EPAM Systems Recognized in Newsweek's 2025 Excellence Index
EPAM Systems, Inc. (NYSE: EPAM), a leader in digital transformation services and product engineering, has recently been awarded a significantly prestigious title by Newsweek. The company has been ranked in the Top 5 for IT Services and IT Consulting on the 2025 Excellence 1000 Index, showcasing its commitment to excellence in various areas of its operations.
Understanding the Excellence 1000 Index
The Excellence 1000 Index is produced in partnership with the Best Practice Institute (BPI), a firm that specializes in leadership development and benchmark research. This index highlights 1000 outstanding companies that have exemplified superior performance in financial responsibility, stakeholder ratings, and social responsibility initiatives.
The Significance of the Ranking
According to Elaina Shekhter, SVP, Chief Marketing & Strategy Officer at EPAM, this recognition emphasizes the company's dedication to clients and its passionate pursuit of engineering and IT excellence. She expressed pride in their achievements and highlighted their role as trusted partners in delivering innovative solutions that address complex business challenges using advanced technologies, including AI and cloud solutions.
Methodology Behind the Index
The results of the Excellence 1000 Index stem from scrutinizing over half a million data points by the Best Practice Institute. A proprietary scoring system evaluates various factors such as financial practices, customer feedback, and ESG (Environmental, Social, and Governance) commitments to generate the final rankings.
Pivotal Criteria for Evaluation
The participating companies were assessed based on several key criteria, providing insight into their operational integrity and dedication:
- Employee Rating: Employees' perceptions of their employer based on sentiment analysis.
- Customer Rating: Clients' views on the company’s products, services, and ethical standards.
- ESG Risk Rating & Ethical Impact: Evaluation of a company's environmental, social, and governance practices.
- ISO Standards Adherence: Compliance with international quality and safety standards.
- R&D Spending: Investment in innovations and future capabilities.
- Global Compact Status: Alignment with the UN's principles regarding human rights and anti-corruption.
Acknowledging Sustainable Leadership
Nancy Cooper, Global Editor in Chief of Newsweek, pointed out that true corporate success now transcends just financial metrics. The Excellence 1000 Index celebrates organizations demonstrating ethical leadership and social responsibility while achieving strategic growth. Their commitment encourages a new, measurable standard for corporate excellence focused on meaningful progress and integrity.
Recognition for Workplaces and ESG Initiatives
EPAM Systems has recently been named a "Most Loved Workplace" by Newsweek, featuring in their list of Top 100 Most Loved Workplaces for four consecutive years. In addition, their ESG endeavors have garnered recognition from numerous international organizations, including the Inclusive Excellence Award and the SEAL Sustainable Excellence Award for 2024.
To further bolster its capabilities, the company made strategic acquisitions in 2024, including First Derivative, Neoris, and Vates, enhancing its AI-driven solutions and cloud services. These moves illustrate EPAM's commitment to remaining at the forefront of digital transformation and enhancing its service delivery worldwide.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) leverages its software engineering prowess to deliver top-notch digital engineering, cloud, and AI-enabled transformation services globally. The company emphasizes tackling transformation hurdles through an integrated strategy that combines its extensive experience with cutting-edge technology, ultimately improving clients' market adaptability and enhancing their digital investments.
Looking Ahead
EPAM is dedicated to using GenAI technology to make a substantial difference with AI orchestration, testing, and engineering solutions. They are committed to contributing positively to the communities they operate in, ensuring that their solutions enhance clients' competitiveness across various industries.
Frequently Asked Questions
What is the 2025 Excellence 1000 Index?
The 2025 Excellence 1000 Index lists the top 1000 companies recognized for their best practices in financial responsibility, stakeholder ratings, and social responsibility.
How did EPAM rank in the Index?
EPAM was ranked in the Top 5 for IT Services and IT Consulting within the Excellence 1000 Index.
Who partnered to create the Excellence 1000 Index?
The index was created through a partnership between Newsweek and the Best Practice Institute.
What factors were considered for the ranking?
Factors included employee rating, customer rating, ESG risk rating, ISO compliance, R&D spending, and alignment with the UN’s principles.
How long has EPAM been recognized as a Most Loved Workplace?
EPAM has been recognized in Newsweek’s Top 100 Most Loved Workplaces for four consecutive years.
