Appian Corporation

Last updated
Appian Corporation
Company type Public
Industry
Founded1999;25 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, [3] process mining, [4] business process management, [5] and case management [6] markets in North America, Europe, the Middle East and Southeast Asia. [7]

Contents

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]

In 2016, Vontobel, a global investment firm, started using Appian's Low-Code Platform to improve its business processes. [17]

On May 25, 2017, Appian became a publicly traded company, trading as APPN on the NASDAQ Global Exchange. [18] [19]

Process mining and artificial intelligence: 2018–present

In May 2019, Appian released Appian AI, enabling artificial intelligence capabilities on its platform. [20] In March 2020, the company updated the platform's Artificial intelligence and robotic process automation capabilities. [21] In 2021, the company was named a leader in Digital Process Automation software by Forrester. [22]

In 2022, Appian started highlighting the importance of low-code tools in improving environmental, social & corporate governance (ESG). [23] 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. [24] [25]

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”. [26] This lets defense customers use Appian Government Cloud as well as the Appian Low-Code Platform. [26]

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. [27] [28]

April 2022, process mining, first available in January, was fully integrated into all Appian products. [29] [30] This resulted in process mining, low-code/no-code workflows, and automation working as a single solution. [30] [29] That same month, Appian started the free #lowcode4all program to help provide access to low-code education and certification for developers. [31] 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. [32] [33] [34] The program targeted undergraduate and graduate students, students who had paused their education, unemployed, career-changers, and military veterans. [34] [35]

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc. [36] Pegasystems was found guilty of hiring a developer to spy on Appian, stealing trade secrets in an operation Pegasystems referred to as "Project Crush." [37] [38] 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. [39] 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. [40] March 29, 2023, Appian filed a rebuttal and 8K. [41]

Acquisitions

On January 7, 2020, Appian announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA) platform. [42]

In August 2021, Appian acquired the process mining company Lana Labs. [43] 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. [44]

Services

Low-code platform

Appian offers a low-code platform with a visual interface and pre-built development modules. [45] As of August 2020, it was the only pure-play provider of low-code software on the stock market. [46] As with other low-code platforms, it enables businesses to create apps and automations using little or no code. [45] [47] The platform protects privacy and security with its HIPAA-compliant cloud. [48] The platform includes Appian AI and Appian RPA. [49] [50]

SAIL (Self-Assembling Interface Layer)

Appian SAIL technology is a low-code method for enterprise applications that works from back-end integration to upper level graphical user interfaces. [51] It also incorporates Appian's AI Intelligent Document Processing (IDP) tool. [52]

Appian Portals

This allows designers to use low-code to build and manage secure external websites that capture and share data from Appian applications. [53] [54]

Process Mining

Process mining is the act of analyzing, improving, and monitoring business processes. [55] In April 2022, process mining was fully integrated into the Appian platform. [56] 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 [57]

Appian includes the Mine Process history plug-in that lets users automatically import process data into the process mining product for further analysis. [58] [59] It also includes a no-code module. [60]

Pre-built apps

Appian also sells pre-built frameworks. In late 2020, it launched apps to support businesses with COVID-19 concerns. [61] [62] They track workforce health and safety during the COVID-19 pandemic, collecting information from employees and storing it in a HIPAA-compliant cloud, [63] help organizations reopen their offices, and helps banks manage Paycheck Protection Program loan applications, including AI-powered intelligent document processing. [61] 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. [64] The firm also developed apps that facilitate return-to-work protocols, [61] and a framework for government organizations to manage acquisition processes, [65] institutional onboarding, [66] and intelligent document processing. [67]

Data Fabric

In 2021, Appian announced plans for a low-code data product. [68] It was completed in April 2022 and was named Appian Data Fabric. [69] It unifies data from enterprise systems, reducing the time to deliver new applications. [69]

See also

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References

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