Company:Appian Corporation

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Short description: American cloud computing company
Appian Corporation
TypePublic company
Industry
Founded1999; 25 years ago (1999)
Founders
  • Michael Beckley
  • Matt Calkins
  • Robert Kramer
  • Marc Wilson
Headquarters
McLean, Virginia
,
U.S.
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$468 million (2022)
Decrease US$−145 million (2022)
Decrease US$−151 million (2022)
Total assetsIncrease US$594 million (2022)
Total equityDecrease US$146 million (2022)
Number of employees
2,307 (2022)
Websiteappian.com
Footnotes / references
[1][2]

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

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, mostly refuting Pega's points.[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

References

  1. ↑ "Appian Form 10-K". U.S. Securities and Exchange Commission. 16 February 2023. https://www.sec.gov/ix?doc=/Archives/edgar/data/1441683/000144168323000021/appn-20221231.htm. 
  2. ↑ "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. 2019-05-31. https://www.forbes.com/sites/alexkonrad/2019/04/29/meet-matt-calkins-billionaire-board-game-god-and-techs-hidden-disruptor/#2ae5b5106e77. Retrieved 2020-07-22. 
  3. ↑ Rymer, John (2017-10-12). "The Forrester Wave™: Low-Code Development Platforms For AD&D Pros, Q4 2017". Forrester Research. https://www.forrester.com/report/The+Forrester+Wave+LowCode+Development+Platforms+For+ADD+Pros+Q4+2017/-/E-RES137262. 
  4. ↑ Murphy, Ian (2022-04-27). "Appian elevates process mining to a whole new level" (in en-GB). https://www.enterprisetimes.co.uk/2022/04/27/appian-elevates-process-mining-to-a-whole-new-level/. 
  5. ↑ Dunie, Rob (2017-10-24). "Magic Quadrant for Intelligent Business Process Management Suites". Gartner. https://www.gartner.com/doc/3818763. 
  6. ↑ Le Clair, Craig (2018-03-08). "The Forrester Wave™: Cloud-Based Dynamic Case Management, Q1 2018". Forrester Research. https://www.forrester.com/report/The+Forrester+Wave+CloudBased+Dynamic+Case+Management+Q1+2018/-/E-RES136721. 
  7. ↑ https://www.mpamag.com/us/specialty/technology/case-study-appians-low-code-process-automation-platform/402136
  8. ↑ Medici, Andy. "This local tech founder is now richer than the Lerners". https://www.bizjournals.com/washington/news/2021/02/01/appian-matt-calkins-lerners-billionaire.html. 
  9. ↑ Konrad, Alex. "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor" (in en). https://www.forbes.com/sites/alexkonrad/2019/04/29/meet-matt-calkins-billionaire-board-game-god-and-techs-hidden-disruptor/. 
  10. ↑ Knapp, Louise (2001-11-15). "Army Intranet: World's Largest". Wired. https://www.wired.com/2001/11/army-intranet-worlds-largest/. Retrieved 2018-05-29. 
  11. ↑ 11.0 11.1 "Case study: Appian's low-code process automation platform" (in en). https://www.mpamag.com/us/specialty/technology/case-study-appians-low-code-process-automation-platform/402136. 
  12. ↑ Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". https://gcn.com/articles/2013/01/02/appian-cloud-gets-fisma-moderate-security-cert.aspx/. Retrieved 2020-06-23. 
  13. ↑ "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. https://techcrunch.com/2017/05/24/appian-prices-application-software-ipo-at-12/. Retrieved 2020-07-22. 
  14. ↑ Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. https://www.washingtonpost.com/business/capitalbusiness/appian-collects-375-million-from-new-enterprise-associates-as-it-eyes-ipo-plans/2014/03/04/9af5fe02-a3c2-11e3-8466-d34c451760b9_story.html. 
  15. ↑ "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. https://www.techrepublic.com/article/low-code-platforms-help-with-project-backlogs-and-software-development-training/. Retrieved 2020-07-22. 
  16. ↑ "Staying Ahead of COVID-19" (in en). 2020-09-25. https://www.ttnews.com/articles/staying-ahead-covid-19. 
  17. ↑ Bureau, E. T. (2021-11-03). "Vontobel Scales Appian Robotic Process Automation (RPA) Across the Company" (in en-US). https://enterprisetalk.com/news/vontobel-scales-appian-robotic-process-automation-rpa-across-the-company/. 
  18. ↑ Balakrishnan, Anita (2017-05-25). "Appian shares soar more than 25% as the $75 million tech IPO hits the market". CNBC. https://www.cnbc.com/2017/05/25/appian-ipo-appn-stock-starts-trading-after-ipo.html. 
  19. ↑ Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. https://www.wsj.com/articles/appian-shares-leap-35-after-ipo-1495734515. 
  20. ↑ "Appian tackles AI integration concerns with "free and easy" plug-ins". 14 May 2019. https://www.verdict.co.uk/appian-ai-integration/. Retrieved 2020-06-23. 
  21. ↑ "Appian Updates Low-Code Platform with RPA Capabilities". Mar 15, 2020. https://www.itprotoday.com/development-techniques-and-management/appian-updates-low-code-platform-rpa-capabilities. 
  22. ↑ maria (2021-12-29). "Appian named a leader in digital process automation software report by independent research firm - Technology Dispatch" (in en-US). https://technologydispatch.com/appian-named-a-leader-in-digital-process-automation-software-report-by-independent-research-firm/. 
  23. ↑ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope" (in en-US). 2022-04-26. https://www.eweekuk.com/applications/appian-world-2022-heightening-low-code-scope-poke-and-hope/. 
  24. ↑ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope" (in en-US). 2022-04-26. https://www.eweekuk.com/applications/appian-world-2022-heightening-low-code-scope-poke-and-hope/. 
  25. ↑ "Appian drives low-code for ESG in ERP" (in en-GB). https://erp.today/appian-drives-low-code-for-esg-in-erp/. 
  26. ↑ 26.0 26.1 "Appian's Cloud Platform Granted DISA Provisional Authorization - ExecutiveBiz" (in en-US). 2022-02-17. https://blog.executivebiz.com/2022/02/appians-cloud-platform-granted-disa-provisional-authorization/. 
  27. ↑ "Appian platform helping Horizon Power digitally transform" (in en). https://itbrief.com.au/story/appian-platform-helping-horizon-power-digitally-transform. 
  28. ↑ "Automation specialist Vuram deploys Appian to Horizon Power". https://www.crn.com.au/news/automation-specialist-vuram-deploys-appian-to-horizon-power-577679. 
  29. ↑ 29.0 29.1 Bowman, Jeremy (2022-01-26). "Appian Takes The Next Step in Its Low-Code Evolution" (in en). https://www.fool.com/investing/2022/01/26/appian-takes-the-next-step-in-its-low-code-evoluti/. 
  30. ↑ 30.0 30.1 Murphy, Ian (2022-04-27). "Appian elevates process mining to a whole new level" (in en-GB). https://www.enterprisetimes.co.uk/2022/04/27/appian-elevates-process-mining-to-a-whole-new-level/. 
  31. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation" (in en). https://www.computerworld.com/article/3658908/how-low-code-tools-are-filling-a-void-caused-by-the-great-resignation.html. 
  32. ↑ Bridgwater, Adrian. "Appian Elevates Low-Code Purview And World View" (in en). https://www.forbes.com/sites/adrianbridgwater/2022/04/26/appian-elevates-low-code-purview-and-world-view/. 
  33. ↑ Mearian, Lucas (2022-04-28). "Low-code tools can fill a void caused by the Great Resignation" (in en). https://www.computerworld.com/article/3658908/how-low-code-tools-are-filling-a-void-caused-by-the-great-resignation.html. 
  34. ↑ 34.0 34.1 Murphy, Ian (2022-04-26). "Appian #lowcode4all to democratise coding and solve skills shortages" (in en-GB). Enterprise Times. https://www.enterprisetimes.co.uk/2022/04/26/appian-lowcode4all-to-democratise-coding-and-solve-skills-shortages/. 
  35. ↑ "Appian announces #lowcode4all - CW Developer Network". https://www.computerweekly.com/blog/CW-Developer-Network/Appian-announces-lowcode4all. 
  36. ↑ Stempel, Jonathan (2022-05-10). "Appian soars after winning $2.04 bln verdict against Pegasystems" (in en). Reuters. https://www.reuters.com/technology/appian-wins-204-bln-verdict-against-pegasystems-2022-05-10/. 
  37. ↑ "Appian awarded $2B in trade secret espionage case" (in en). https://www.techtarget.com/searchsoftwarequality/news/252518066/Appian-awarded-2B-in-trade-secret-espionage-case. 
  38. ↑ Pugh, Alex (May 16, 2022). "Appian awarded $2b in damages in trade secrets lawsuit". https://www.fintechfutures.com/2022/05/appian-awarded-2bn-in-damages-in-trade-secrets-lawsuit/. 
  39. ↑ "Court affirms Appian win in trade-secrets case, but battle with Pegasystems is far from over". https://www.bizjournals.com/washington/news/2022/09/19/appian-pegasystems-verdict.html. 
  40. ↑ "A 'trade-secret case with no secrets:' Pega lays out appeal in $2B Appian case". https://www.bizjournals.com/boston/news/2023/02/08/pegasystems-files-appeal-case-appian.html. 
  41. ↑ "Inline XBRL Viewer". https://www.sec.gov/ix?doc=/Archives/edgar/data/0001441683/000144168323000031/appn-20230329.htm. 
  42. ↑ "Appian makes first-ever acquisition - and it's in a whole new field". https://www.bizjournals.com/washington/news/2020/01/07/appian-makes-first-ever-acquisition-nbsp-and-its.html. 
  43. ↑ "Appian acquires process mining company Lana Labs" (in en-US). 2021-08-05. https://venturebeat.com/2021/08/05/appian-acquires-process-mining-company-lana-labs/. 
  44. ↑ "Why Appian bought Lana Labs – to get workflows right quicker" (in en). 2021-10-05. https://diginomica.com/why-appian-bought-lana-labs-get-workflows-right-quicker. 
  45. ↑ 45.0 45.1 "Appian's (APPN) Low-Code Automation Demand Drives Growth" (in en-US). https://finance.yahoo.com/news/appians-appn-low-code-automation-151203201.html. 
  46. ↑ Bowman, Jeremy (2020-08-10). "Appian Sees a Bright Future for Low-Code Software" (in en). https://www.fool.com/investing/2020/08/10/appian-sees-a-bright-future-for-low-code-software.aspx. 
  47. ↑ Bridgwater, Adrian. "Appian Adds Google Cloud Intelligence To Low-Code Automation Mix". https://www.forbes.com/sites/adrianbridgwater/2020/03/09/appian-adds-google-cloud-intelligence-to-low-code-automation-mix/#31b4cb3f2b38. Retrieved 2020-06-23. 
  48. ↑ Schwab, Katharine (2020-03-19). "This app lets you self-report COVID-19 symptoms to your company" (in en-US). https://www.fastcompany.com/90479573/this-app-lets-you-self-report-covid-19-symptoms-to-your-company. 
  49. ↑ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016" (in en). https://www.forrester.com/report/The+Forrester+Wave+LowCode+Development+Platforms+Q2+2016/-/E-RES117623. 
  50. ↑ Murphy, Ian (2020-03-10). "Appian unveils integrated RPA solution -" (in en-GB). https://www.enterprisetimes.co.uk/2020/03/10/appian-unveils-integrated-rpa-solution/. 
  51. ↑ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope" (in en-US). 2022-04-26. https://www.eweekuk.com/applications/appian-world-2022-heightening-low-code-scope-poke-and-hope/. 
  52. ↑ "Appian World 2022: Heightening Low-Code Scope, Poke and Hope" (in en-US). 2022-04-26. https://www.eweekuk.com/applications/appian-world-2022-heightening-low-code-scope-poke-and-hope/. 
  53. ↑ Bridgwater, Adrian. "Appian Portals Opens Door To More Users" (in en). https://www.forbes.com/sites/adrianbridgwater/2022/03/08/appian-portals-opens-door-to-more-users/. 
  54. ↑ Bureau, E. T. (2022-03-08). "Latest version of the Appian Low-Code Platform now available" (in en-US). https://enterprisetalk.com/news/latest-version-of-the-appian-low-code-platform-now-available/. 
  55. ↑ Bridgwater, Adrian. "Appian Portals Opens Door To More Users" (in en). https://www.forbes.com/sites/adrianbridgwater/2022/03/08/appian-portals-opens-door-to-more-users/. 
  56. ↑ Murphy, Ian (2022-04-27). "Appian elevates process mining to a whole new level" (in en-GB). https://www.enterprisetimes.co.uk/2022/04/27/appian-elevates-process-mining-to-a-whole-new-level/. 
  57. ↑ Loewenthal, Clare (2022-02-07). "How integrating process mining with workflow and automation creates responsive, efficient organisations" (in en-AU). https://dynamicbusiness.com/featured/how-integrating-process-mining-with-workflow-and-automation-creates-responsive-efficient-organisations.html. 
  58. ↑ Bridgwater, Adrian. "Appian Portals Opens Door To More Users" (in en). https://www.forbes.com/sites/adrianbridgwater/2022/03/08/appian-portals-opens-door-to-more-users/. 
  59. ↑ Bureau, E. T. (2022-03-08). "Latest version of the Appian Low-Code Platform now available" (in en-US). https://enterprisetalk.com/news/latest-version-of-the-appian-low-code-platform-now-available/. 
  60. ↑ Loewenthal, Clare (2022-02-07). "How integrating process mining with workflow and automation creates responsive, efficient organisations" (in en-AU). https://dynamicbusiness.com/featured/how-integrating-process-mining-with-workflow-and-automation-creates-responsive-efficient-organisations.html. 
  61. ↑ 61.0 61.1 61.2 Bowman, Jeremy (12 May 2020). "Appian Sees Opportunities in the Fight Against COVID-19". https://www.fool.com/investing/2020/05/12/appian-opportunities-fight-against-coronavirus.aspx. Retrieved 2020-06-23. 
  62. ↑ "Why Appian Stock Dropped 10% in June". The Motley Fool. 2020-07-05. https://www.fool.com/investing/2020/07/05/why-appian-stock-dropped-10-in-june.aspx. Retrieved 2020-07-22. 
  63. ↑ "Health-screening app helps employees return to work safely". ITPro. 2020-05-27. https://www.itpro.co.uk/software/business-apps/355805/health-screening-app-helps-employees-return-to-work-safely. Retrieved 2020-07-22. 
  64. ↑ "U of South Florida Co-developing App for COVID-19-Safe Campus Returns". Campus Technology. 2020-06-22. https://campustechnology.com/articles/2020/06/22/u-of-south-florida-co-developing-app-for-covid-19-safe-campus-returns.aspx. Retrieved 2020-07-22. 
  65. ↑ Hanna, Tess (2020-07-10). "Appian Launches Acquisition Requirements Management Solution" (in en-US). https://solutionsreview.com/business-process-management/appian-launches-acquisition-requirements-management-solution/. 
  66. ↑ "New Appian Solution for Financial Services Institutional Onboarding Improves Speed-to-market and Reduces Implementation Risks" (in en-US). 2019-09-25. https://www.aithority-67ee47.ingress-bonde.easywp.com/technology/new-appian-solution-for-financial-services-institutional-onboarding-improves-speed-to-market-and-reduces-implementation-risks/. [yes|permanent dead link|dead link}}]
  67. ↑ "The Forrester Wave™: Low-Code Development Platforms, Q2 2016" (in en). https://www.forrester.com/report/The+Forrester+Wave+LowCode+Development+Platforms+Q2+2016/-/E-RES117623. 
  68. ↑ Murphy, Ian (2022-04-27). "Can the Appian Data Fabric revolutionise working with data?" (in en-GB). https://www.enterprisetimes.co.uk/2022/04/27/can-the-appian-data-fabric-revolutionise-working-with-data/. 
  69. ↑ 69.0 69.1 Murphy, Ian (2022-04-27). "Can the Appian Data Fabric revolutionise working with data?" (in en-GB). https://www.enterprisetimes.co.uk/2022/04/27/can-the-appian-data-fabric-revolutionise-working-with-data/. 



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