Appian Corporation

Appian Corporation
Company typePublic
Industry
Founded1999; 26 years ago (1999)
Founders
Headquarters,
U.S.
Number of locations
15 (2017)
Area served
Worldwide
Key people
RevenueIncrease US$545 million (2023)
Negative increase US$−108 million (2023)
Negative increase US$−111 million (2023)
Total assetsIncrease US$628 million (2023)
Total equityDecrease US$52.3 million (2023)
Number of employees
2,243 (2023)
Websiteappian.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]

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.[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 Services 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

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. ^ a b "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.