EPAM Joins OpenTravel Alliance to Contribute to Travel Industry Standards

Newtown, PA (PressExposure) July 20, 2012 -- EPAM Travel Competency Center will collaborate with OpenTravel's leadership and members to evolve the current specification framework with contributions in the area of Loyalty and Rewards. EPAM's background in delivering complex solutions for the leading corporations in Travel and Hospitality has positioned EPAM as a trusted development and integration partner to this industry.

"By joining the OpenTravel Alliance, we hope to contribute our own expertise in the industry and in doing so help our customers achieve more streamlined data exchange with their suppliers and partners," said Elaina Shekhter, Head of EPAM's Travel Competency Center. "Given the fast pace of change in the industry and the need for even greater systems interoperability, open standards are now more critical than ever before."

"We welcome EPAM to the OpenTravel as a new member, and look forward to their contribution as a partner with deep technical and domain experience," said Valyn Perini, CEO, OpenTravel Alliance. "EPAM's Loyalty and Rewards expertise is a very welcome input to OpenTravel's specification development initiative."

About OpenTravel Alliance

OpenTravel's mission is to engineer specifications that make data transmission flow smoothly throughout travel, tourism and hospitality. OpenTravel creates, expands and drives adoption of open universal data specifications, including but not limited to the use of XML, for the electronic exchange of business information among all sectors of the travel industry. With a diversified membership representing influential names in all sectors of the travel industry, OpenTravel is comprised of representatives from airlines, car rental firms, hotels, cruise lines, leisure suppliers, service providers, tour operators, travel agencies, and trade associations. Thousands of OpenTravel message structures are in use, carrying tens of millions of messages between trading partners every day.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE:EPAM) is a leading global software engineering and IT consulting provider with delivery centers throughout Central and Eastern Europe. Headquartered in the United States, EPAM employs over 7,300 IT professionals and provides services to clients worldwide using a global delivery model through its client facing and delivery operations in the United States, Belarus, Hungary, Russia, Ukraine, UK, Germany, Kazakhstan, Sweden, Switzerland, Poland, and Canada.

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 Forbes Global 2000 corporations.

EPAM is recognized among the top companies in IAOP's "The 2012 Global Outsourcing 100", featuring EPAM in a variety of sub-lists, including "Leaders - Technology (Hardware & Software)" and "Leaders - Entertainment & Media". The company is also ranked among the best global service providers on "The 2011 Global Services 100" by Global Services Magazine and NeoAdvisory, which includes EPAM in the list of the world's "Top Outsourced Product Engineering Vendors" for the 3rd year running.

For more information, visit http://www.epam.com

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.

About EPAM Systems

press@epam.com

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Press Release Submitted On: July 20, 2012 at 11:07 am
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