WASHINGTON, D.C. - EPAM SYSTEMS, a member of the U.S.-Ukraine Business Council (USUBC), has been named by Forbes magazine (June 24 issue), in its annual list of America's 25 Fastest-Growing Tech Company  as the 6th fastest growing tech-company in the USA.  EPAM's headquarters is in Pennsylvania.

EPAM was the only company named that is centered around Central and Eastern Europe.  EPAM Systems has over 3,000 staff in Ukraine and is growing faster in Ukraine than any other of their delivery center countries, Belarus Russia Hungary.  EPAM now has 10,000 staff in 12 countries.

Forbes says in their article "To identify firms that have proven and sustainable businesses with a pipeline of innovative ideas, FORBES created its list of America's Fastest Growing Tech Companies, now it its 11th year.  “The list is a pretty good leading indicator of market outperformance”, says Forbes in the story. "Finding growth stocks isn’t difficult. What’s difficult is finding growth stocks that don’t fade and are built to outpace their rivals."

“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.”

"We are particularly proud of this rating by Forbes and proud we are a major tech company with operations in Ukraine," said Karl Robb, President, EPAM Systems Europe, Executive Vice-President, EPAM Systems, Inc.

EPAM's stock is trading  between $25-26, 16 months after their IPO at $12.5 according to Morgan Williams, Director, Government Affairs, Washington office, SigmaBleyzer, who serves as President of the U.S.-Ukraine Business Council (USUBC).  USUBC is proud to include EPAM systems in its membership.

 EPAM was recognized by Oracle as “Business Impact Partner of the Year” for eCommerce http://www.epam.com/company/news-events/press-releases/2013/epam-receives-oracle-commerce-top-business-impact-award-2012.html.

The European Outsourcing Association, in its annual awards, recognized EPAM as the best practice, leader for its “Innovation Lab” project. That was created for long standing client Wolters Kluwer, at the 2013 European Outsourcing Association Awards and Best Practice Showcase.

LINK to the full list of top ranked tech companies. http://www.forbes.com/sites/tomiogeron/2013/06/05/americas-fastest-growing-tech-companies-2013/.
LINK:  http://www.epam.com/
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