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Appian Corporation

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Appian Corporation
Company typePublic company
Industry
Founded1999; 25 years ago (1999)
Founders
  • Michael Beckley
  • Matt Calkins
  • Robert Kramer
  • Marc Wilson
Headquarters
McLean, Virginia
,
United States
Number of locations
15 (2017)
Area served
Worldwide
Key people
  • Matt Calkins (CEO)
  • Michael Beckley (CTO)
  • Robert Kramer (GM)
  • Marc Wilson (chief partner officer)
RevenueIncrease US$369 million (2021)
Decrease US$−84 million (2021)
Decrease US$−89 million (2021)
Total assetsDecrease US$505 million (2021)
Total equityDecrease US$234 million (2021)
Number of employees
1,798 (December 2021)
Websitewww.appian.com
Footnotes / references
[1][2]

Appian Corporation is a cloud computing and enterprise software company headquartered in McLean, Virginia, part of the Dulles Technology Corridor. The company sells a platform as a service (PaaS) for building enterprise software applications. It is focused on low-code development,[3] process mining,[4] business process management,[5] and case management[6] markets in North America, Europe, the Middle East, Saudi Arabia and Southeast Asia.[7]

History

Founding and early growth: 1999–2013

Appian was founded in 1999 by Michael Beckley, Robert Kramer, Marc Wilson and Matthew Calkins, who serves as CEO.[8][9]

In 2001, the company developed Army Knowledge Online, regarded at the time as “the world's largest intranet."[10]

In 2005, the company expanded into financial services and other private markets.[11] It became known for its low-code platform.[11]

In 2010, Appian Cloud was accredited with Federal Information Security Management Act (FISMA) low-level security by the U.S. Education Department. In 2013, it received FISMA Moderate Authorization and Accreditation from the General Services Administration (GSA).[12]

Secondary Investments and NASDAQ: 2014-2017

In 2014, the company received $37.5 million in secondary investments from New Enterprise Associates, which was paid out to shareholders.[13][14] In 2015, transportation company Ryder began using the Appian apps instead of paper processing during the checkout process and internally for truck maintenance records.[15][16]

On May 25, 2017, Appian became a publicly-traded company, trading as APPN on the NASDAQ Global Exchange.[17][18]

Process Mining and Artificial Intelligence: 2018- Present

In May 2019, it released Appian AI, enabling artificial intelligence capabilities on its platform.[19] On January 7, 2020, it announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA ) platform.[20] In March 2020, the company updated the platform's Artificial intelligence and robotic process automation capabilities.[21] In August 2021, Appian acquired the process mining company Lana Labs.[22]

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc.[23]

Services

Low-code automation platform

Appian offers a low-code automation platform with a visual interface and pre-built development modules.[24] As of August 2020, it was the only pure-play provider of low-code software on the stock market.[25] As with other low-code automation platforms, it enables businesses to create apps using little or no code.[24][26] The platform protects privacy and security with its HIPAA-compliant cloud.[27] The platform includes Appian AI and Appian RPA.[28][29]

Pre-built apps

Appian also sells pre-built frameworks. In late 2020, it launched apps to support businesses with COVID-19 concerns.[30][31] They track workforce health and safety during the COVID-19 pandemic, collecting information from employees and storing it in a HIPAA-compliant cloud,[32] help organizations reopen their offices, and helps banks manage Paycheck Protection Program loan applications, including AI-powered intelligent document processing.[30] Another app, created in partnership with the University of South Florida, helps educational campuses collect COVID-19 related data about individuals and coordinate health and safety guidelines in academic communities to plan for students returning to campus.[33] The firm also developed apps that facilitate return-to-work protocols,[30] and a framework for government organizations to manage acquisition processes,[34] institutional onboarding,[35] and intelligent document processing.[36]

See also

References

  1. ^ "Appian Form 10-K". U.S. Securities and Exchange Commission. 17 February 2022.
  2. ^ "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. 2019-05-31. Retrieved 2020-07-22.
  3. ^ Rymer, John (2017-10-12). "The Forrester Wave™: Low-Code Development Platforms For AD&D Pros, Q4 2017". Forrester Research. Retrieved 2018-05-29.
  4. ^ Murphy, Ian (2022-04-27). "Appian elevates process mining to a whole new level". Enterprise Times. Retrieved 2022-07-06.
  5. ^ Dunie, Rob (2017-10-24). "Magic Quadrant for Intelligent Business Process Management Suites". Gartner. Retrieved 2018-05-29.
  6. ^ Le Clair, Craig (2018-03-08). "The Forrester Wave™: Cloud-Based Dynamic Case Management, Q1 2018". Forrester Research. Retrieved 2018-05-29.
  7. ^ https://www.mpamag.com/us/specialty/technology/case-study-appians-low-code-process-automation-platform/402136
  8. ^ Medici, Andy. "This local tech founder is now richer than the Lerners". www.bizjournals.com. Archived from the original on 2021-02-02. Retrieved 2021-04-08.
  9. ^ Konrad, Alex. "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. Retrieved 2021-04-08.
  10. ^ Knapp, Louise (2001-11-15). "Army Intranet: World's Largest". Wired. Retrieved 2018-05-29.
  11. ^ a b "Case study: Appian's low-code process automation platform". www.mpamag.com. Retrieved 2022-07-21.
  12. ^ Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". GCN. Retrieved 2020-06-23.
  13. ^ "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. Retrieved 2020-07-22.
  14. ^ Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. Retrieved 2018-05-29.
  15. ^ "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. Retrieved 2020-07-22.
  16. ^ "Staying Ahead of COVID-19". Transport Topics. 2020-09-25. Retrieved 2021-02-19.
  17. ^ Balakrishnan, Anita (2017-05-25). "Appian shares soar more than 25% as the $75 million tech IPO hits the market". CNBC. Retrieved 2018-05-29.
  18. ^ Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. Retrieved 2018-05-29.
  19. ^ "Appian tackles AI integration concerns with "free and easy" plug-ins". Verdict. 14 May 2019. Retrieved 2020-06-23.
  20. ^ "Appian makes first-ever acquisition — and it's in a new field". Washington Business Journal. Archived from the original on 2020-08-06. Retrieved 2020-11-19.
  21. ^ "Appian Updates Low-Code Platform with RPA Capabilities". ITPro Today. Mar 15, 2020. Archived from the original on 2020-07-23. Retrieved Sep 7, 2020.
  22. ^ "Appian acquires process mining company Lana Labs". VentureBeat. 2021-08-05. Retrieved 2021-10-29.
  23. ^ Stempel, Jonathan (2022-05-10). "Appian soars after winning $2.04 bln verdict against Pegasystems". Reuters. Retrieved 2022-05-10.
  24. ^ a b "Appian's (APPN) Low-Code Automation Demand Drives Growth". finance.yahoo.com. Retrieved 2020-09-28.
  25. ^ Bowman, Jeremy (2020-08-10). "Appian Sees a Bright Future for Low-Code Software". The Motley Fool. Retrieved 2020-09-28.
  26. ^ Bridgwater, Adrian. "Appian Adds Google Cloud Intelligence To Low-Code Automation Mix". Forbes. Retrieved 2020-06-23.
  27. ^ Schwab, Katharine (2020-03-19). "This app lets you self-report COVID-19 symptoms to your company". Fast Company. Retrieved 2020-09-28.
  28. ^ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016". www.forrester.com. Retrieved 2017-06-07.
  29. ^ Murphy, Ian (2020-03-10). "Appian unveils integrated RPA solution -". Enterprise Times. Retrieved 2020-09-28.
  30. ^ a b c Bowman, Jeremy (12 May 2020). "Appian Sees Opportunities in the Fight Against COVID-19". The Motley Fool. Retrieved 2020-06-23.
  31. ^ "Why Appian Stock Dropped 10% in June". The Motley Fool. 2020-07-05. Retrieved 2020-07-22.
  32. ^ "Health-screening app helps employees return to work safely". ITPro. 2020-05-27. Retrieved 2020-07-22.
  33. ^ "U of South Florida Co-developing App for COVID-19-Safe Campus Returns". Campus Technology. 2020-06-22. Retrieved 2020-07-22.
  34. ^ Hanna, Tess (2020-07-10). "Appian Launches Acquisition Requirements Management Solution". Best BPM Tools, Vendors, Software and BPMS. Retrieved 2020-09-28.
  35. ^ "New Appian Solution for Financial Services Institutional Onboarding Improves Speed-to-market and Reduces Implementation Risks". AiThority. 2019-09-25. Retrieved 2020-09-28.
  36. ^ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016". www.forrester.com. Retrieved 2017-06-07.
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