EPAM Systems, Inc. (NYSE: EPAM), also known as EPAM, is a global provider of software engineering and IT consulting services headquartered in Newtown, PA, United States. The company has software development centers and branch offices in North America, Europe, Asia and Australia. The company was founded as EPAM by Belarus natives Arkadiy Dobkin in Princeton, NJ, and Leo Lozner in Minsk, Belarus in 1993 and incorporated as EPAM Systems on December 18, 2002. Since then, the company has grown to approximately 18,354 tech employees. On January 24, 2012, EPAM announced the launch of an IPO on the New York Stock Exchange under the ticker EPAM. This is the first IPO that comes from the outsourcing industry in Eastern Europe.