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EPAM Partners With Concurrent Inc. to Leverage Big Data for the Enterprise


February 28, 2014 - London

Newtown, PA - February 28, 2014 - EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex software engineering solutions and a leader in Central and Eastern European IT service delivery, announced its partnership with Concurrent, Inc., the enterprise Big Data application platform company and developer of Cascading, the most widely used and deployed application platform for building, deploying and managing robust Big Data applications.

With more than 6 years of supporting large-scale Big Data initiatives for the enterprise, Cascading is a widely deployed platform for scalable Big Data applications that opens data assets to more users within an organization, including data scientists, analysts and engineers. Leveraged by EPAM, the Cascading framework will help companies enable faster time-to-market and deliver repeatable solutions based on a standard infrastructure and flexible support of all popular Hadoop distributions. With its deep expertise in software development and large number of talented engineers, data scientists and solution architects, EPAM is ideally positioned for helping its customers gain immediate value from their growing data assets.

"We rely on EPAM's extensive pool of software engineers and architects who are continuously trained to be experts in delivering Big Data solutions," says Gary Nakamura, CEO, Concurrent, Inc. "Together, Concurrent and EPAM will jointly contribute to our customers' success in Big Data projects with powerful resources."

"We recognize Concurrent's continuing innovation in Big Data and Data Science and the value their technology brings to the industry," states Sam Rehman, Chief Technology Officer, EPAM Systems. "Concurrent products are a great addition to the toolkit of EPAM engineers, enriching the data solutions we provide to our customers. Our clients often ask us for help in transitioning to the new technology stack, and Cascading simplifies that learning curve very effectively."

About Concurrent Inc.

Concurrent, Inc. delivers the #1 application development platform for Big Data applications. Concurrent builds application infrastructure products that are designed to help enterprises create, deploy, run and manage data applications at scale on Apache Hadoop(TM).

Concurrent is the team behind Cascading(TM), the most widely used and deployed technology for Big Data applications with more than 130,000+ user downloads a month. Used by thousands of businesses including Twitter, eBay, The Climate Corp and Etsy, Cascading is the de-facto standard in open source application infrastructure technology.

Concurrent is headquartered in San Francisco and online at http://concurrentinc.com.

About EPAM Systems

Established in 1993, EPAM Systems, Inc. (NYSE: EPAM), provides complex software engineering solutions through its award-winning Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs approximately 9,300 IT professionals and serves clients worldwide from its locations in the United States, Canada, UK, Switzerland, Germany, Sweden, Netherlands, Singapore, Belarus, Hungary, Russia, Ukraine, Kazakhstan, Poland, Hong Kong and Australia.

EPAM is ranked #2 on the 2013 Forbes list of America's Best Small Companies: 20 Fast-Growing Tech Stars and is recognized among the leaders in software product development services by Forrester and Zinnov analysts. The company is also included in the top 30 in IAOP's "The 2013 Global Outsourcing 100" list.

For more information, please visit 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.

Contact:
EPAM Systems, Inc.
Joseph King, Vice President of Marketing
Phone: +1-267-759-9000 x56790
Fax: +1-267-759-8989
prinquiry@epam.com





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EPAM Systems, Inc. via Globenewswire

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