Appian Corporation

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Appian Corporation
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
Just under 2,000[1]
Websitewww.appian.com
Footnotes / references
[2][3]

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,[4] process mining,[5] business process management,[6] and case management[7] markets in North America, Europe, the Middle East, Saudi Arabia and Southeast Asia.[8]

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.[9][10]

In 2001, the company developed Army Knowledge Online, regarded at the time as “the world's largest intranet."[11]

In 2005, the company expanded into financial services and other private markets.[12] It became known for its low-code platform.[12]

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).[13]

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.[14][15] In 2015, transportation company Ryder began using the Appian apps instead of paper processing during the checkout process and internally for truck maintenance records.[16][17]

In 2016, Vontobel, a global investment firm, started using Appian's Low-Code Platform to improve its business processes.[18]

On May 25, 2017, Appian became a publicly-traded company, trading as APPN on the NASDAQ Global Exchange.[19][20]

Process mining and artificial intelligence: 2018–present

In May 2019, Appian released Appian AI, enabling artificial intelligence capabilities on its platform.[21] In March 2020, the company updated the platform's Artificial intelligence and robotic process automation capabilities.[22] In 2021, the company was named a leader in Digital Process Automation software by Forrester.[23]

In 2022, Appian started highlighting the importance of low-code tools in improving environmental, social & corporate governance (ESG).[24] The company stressed that embedding these tools within operational processes makes it easier for companies to integrate ESG data sources, adapt to regulations, and remain in control of auditability.[25][26]

In February, the company secured provisional authorization from the Defense Information Systems Agency to allow its low-code platform-as-a-service “to handle Impact Level 5 controlled unclassified information and national security systems”.[27] This lets defense customers use Appian Government Cloud as well as the Appian Low-Code Platform.[28]

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc.[29]

Acquisitions

On January 7, 2020, Appian announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA) platform.[30]

In August 2021, Appian acquired the process mining company Lana Labs.[31] The company's applications help companies discover the work patterns being used within their organization by looking through system logs for common actions and sequences.[32]

Services

Low-code automation platform

Appian offers a low-code automation platform with a visual interface and pre-built development modules.[33] As of August 2020, it was the only pure-play provider of low-code software on the stock market.[34] As with other low-code automation platforms, it enables businesses to create apps using little or no code.[33][35] The platform protects privacy and security with its HIPAA-compliant cloud.[36] The platform includes Appian AI and Appian RPA.[37][38]

Process Mining

Process mining is the act of analyzing, improving, and monitoring business processes.[39] Appian uses process mining to identify any business inefficiencies, then uses low-code to draw a visual representation of a more efficient workflow, and follows up with a second round of process mining after implementation to make sure that the new process has solved the problem[40]

Pre-built apps

Appian also sells pre-built frameworks. In late 2020, it launched apps to support businesses with COVID-19 concerns.[41][42] They track workforce health and safety during the COVID-19 pandemic, collecting information from employees and storing it in a HIPAA-compliant cloud,[43] help organizations reopen their offices, and helps banks manage Paycheck Protection Program loan applications, including AI-powered intelligent document processing.[41] 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.[44] The firm also developed apps that facilitate return-to-work protocols,[41] and a framework for government organizations to manage acquisition processes,[45] institutional onboarding,[46] and intelligent document processing.[47]

Low-Code data (Data Fabric)

In 2021, Appian announced plans for a low-code data product.[48] It was completed in April 2022 and was named Data Fabric. It eliminated database code.

See also

References

  1. ^ https://www.mpamag.com/us/specialty/technology/case-study-appians-low-code-process-automation-platform/402136. {{cite web}}: Missing or empty |title= (help)
  2. ^ "Appian Form 10-K". U.S. Securities and Exchange Commission. 17 February 2022.
  3. ^ "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. 2019-05-31. Retrieved 2020-07-22.
  4. ^ Rymer, John (2017-10-12). "The Forrester Wave™: Low-Code Development Platforms For AD&D Pros, Q4 2017". Forrester Research. Retrieved 2018-05-29.
  5. ^ Murphy, Ian (2022-04-27). "Appian elevates process mining to a whole new level". Enterprise Times. Retrieved 2022-07-06.
  6. ^ Dunie, Rob (2017-10-24). "Magic Quadrant for Intelligent Business Process Management Suites". Gartner. Retrieved 2018-05-29.
  7. ^ Le Clair, Craig (2018-03-08). "The Forrester Wave™: Cloud-Based Dynamic Case Management, Q1 2018". Forrester Research. Retrieved 2018-05-29.
  8. ^ https://www.mpamag.com/us/specialty/technology/case-study-appians-low-code-process-automation-platform/402136
  9. ^ 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.
  10. ^ Konrad, Alex. "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. Retrieved 2021-04-08.
  11. ^ Knapp, Louise (2001-11-15). "Army Intranet: World's Largest". Wired. Retrieved 2018-05-29.
  12. ^ a b "Case study: Appian's low-code process automation platform". www.mpamag.com. Retrieved 2022-07-21.
  13. ^ Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". GCN. Retrieved 2020-06-23.
  14. ^ "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. Retrieved 2020-07-22.
  15. ^ Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. Retrieved 2018-05-29.
  16. ^ "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. Retrieved 2020-07-22.
  17. ^ "Staying Ahead of COVID-19". Transport Topics. 2020-09-25. Retrieved 2021-02-19.
  18. ^ Bureau, E. T. (2021-11-03). "Vontobel Scales Appian Robotic Process Automation (RPA) Across the Company". EnterpriseTalk. Retrieved 2022-08-12.
  19. ^ 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.
  20. ^ Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. Retrieved 2018-05-29.
  21. ^ "Appian tackles AI integration concerns with "free and easy" plug-ins". Verdict. 14 May 2019. Retrieved 2020-06-23.
  22. ^ "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.
  23. ^ maria (2021-12-29). "Appian named a leader in digital process automation software report by independent research firm - Technology Dispatch". Retrieved 2022-10-25.
  24. ^ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope". eWeek UK. 2022-04-26. Retrieved 2022-10-25.
  25. ^ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope". eWeek UK. 2022-04-26. Retrieved 2022-10-25.
  26. ^ "Appian drives low-code for ESG in ERP". ERP Today. Retrieved 2022-10-25.
  27. ^ "Appian's Cloud Platform Granted DISA Provisional Authorization - ExecutiveBiz". blog.executivebiz.com. 2022-02-17. Retrieved 2022-09-08.
  28. ^ "Appian's Cloud Platform Granted DISA Provisional Authorization - ExecutiveBiz". blog.executivebiz.com. 2022-02-17. Retrieved 2022-09-08.
  29. ^ Stempel, Jonathan (2022-05-10). "Appian soars after winning $2.04 bln verdict against Pegasystems". Reuters. Retrieved 2022-05-10.
  30. ^ "Appian makes first-ever acquisition - and it's in a whole new field". www.bizjournals.com. Retrieved 2022-08-15.
  31. ^ "Appian acquires process mining company Lana Labs". VentureBeat. 2021-08-05. Retrieved 2021-10-29.
  32. ^ "Why Appian bought Lana Labs – to get workflows right quicker". diginomica.com. 2021-10-05. Retrieved 2022-08-15.
  33. ^ a b "Appian's (APPN) Low-Code Automation Demand Drives Growth". finance.yahoo.com. Retrieved 2020-09-28.
  34. ^ Bowman, Jeremy (2020-08-10). "Appian Sees a Bright Future for Low-Code Software". The Motley Fool. Retrieved 2020-09-28.
  35. ^ Bridgwater, Adrian. "Appian Adds Google Cloud Intelligence To Low-Code Automation Mix". Forbes. Retrieved 2020-06-23.
  36. ^ Schwab, Katharine (2020-03-19). "This app lets you self-report COVID-19 symptoms to your company". Fast Company. Retrieved 2020-09-28.
  37. ^ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016". www.forrester.com. Retrieved 2017-06-07.
  38. ^ Murphy, Ian (2020-03-10). "Appian unveils integrated RPA solution -". Enterprise Times. Retrieved 2020-09-28.
  39. ^ Bridgwater, Adrian. "Appian Portals Opens Door To More Users". Forbes. Retrieved 2022-09-01.
  40. ^ Loewenthal, Clare (2022-02-07). "How integrating process mining with workflow and automation creates responsive, efficient organisations". Dynamic Business. Retrieved 2022-09-01.
  41. ^ a b c Bowman, Jeremy (12 May 2020). "Appian Sees Opportunities in the Fight Against COVID-19". The Motley Fool. Retrieved 2020-06-23.
  42. ^ "Why Appian Stock Dropped 10% in June". The Motley Fool. 2020-07-05. Retrieved 2020-07-22.
  43. ^ "Health-screening app helps employees return to work safely". ITPro. 2020-05-27. Retrieved 2020-07-22.
  44. ^ "U of South Florida Co-developing App for COVID-19-Safe Campus Returns". Campus Technology. 2020-06-22. Retrieved 2020-07-22.
  45. ^ Hanna, Tess (2020-07-10). "Appian Launches Acquisition Requirements Management Solution". Best BPM Tools, Vendors, Software and BPMS. Retrieved 2020-09-28.
  46. ^ "New Appian Solution for Financial Services Institutional Onboarding Improves Speed-to-market and Reduces Implementation Risks". AiThority. 2019-09-25. Retrieved 2020-09-28.
  47. ^ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016". www.forrester.com. Retrieved 2017-06-07.
  48. ^ Murphy, Ian (2022-04-27). "Can the Appian Data Fabric revolutionise working with data?". Enterprise Times. Retrieved 2022-08-24.
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