IAOP also recognizes EPAM's deep specialization by key verticals in multiple sub-lists Newtown,  EPAM Systems, Inc., the leading software engineering and IT Outsourcing (ITO) provider with delivery centers in Central and Eastern Europe (CEE), has reconfirmed its leadership position within the region by being ranked highest among CEE's ITO firms in the fourth annual listing of "Global Outsourcing 100", an independently-judged, opt-in ranking of the world's best outsourcing service providers, compiled by the International Association of Outsourcing Professionals (IAOP).

Ranked #51 and positioned among the global leaders (the companies with more than U.S. $50 million in revenue for their most recent fiscal year or more than 5,000 employees), EPAM has scored high in the eight critical areas of competency. In addition to the overall recognition, IAOP's panel of judges have specifically acknowledged the company's level of expertise in a number of verticals, including EPAM in the "Best 10 Leaders by Industry Focus: Entertainment and Media" sub-list, as well as "Best 20 Leaders by Industry Focus: Financial Services" and "Best 20 Leaders by Industry Focus: Technology".

The "Global Outsourcing 100" and its sub-lists have been essential references for companies seeking new and expanded relationships with the best service providers in the industry. The 2009 evaluation team, comprised of IAOP member professionals, assessed the applicants by four key criteria: Size and Growth, Customer Satisfaction, Depth of Competence, and Management Capabilities. The companies' rankings were unveiled in the special outsourcing advertising section of FORTUNE® magazine.

"We are very pleased that EPAM's expertise in software engineering and its top leadership position among the number of strong vendors delivering ITO services globally from their Central and Eastern European development centers continue to be recognized by multiple independent authorities year after year. It is even more rewarding now for EPAM that the CEE region and Russia are clearly accepted as one of the key ITO destinations by both large corporate clients and leading industry analysts," stated Arkadiy Dobkin, President and CEO of EPAM Systems.