EPAM Systems, Inc.: EPAM Brings eCommerce to Travel with New Travel Search
Engine for TUI Russia & CIS
Newtown, PA - July 8, 2014 - EPAM Systems, Inc. (NYSE:EPAM), a leading
provider of product development and software engineering solutions known for
its award-winning Central and Eastern European global delivery platform, has
delivered the TUI Fast travel search engine for TUI Russia & CIS. Unique to
the Russian market, the search engine primarily targets travel agencies, which
can access it at www.agent.tui.ru, and is also available for individual
customers at www.tui.ru. With TUI Fast, professional travel search becomes
more convenient: request processing time is reduced by 75%, zero result
searches are eliminated, and search result relevance is significantly
increased. Together with a simpler, more intuitive interface, this enables
broader capabilities for EPAM's partners.
EPAM has been collaborating since 2009 with VKO Club, later merged with TUI
Russia & CIS. EPAM first worked with TUI Russia & CIS on the www.tui.ru
portal, recognized as the largest website built on the Kentico CMS platform in
"In the travel industry, success is defined by how efficiently you work with
your partners. This is why it is crucially important for us to give travel
agencies, which form the foundation of our business, fast and convenient tools
for travel search. We continue to develop our relationship with EPAM Systems
as their technological and business competencies help us create cutting-edge
IT solutions for effective partnerships within Retail," said Ivor Vucelic,
Marketing and Sales Director, TUI Russia & CIS.
"EPAM Systems has a long and successful track record working with clients in
Travel, primarily with large international brands such as Hotels.com, Expedia,
Four Seasons, Intercontinental Hotels Group, and TUI. This experience gives us
the grounds to form a dedicated competency center, and one of its key
directions is development and implementation of e-Commerce systems for Travel.
Enhancing search tools for TUI Russia & CIS is more than optimizing
technologies: it positively impacts conversion of agents' requests into actual
tour sales," says Artak Oganesyan, Director, Business Development, EPAM
The search engine's functionality includes an aggregated price comparison for
chosen dates by country, region, city, and vacation type; search within any
time range, with flights on particular weekdays, and within a particular
budget by selected country, resort, hotel, etc. In search results, travel
tours are combined automatically by hotel, which enables simpler and faster
comparison of tour prices by various accommodation types within a single hotel
or a range of selected hotels. Search results can be easily filtered by
parameters such as hotel facilities (Wi-Fi, ocean view, etc.), vacation type
or concept, and more.
About TUI Russia & CIS
TUI Russia & CIS is a joint venture created by TUI Travel PLC, a European
leader in the tourist industry, and the financial company S-Group Capital
Management, a part of the holding company under the leadership of Alexey
Mordashov, CEO and chief shareholder of Severstal Group. The company works
with massive tourist destinations and serves more than 800 thousand people
TUI Travel PLC is one of the most profitable tour operators in the world, with
40 years of experience in travel business. In 2013, its operating profit was
£589 million. The company invests actively into new businesses, transfers
knowledge and expertise to its units. The financial stability of TUI Russia &
CIS is guaranteed by its shareholders' financial stability and its employees'
high professionalism. For more information, please visit www.tui.ru.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) is recognized as a leader
in software product development by independent research agencies.
Headquartered in the United States, EPAM employs over 9,800 IT professionals
and serves clients worldwide utilizing its award-winning Central and Eastern
European global delivery platform and its locations in 17 countries across 4
continents. In 2013, EPAM was ranked by Forbes as #6 among America's 25
Fastest-Growing Tech Companies and #2 on the list of America's Best Small
Companies: 20 Fast-Growing Tech Stars. For more information, please visit
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.
EPAM Systems, Inc.
Alex Lyashok, Head of Global Operations
Phone: +1-267-759-9000 x56669
EPAM Systems, Inc.
Anthony J. Conte, Chief Financial Officer
Phone: +1-267-759-9000 x64588
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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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