NEWTOWN,
Pa., Jan. 8, 2025 /PRNewswire/ -- EPAM Systems,
Inc. (NYSE: EPAM), a leading digital transformation services and
product engineering company, today announced it has been
recognized by Newsweek in its 2nd annual rankings for
the Excellence 1000 Index—ranking #754 overall and in the Top 5 for
IT Services and IT Consulting.
The 2025 Excellence 1000 Index is the result of a collaboration
between Newsweek and the Best Practice Institute (BPI), a
leadership development and benchmark research company. The
Excellence 1000 Index is a list of the top 1000 companies that have
demonstrated best practices in financial responsibility,
stakeholder ratings and social responsibility ratings.
"We are honored to be acknowledged among the world's most
esteemed organizations for our unwavering commitment to our
clients, employees, engineering & IT excellence, sustainability
and social responsibility," said Elaina Shekhter, SVP, Chief
Marketing & Strategy Officer at EPAM. "As a trusted
partner for clients globally, we are excited to continue delivering
innovative and transformative solutions to our clients' most
challenging problems through our robust capabilities in digital,
AI, GenAI, Data, cloud, and engineering to deliver business
value."
The results were determined after the Best Practice Institute
analyzed over half a million data points and created a proprietary
scoring system to measure everything from financial practices to
customer reviews, ESG commitments and more.
"Corporate success today goes beyond financial performance,"
said Nancy Cooper, Global Editor in
Chief of Newsweek. "The Excellence 1000 Index honors companies that
balance strategic growth with a deep commitment to ethics, social
responsibility, and sustainability. Together with our partner Best
Practice Institute, we are proud to recognize these organizations
redefining leadership in the corporate world."
Companies have been assessed on several pivotal criteria,
including:
- Employee Rating: How employees perceive their employer
through sentiment and emotion analysis.
- Customer Rating: How clients view the Company's
products, services and ethics.
- ESG Risk Rating & Ethical Impact: A deep dive
into a company's environmental, social, and governance
practices.
- ISO Standards Adherence: Compliance with
international quality and safety standards.
- R&D Spending: Investment in innovation and the
future.
- Global Compact Status: Alignment with the UN's
principles on human rights, labor, environment and
anti-corruption.
"In an era where narratives often overshadow facts, the 2025
Newsweek Excellence 1000 Index stands as a testament to the
importance of verified impact and ethical leadership," said
Louis Carter, CEO of Best Practice
Institute. "This year's honorees exemplify what it means
to prioritize innovation, sustainability, and stakeholder
value over tradition and superficial metrics. By recognizing
these trailblazers, we aim to inspire a new standard
for evaluating corporate success—one that values measurable
progress and integrity above all."
EPAM is considered a "Most Loved Workplace" by Newsweek,
appearing on their list of Top 100 Most Loved Workplaces for the
last four years. Additionally, the Company's ESG initiatives have
been recognized by many prominent global organizations, including
the 2024 Inclusive Excellence Award, 2024 SEAL Sustainable
Excellence Award and voted Top Most Loved Places for Volunteers®.
In 2024, EPAM invested in innovation and the future with the
acquisitions of First Derivative, Neoris, Odysseus Data Services
and Vates—increasing delivery capabilities, enhancing AI and
data-driven solutions and advancing cloud, engineering, testing and
digital services for global clients.
For the full list of the 2025 Excellence 1000 Index, please
visit here.
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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SOURCE EPAM Systems, Inc.
