Thursday, June 13, 2013

EPAMEPAM Systems, Inc., a leading provider of complex software engineering solutions and the leader in Central and Eastern European IT service delivery, has announced that it was named to the annual Forbes list of America’s 25 Fastest-Growing Tech Companies.

“The list is a pretty good leading indicator of market outperformance,” reports Forbes in the story, which will be featured in the June 24, 2013 print edition of Forbes magazine.

“We combed more than 2,100 publicly traded technology companies, looking for profitable companies with minimum revenue of $150 million and a minimum market value of $500 million. We then looked for firms with sales growth of at least 10% for each of the past three fiscal years and over the latest 12 months. We also required companies to have three-to-five-year estimated earnings-per-share growth rates greater than 10%. Finally, we ranked companies based on their three-year average sales growth rates,” the article continued.

“For 20 years EPAM has been helping clients shape the future of their technology-driven businesses by providing complex software engineering services and solutions to the most demanding global brands,” said Arkadiy Dobkin, EPAM CEO and Chairman. “Being included in the Fast 25 Tech list along with great technology companies such as Google, Linkedin, Apple, Facebook, and Cognizant is a recognition of our efforts and the quality of our services.  We congratulate all 24 highlighted companies and are very proud to see several EPAM clients among them”.

In addition to inclusion on the Forbes list, EPAM also received a Duke’s Choice Award at JavaOne Russia 2013. At the event, Oracle recognized companies for their innovative projects and significant contribution to the Java community. The Award winners were announced on April 23 as part of the regional JavaOne conference series in Moscow.

EPAM was recognized with the award for developing a universal adaptor to connect banking information systems with Enterprise Service Bus (ESB), which resulted in significant time and costs reduction. The Duke’s Choice Award also highlighted the important role of Java technologies at EPAM and the company’s efforts to promote them in Russia. Currently, EPAM Systems runs a Java Competency Center with over 2,500 specialists involved in clients’ projects in North America, Europe, Russia, and the CIS countries. EPAM also has six Java training centers in Russia with more than 150 graduates annually.

“We were thrilled to announce the Duke’s Choice Awards in Russia to recognize the technical innovation and contributions that the Russian Java community has made,” said Peter Utzschneider, vice president of product management, Oracle. “EPAM is a great supporter of Java and this award recognizes the company’s efforts in promoting Java technologies in Russia and developing their innovative, Java-based adaptor for connecting banking information systems.”

The Duke’s Choice Awards were founded by Oracle in 2003. The Awards aim to recognize innovative Java solutions and developers’ achievements. 2013 marks the introduction of the Duke’s Choice Awards to Russia. The nominations were open for every developer who made a significant contribution to promoting Java technologies and the jury consisted of members of the Russian Java community.

“In Russia, Java technologies are becoming more popular among IT specialists and growing companies,” said Sam Rehman, Chief Technology Officer, EPAM Systems. “It’s not surprising, since Java can be effectively used for mobile and cloud development, online solutions — e-commerce systems, online banking, etc., and development of corporate applications built on SAP, Oracle, and a lot more. All these areas are key drivers of growth in the IT market. With this in mind, we are very pleased to receive support and recognition from Oracle and the Russian Java community.”

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