Today in Philly Tech History 2/8/2012: EPAM Systems completes IPO

On February 8, 2012, Newtown-based systems integrator EPAM Systems completed its IPO. Although it had to cut back on its offering (to 6 million shares at $12 per share from a planned 7.4 million shares at $16-$18), the so-called "Cognizant of Eastern Europe" since most of its workforce is based there has done well, as its share price has risen to $21.49 giving EPAM a market value in excess of $900 million.