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 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). [7]

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. [8] [9] In 2015, transportation company Ryder began using the Appian apps instead of paper processing during the checkout process and internally for truck maintenance records. [10] [11]

On May 25, 2017, Appian became a publicly traded company, trading as APPN on the NASDAQ Global Exchange. [12] [13]

Process mining and artificial intelligence: 2018–present

In May 2019, Appian released Appian AI, enabling artificial intelligence capabilities on its platform. [14] In March 2020, the company updated the platform's Artificial intelligence and robotic process automation capabilities. [15]

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. [16] [17] [18]

In May 2022, Appian was awarded $2.04 billion in damages against Pegasystems Inc. [19] Pegasystems was found guilty of hiring a developer to spy on Appian, stealing trade secrets in an operation Pegasystems referred to as "Project Crush." [20] [21] Pega is appealing the verdict. [22] [23] Appian filed a rebuttal and 8K. [24]

Acquisitions

On January 7, 2020, Appian announced acquisition of Novayre Solutions SL, developer of the Jidoka robotic process automation (RPA) platform. [25] In August 2021, Appian acquired the process mining company Lana Labs. [26] 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. [27]

See also

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. ↑ Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". GCN. Retrieved 2020-06-23.
  8. ↑ "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. Retrieved 2020-07-22.
  9. ↑ Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. Retrieved 2018-05-29.
  10. ↑ "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. Retrieved 2020-07-22.
  11. ↑ "Staying Ahead of COVID-19". Transport Topics. 2020-09-25. Retrieved 2021-02-19.
  12. ↑ 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.
  13. ↑ Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. Retrieved 2018-05-29.
  14. ↑ "Appian tackles AI integration concerns with "free and easy" plug-ins". Verdict. 14 May 2019. Retrieved 2020-06-23.
  15. ↑ "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.
  16. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation". Computerworld. Retrieved 2023-01-27.
  17. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation". Computerworld. Retrieved 2023-02-09.
  18. ↑ "Appian announces #lowcode4all - CW Developer Network". www.computerweekly.com. Retrieved 2023-02-09.
  19. ↑ Stempel, Jonathan (2022-05-10). "Appian soars after winning $2.04 bln verdict against Pegasystems". Reuters. Retrieved 2022-05-10.
  20. ↑ "Appian awarded $2B in trade secret espionage case". SearchSoftwareQuality. Retrieved 2022-11-07.
  21. ↑ Pugh, Alex (May 16, 2022). "Appian awarded $2b in damages in trade secrets lawsuit".
  22. ↑ "Court affirms Appian win in trade-secrets case, but battle with Pegasystems is far from over". www.bizjournals.com. Retrieved 2022-12-06.
  23. ↑ "A 'trade-secret case with no secrets:' Pega lays out appeal in $2B Appian case". www.bizjournals.com. Retrieved 2023-02-17.
  24. ↑ "Inline XBRL Viewer". www.sec.gov. Retrieved 2023-06-28.
  25. ↑ "Appian makes first-ever acquisition - and it's in a whole new field". www.bizjournals.com. Retrieved 2022-08-15.
  26. ↑ "Appian acquires process mining company Lana Labs". VentureBeat. 2021-08-05. Retrieved 2021-10-29.
  27. ↑ "Why Appian bought Lana Labs – to get workflows right quicker". diginomica.com. 2021-10-05. Retrieved 2022-08-15.
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