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 Company: EPAM Systems, Lawrenceville, New Jersey
Company Description: EPAM is the largest software engineering company with development centers in Central and Eastern Europe (Russia, Hungary, Belarus, and Ukraine). Founded in 1993, EPAM is a private US corporation with Customers in 30+ countries. EPAM’s Global HQ is located in Lawrenceville, NJ, with additional offices in Boston, Minneapolis, and locations in London, UK, and Frankfurt, Germany.
Nomination Category: MIS & IT Categories
Nomination Sub Category: Best MIS & IT Organization
Nomination Title: EPAM Systems
1. Tell the story about what this nominated organization/department achieved in the past year (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
EPAM Overview
EPAM Systems is independently recognized as a global service provider that
demonstrates leadership, innovation and outstanding performance in software
development outsourcing.
EPAM's customer base includes industry leaders such as Reuters, London Stock
Exchange, Colgate-Palmolive, British Telecom, William Hill, Empire, CareFirst
BlueCross BlueShield, Schlumberger, Halliburton and technology leaders such as
SAP, BEA Systems, Microsoft, and Hyperion.
Financial Performance
• In 2006 EPAM's organic growth made up 62,4%, the overall growth (including
the revenue from the acquisition of VDI, one of the Top 5 Russian Software
Outsourcing vendors) was up 99,2% vs. EPAM's 2005 revenue;
• In 2006 EBITDA exceeded 20%, which is in line with the rate of leading
Indian ITO companies;
Staff Expansion
• EPAM headcount crossed the 2500 mark;
• In 2006 EPAM expanded its workforce organically more than 52%;
• The combined workforce of EPAM and VDI was up 78%;
Obstacles Overcome
• After the acquisition of VDI EPAM faced a number of issues on how to
integrate VDI’s infrastructure into its own and at the same time how to
mitigate the security risks, which were solved successfully.
• EPAM’s rapid organic and non-organic growth could have led to quality fall-
off, as the new employees needed to be trained, adapted to the working
environment, etc. However EPAM endeavored to maintain the same excellent
quality of the services, and succeeded. This is proved by a number of customer
satisfaction testimonials received in 2006 as well by the fact that several of
our Fortune 500 clients who also outsource to Indian companies, doubled EPAM
teams at the expense of their Indian providers.
Industry Recognition
• For the second consecutive year EPAM reaffirmed its status of the No.1 IT
Outsourcing company with software development centers in Central and Eastern
Europe on the "Global Services 100" rating of the world's leading ITO, BPO and
customer care service providers;
• EPAM achieved the highest rank among software engineering outsourcing
service providers with delivery centers in Central and Eastern Europe
(including Russia, Hungary, Belarus, and Ukraine) on the list of the
world's "Top 50 Best Managed Outsourcing Vendors" and was named No.1 of "Top 10
ITO Offshore: Eastern/Central Europe" and No.3 of the global "Top 10 ITO:
Specialty Application Development" within the Top 50 Best Managed Outsourcing
Vendors study;
• EPAM was selected to "The Global Outsourcing 100" by the International
Association of Outsourcing Professionals (IAOP);
• For the third consecutive year EPAM improved its position on the Software
500 listing of the world's foremost software and services companies;
• For the fifth consecutive year EPAM was listed by Deloitte on "Technology
Fast 500 for North America" for its year-on-year impressive growth rate;
• EPAM became the only software development company from Central and Eastern
Europe named a finalist of NOA's "IT Outsourcing Service Provider of the Year"
award category competing with LogicaCMG and Wipro Technologies, with the latter
winning the award;
• EPAM CEO Arkadiy Dobkin was named by Consulting Magazine one of "The Top 25
Consultants of the Year 2006".
2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
http://www.epam.com/news-and-events-awards-2006.htm
http://www.epam.com/aboutus-ar-bwcom-12-11-2006.htm
http://www.epam.com/aboutus-ar-itbe-12-05-2006.htm
http://www.epam.com/aboutus-ar-deal_architect-10-30-2006.htm
http://www.epam.com/aboutus-ar-global_services-10-24-2006.htm
http://www.epam.com/aboutus-ar-globalservices-09-25-2006.htm
http://www.epam.com/aboutus-ar-BBJ-09-25-2006.htm
http://www.epam.com/aboutus-pr-09192006.htm
3. Provide a brief (up to 100 words) biography about the leader(s) of the nominated organization/department:
Mr. Dobkin is CEO and President of EPAM Systems. Under Mr. Dobkin's leadership,
EPAM Systems has grown to be one of the world's leading software engineering
services firms.
Prior to founding EPAM Mr. Dobkin held thought and technical leadership
positions in Colgate and SAP.
Mr. Dobkin has been a speaker at various international industry and technology
events by Gartner, Forrester, etc.
In 2004 Arkadiy Dobkin was spotlighted as a key industry influencer in the
Foreign Relations category of CRN's "Top 25 Executives" issue.
In 2006 EPAM CEO was named to "Top 25 Most Influential Consultants" by
Consulting Magazine.
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