As an 'Exceptional Performer' across multiple
categories, EPAM sets itself apart as a leading provider in
the European IT sourcing market
NEWTOWN,
Pa., Feb. 5, 2025 /PRNewswire/ -- EPAM Systems,
Inc. (NYSE: EPAM), a leading digital transformation services
and product engineering company, today announced it has been
named the Top IT Vendor in Europe,
earning 'exceptional performer' status across multiple
categories by Whitelane Research, an independent organization
focused on IT sourcing research across Europe.
"We are pleased to be recognized as a leading IT vendor in
Europe for the second consecutive
year by Whitelane Research," said Balazs
Fejes, President of Global Business & Chief Revenue
Officer at EPAM. "Our consistently exceptional performance across
multiple categories is a testament to our unwavering commitment to
our clients, empowering them to thrive as adaptive enterprises
while fostering innovation throughout Europe and globally."
In Whitelane Research's 2024/2025 IT Sourcing Study Europe,
nearly 2,300 participants of the top IT spending organizations in
Europe evaluated more than 6,000
unique IT sourcing relationships based on key performance
indicators and by IT service tower, delivering one of the most
representative reports on the IT sourcing market in Europe. Survey respondents evaluated 34 IT
service providers across various performance categories, with EPAM
achieving the highest ratings in the following categories:
- Service Delivery Quality: [Ranked #1] EPAM
received a rating of 84%
- Application Services: EPAM was named as an
exceptional performer with a rating of 82%
- Account Management Quality: EPAM received a rating of
82%
- General Satisfaction: EPAM was named as an
exceptional performer with a rating of 81%
- Digital Transformation: EPAM named a strong
performer with a rating of 79%
- Transformative Innovation: [Ranked #1] EPAM
received a rating of 78%
"EPAM has delivered an exceptionally strong performance in our
2024/2025 IT Sourcing Study, cementing their status as one of the
top IT service providers in Europe," said Alex van
den Bergh, Head of Research, Europe at Whitelane Research. "Client feedback
highlights EPAM's robust capabilities in leading innovative change
through digital transformation technologies and application
services. Focusing on high-value and mission-critical work without
compromising on quality and speed not only addresses clients'
concerns but also showcases the consistent value for money EPAM
offers, a key factor in their sustained high levels of customer
satisfaction, service quality, and transformative innovation."
This recognition by Whitelane Research adds to EPAM's list of
positive performances in previous IT sourcing studies, including
Germany, Switzerland, the UK, Nordics, Netherlands and Europe 2024.
To see the full survey results,
visit: https://whitelane.com/europe-2024-2025/
About EPAM Systems
Since 1993, EPAM Systems, Inc.
(NYSE: EPAM) has used its software engineering expertise to become
a leading global provider of digital engineering, cloud and
AI-enabled transformation services, and a leading business and
experience consulting partner for global enterprises and ambitious
startups. We address our clients' transformation challenges by
focusing EPAM Continuum's integrated strategy, experience and
technology consulting with our 30+ years of engineering execution
to speed our clients' time to market and drive greater value from
their innovations and digital investments.
We make GenAI real with our AI LLM orchestration, testing and
engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™,
respectively.
We deliver globally but engage locally with our expert teams of
consultants, architects, designers and engineers, making the future
real for our clients, our partners, and our people around the
world. We believe the right solutions are the ones that improve
people's lives and fuel competitive advantage for our clients
across diverse industries. Our thinking comes to life in the
experiences, products and platforms we design and bring to
market.
Added to the S&P 500 and the Forbes Global 2000 in 2021 and
recognized by Glassdoor and Newsweek as a Top 100 Best Workplace,
our multidisciplinary teams serve customers across six continents.
We are proud to be among the top 15 companies in Information
Technology Services in the Fortune 1000 and to be recognized as a
leader in the IDC MarketScapes for Worldwide Experience Build
Services, Worldwide Experience Design Services and Worldwide
Software Engineering Services.
Learn more at www.epam.com and follow us
on LinkedIn.
Forward-Looking Statements
This press release includes
estimates and 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.
Our estimates and forward-looking statements are mainly based on
our current expectations and estimates of future events and trends,
which affect or may affect our business and operations. These
statements may include words such as "may," "will," "should,"
"believe," "expect," "anticipate," "intend," "plan," "estimate" or
similar expressions. Those future events and trends may relate to,
among other things, developments relating to the war in
Ukraine and escalation of the war
in the surrounding region, political and civil unrest or military
action in the geographies where we conduct business and operate,
difficult conditions in global capital markets, foreign exchange
markets and the broader economy, and the effect that these events
may have on client demand and our revenues, operations, access to
capital, and profitability. Other factors that could cause actual
results to differ materially from those expressed or implied
include general economic conditions, the risk factors discussed in
the Company's most recent Annual Report on Form 10-K and the
factors discussed in the Company's Quarterly Reports on Form 10-Q,
particularly under the headings "Management's Discussion and
Analysis of Financial Condition and Results of Operations" and
"Risk Factors" and other filings with the Securities and Exchange
Commission. Although we believe that these estimates and
forward-looking statements are based upon reasonable assumptions,
they are subject to several risks and uncertainties and are made
based on information currently available to us. 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.
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