional IT outsourcer.

The company possesses the largest resource pool in Central and Eastern Europe andboasts the strongest onsite presence in the US and EU: its offshore softwaredevelopment centers located across Russia, Hungary, Belarus, and Ukraine work insynergy with the client facing support and delivery operations in US, UK andGermany.

EPAM's customer base includes industry leaders such as Reuters, London StockExchange, Colgate-Palmolive, British Telecom, William Hill, Empire and CareFirstBlueCross BlueShield, Schlumberger and Halliburton and technology leaders such asSAP, BEA Systems, Microsoft, and Hyperion. www.epam.com

Source: Express-Press-Release.com

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