Appian Corporation

Last updated
Appian Corporation
Company type Public
Industry
Founded1999;26 years ago (1999)
Founders
Headquarters
McLean, Virginia
,
U.S.
Number of locations
15 (2017)
Area served
Worldwide
Key people
RevenueIncrease2.svg US$545 million (2023)
Increase Negative.svgUS$−108 million (2023)
Increase Negative.svgUS$−111 million (2023)
Total assets Increase2.svgUS$628 million (2023)
Total equity Decrease2.svgUS$52.3 million (2023)
Number of employees
2,243 (2023)
Website appian.com
Footnotes /references
[1] [2]

Appian Corporation is an American 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, process mining, business process management, and case management markets in North America, Europe, the Middle East and Southeast Asia. [3]

Contents

History

Founding and early growth: 1999–2013

Appian was founded in 1999 by Michael Beckley, Robert Kramer, Marc Wilson and Matthew Calkins, who is CEO. [4] [5]

In 2001, the company developed Army Knowledge Online, regarded at the time as “the world's largest intranet." [6]

In 2005, the company expanded into financial services and other private markets. [7] It became known for its low-code platform. [7]

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 ices Administration (GSA). [8]

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. [9] [10] In 2015, transportation company Ryder began using the Appian apps instead of paper processing during the checkout process and internally for truck maintenance records. [11] [12]

On May 25, 2017, Appian became a publicly traded company, trading as APPN on the NASDAQ Global Exchange. [13] [14]

Process mining and artificial intelligence: 2018–present

In May 2019, Appian released Appian AI, enabling artificial intelligence capabilities on its platform. [15] In March 2020, the company updated the platform's Artificial intelligence and robotic process automation capabilities. [16]

In 2022, Appian started highlighting the importance of low-code tools in improving environmental, social & corporate governance (ESG). 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. [17]

In March, Horizon Power, a Western Australian energy utility, wanted to transfer from manual process to automation and started using Appian's low-code platform to improve internal workflows and processes. [18] [19]

April 2022, process mining, first available in January, was fully integrated into all Appian products. This resulted in process mining, low-code/no-code workflows, and automation working as a single solution. That same month, Appian started the free #lowcode4all program to help provide access to low-code education and certification for developers. [20] Participants complete a low-code curriculum and the Appian Certified Associate Developer exam, receive access to hiring recruiters through Appian's partner network, and get job search skills support. [21] [22]

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc. [23] Pegasystems was found guilty of hiring a developer to spy on Appian, stealing trade secrets in an operation Pegasystems referred to as "Project Crush." [24] [25] Pega is appealing the verdict and the company will not be required to begin paying the judgment until all avenues of appeal have been exhausted. [26] In February 2023, Pega filed an appeal asking the court to overturn the previous judgement and either rule in Pega's favor or order a new trial. [27] March 29, 2023, Appian filed a rebuttal and 8K. [28]

Acquisitions

On January 7, 2020, Appian announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA) platform. [29]

In August 2021, Appian acquired the process mining company Lana Labs. [30] 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. [31]

See also

Related Research Articles

Camunda is a process orchestration platform used to control complex business processes for enterprise companies. The software is classified by specialist media as a business process automation tool or digital process automation software and therefore represents a further development of the classic workflow management platform.

Tungsten Automation, formerly Kofax Inc., is an Irvine, California-based intelligent automation software provider. Founded in 1985, the company's software allows businesses to automate and improve business workflows by simplifying the handling of data and documents.

<span class="mw-page-title-main">Hyland Software</span> Documentation management software company

Hyland Software is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and manufacturing. The firm has its headquarters in Westlake, Ohio, and offices in Lincoln, Nebraska; Irvine, California; Charlotte, North Carolina; São Paulo, Brazil; London, England; Tokyo, Japan; Andover, Massachusetts; Melbourne, Australia; Kolkata, India; Sydney, Australia; Berlin, Germany; Olathe, Kansas; Bloomington, Minnesota; Salt Lake City, Utah; Phoenix, Arizona; and Tampa, Florida.

Pegasystems Inc. (Pega) is a global software company based in Cambridge, Massachusetts, USA, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a platform for workflow automation and generative AI-powered decisioning that helps businesses move towards becoming autonomous enterprises.

KNIME, the Konstanz Information Miner, is a free and open-source data analytics, reporting and integration platform. KNIME integrates various components for machine learning and data mining through its modular data pipelining "Building Blocks of Analytics" concept. A graphical user interface and use of JDBC allows assembly of nodes blending different data sources, including preprocessing, for modeling, data analysis and visualization without, or with minimal, programming.

<span class="mw-page-title-main">ServiceNow</span> American technology company

ServiceNow, Inc. is an American software company based in Santa Clara, California, that develops a cloud computing platform to help companies manage digital workflows for enterprise operations. Founded in 2003 by Fred Luddy, ServiceNow is listed on the New York Stock Exchange and is a constituent of the Russell 1000 Index and S&P 500 Index. In 2018, Forbes magazine named it number one on its list of the world's most innovative companies.

<span class="mw-page-title-main">Zuora</span> American enterprise software company

Zuora, Inc. is an American enterprise software company headquartered in Redwood City, California that creates and provides software for businesses to launch and manage their subscription-based services. Zuora's applications are designed to automate recurring billing, collections, quoting, revenue recognition, and subscription metrics. Tien Tzuo, a co-founder of the company, has served as its CEO since 2007.

Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.

Perforce Software, Inc. is an American developer of software used for developing and running applications, including version control software, web-based repository management, developer collaboration, application lifecycle management, web application servers, debugging tools, platform automation, and agile planning software.

Robotic process automation (RPA) is a form of business process automation that is based on software robots (bots) or artificial intelligence (AI) agents. RPA should not be confused with artificial intelligence as it is based on automotive technology following a predefined workflow. It is sometimes referred to as software robotics.

HashiCorp, Inc. is an American software company with a freemium business model based in San Francisco, California. HashiCorp provides tools and products that enable developers, operators and security professionals to provision, secure, run and connect cloud-computing infrastructure. It was founded in 2012 by Mitchell Hashimoto and Armon Dadgar. The company name HashiCorp is a portmanteau of co-founder last name Hashimoto and Corporation.

<span class="mw-page-title-main">Low-code development platform</span> Software development system

A low-code development platform (LCDP) provides a development environment used to create application software, generally through a graphical user interface. A low-coded platform may produce entirely operational applications, or require additional coding for specific situations. Low-code development platforms are typically on a high abstraction level, and can reduce the amount of traditional time spent, enabling accelerated delivery of business applications. A common benefit is that a wider range of people can contribute to the application's development, not only those with coding skills, but good governance is needed to be able to adhere to common rules and regulations. LCDPs can also lower the initial cost of setup, training, deployment, and maintenance.

<span class="mw-page-title-main">UiPath</span> Romanian-American developer of robotic process automation software

UiPath Inc. is a global software company that makes robotic process automation (RPA) software. It was founded in Bucharest, Romania, by Daniel Dines and Marius Tîrcă. Its headquarters are in New York City. The company's software monitors user activity to automate repetitive front and back office tasks, including those performed using other business software such as customer relationship management or enterprise resource planning (ERP) software.

PagerDuty is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.

<span class="mw-page-title-main">No-code development platform</span> Software development system

No-code development platforms (NCDPs) allow creating application software through graphical user interfaces and configuration instead of traditional computer programming based on writing code.

Monday.com Ltd. is a cloud-based platform that allows users to create their own applications and project management software. The product was launched in 2014 and in July 2019, the company raised $150 million, based on a $1.9 billion valuation. The company went public in June 2021 and is based in Tel Aviv, Israel.

<span class="mw-page-title-main">Apache Airflow</span> Open-source workflow management platform

Apache Airflow is an open-source workflow management platform for data engineering pipelines. It started at Airbnb in October 2014 as a solution to manage the company's increasingly complex workflows. Creating Airflow allowed Airbnb to programmatically author and schedule their workflows and monitor them via the built-in Airflow user interface. From the beginning, the project was made open source, becoming an Apache Incubator project in March 2016 and a top-level Apache Software Foundation project in January 2019.

<span class="mw-page-title-main">Matt Calkins</span> American businessman and board game creator

Matt Calkins is the co-founder, CEO, chairman, and president of Appian Corporation, and a world champion board gamer.

<span class="mw-page-title-main">Microsoft Power Platform</span> Family of business software products

Microsoft Power Platform is a collection of low-code development tools that allows users to build custom business applications, automate workflows, and analyze data. It also offers integration with GitHub, Microsoft Azure, Microsoft Dynamics 365, and Microsoft Teams, amongst other Microsoft and third-party applications.

References

  1. ↑ "Appian Form 10-K". U.S. Securities and Exchange Commission. 15 February 2024.
  2. ↑ "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. 2019-05-31. Retrieved 2020-07-22.
  3. ↑ "Case study: Appian's low-code process automation platform".
  4. ↑ 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.
  5. ↑ Konrad, Alex. "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. Retrieved 2021-04-08.
  6. ↑ Knapp, Louise (2001-11-15). "Army Intranet: World's Largest". Wired. Retrieved 2018-05-29.
  7. 1 2 "Case study: Appian's low-code process automation platform". www.mpamag.com. Retrieved 2022-07-21.
  8. ↑ Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". GCN. Retrieved 2020-06-23.
  9. ↑ "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. Retrieved 2020-07-22.
  10. ↑ Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. Retrieved 2018-05-29.
  11. ↑ "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. Retrieved 2020-07-22.
  12. ↑ "Staying Ahead of COVID-19". Transport Topics. 2020-09-25. Retrieved 2021-02-19.
  13. ↑ 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.
  14. ↑ Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. Retrieved 2018-05-29.
  15. ↑ "Appian tackles AI integration concerns with "free and easy" plug-ins". Verdict. 14 May 2019. Retrieved 2020-06-23.
  16. ↑ "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.
  17. ↑ "Appian drives low-code for ESG in ERP". ERP Today. 26 April 2022. Retrieved 2022-10-25.
  18. ↑ "Appian platform helping Horizon Power digitally transform". IT Brief Australia. Retrieved 2023-01-05.
  19. ↑ "Automation specialist Vuram deploys Appian to Horizon Power". CRN Australia. Retrieved 2023-01-05.
  20. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation". Computerworld. Retrieved 2023-01-27.
  21. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation". Computerworld. Retrieved 2023-02-09.
  22. ↑ "Appian announces #lowcode4all - CW Developer Network". www.computerweekly.com. Retrieved 2023-02-09.
  23. ↑ Stempel, Jonathan (2022-05-10). "Appian soars after winning $2.04 bln verdict against Pegasystems". Reuters. Retrieved 2022-05-10.
  24. ↑ "Appian awarded $2B in trade secret espionage case". SearchSoftwareQuality. Retrieved 2022-11-07.
  25. ↑ Pugh, Alex (May 16, 2022). "Appian awarded $2b in damages in trade secrets lawsuit".
  26. ↑ "Court affirms Appian win in trade-secrets case, but battle with Pegasystems is far from over". www.bizjournals.com. Retrieved 2022-12-06.
  27. ↑ "A 'trade-secret case with no secrets:' Pega lays out appeal in $2B Appian case". www.bizjournals.com. Retrieved 2023-02-17.
  28. ↑ "Inline XBRL Viewer". www.sec.gov. Retrieved 2023-06-28.
  29. ↑ "Appian makes first-ever acquisition - and it's in a whole new field". www.bizjournals.com. Retrieved 2022-08-15.
  30. ↑ "Appian acquires process mining company Lana Labs". VentureBeat. 2021-08-05. Retrieved 2021-10-29.
  31. ↑ "Why Appian bought Lana Labs – to get workflows right quicker". diginomica.com. 2021-10-05. Retrieved 2022-08-15.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.