EPAM Systems

EPAM Systems, Inc. (NYSE: EPAM), also known as EPAM, is a global provider of software engineering and IT consulting services headquartered in Newtown, PA, USA. The company has software development centers and branch offices in North America, Europe, Asia and Australia.

History

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 14,109 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.

In 2012, EPAM acquired Empathy Lab, a Conshohocken-based digital strategy and omni-channel UXD company, and Thoughtcorp, an IT consultancy and software engineering firm from Toronto, Canada.

In 2014, EPAM acquired Netsoft USA, a New York-based healthcare technology consulting firm, Jointech, a Hong Kong-based strategic technology services provider,Great Fridays, a Manchester, UK-based product and service design group, and GGA Software Services, a US-based provider of scientific informatics services.

EPAM

EPAM (Elementary Perceiver and Memorizer) is a psychological theory of learning and memory implemented as a computer program. Originally designed by Herbert A. Simon and Edward Feigenbaum to simulate phenomena in verbal learning, it has been later adapted to account for data on the psychology of expertise and concept formation. It was influential in formalizing the concept of a chunk. In EPAM, learning consists in the growth of a discrimination net.

Related cognitive models

References