EPAM Awarded ISAE 3402 Type 2 Certification for All Major Development Centers Worldwide
March 02 2017 - 10:00AM
Company's 10th Consecutive Year of Leading the
Region with Effective Compliance and Control Strategy
NEWTOWN, Pa., March 02, 2017 (GLOBE NEWSWIRE) --
EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of
product development and software engineering solutions, today
announced that its development centers in Belarus, Bulgaria, China,
Czech Republic, Hungary, Kazakhstan, Poland, Russia, and Ukraine
have been successfully reassessed for the International Standard on
Assurance Engagements (ISAE) 3402 Type 2 certification. This
certification demonstrates proof of a sustained, effective global
control mechanism. The assurance report, issued by Deloitte
Auditing and Consulting Ltd, was the result of a comprehensive,
four-month audit and included controls over information security,
resource strategy and planning, information systems operations,
database and application systems implementation and maintenance,
and software and hardware support.
The ISAE 3402 Type 2 (formerly SAS 70 Type II) was
designed specifically to address customer's requirements that
service organizations demonstrate that they have adequate internal
control systems to protect data and sensitive information belonging
to the customers.
"These standards deliver transparency to our
customers, helping strengthen their trust in EPAM, giving us a true
competitive advantage. We believe we are the only service provider
with multiple delivery centers, across nine countries, that are
ISAE 3402 Type 2 certified, which means that we are compliant with
the most rigorous standards set for a service organization's
internal controls," said Yuriy Goliyad, Head of Global Operations,
EPAM. "Our successful completion of this audit report, for the 10th
consecutive year, demonstrates our continued commitment to
protecting our customer's sensitive data through the operational
excellence of our delivery centers."
In today's global economy, customers need to know
that any service provider they work with has sufficient controls
and safeguards in place. Successful completion of the ISAE 3402
Type 2 audit can help distinguish providers as the report assures
customers that the certified service organization has appropriate
controls in place.
"This certification, along with our ISO
27001:2013, CMMI, SOX and ISO 9001, is further evidence of our
continued investment in ensuring our customer's security. This is
part of our very robust controls and compliance program, which
we've invested in from day one, to build transparency and
aggressively decrease risk for our customers engaged in strategic
delivery programs," continued Goliyad.
The ISAE 3402 Type 2 is widely recognized and
represents that a service organization has successfully undergone
an in-depth audit of their internal controls. It was developed by
the American Institute of Certified Public Accountants (AICPA) to
provide an international assurance standard on the controls at a
service organization that are likely to impact or be part of the
user organization's system of internal control over financial
reporting.
View the full list of EPAM's Audit
Certifications here.
About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE:EPAM), has leveraged its core
engineering expertise to become a leading global product
development and digital platform engineering services company.
Through its 'Engineering DNA' and innovative strategy, consulting,
and design capabilities, EPAM works in collaboration with its
customers to deliver innovative solutions that turn complex
business challenges into real business opportunities. EPAM's global
teams serve customers in over 25 countries across North America,
Europe, Asia and Australia. EPAM is a recognized market leader
among independent research agencies and was ranked #8
in FORBES 25 Fastest Growing Public Tech Companies, as a top
information technology services company on FORTUNE'S 100
Fastest Growing Companies, and as a top UK Digital Design
& Build Agency. Learn more
at http://www.epam.com/ and follow us on
Twitter @EPAMSYSTEMS and LinkedIn.
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: Danielle Ruess-Saltz
M: 267.978.7688
danielle_ruess-saltz@epam.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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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