Appian Corporation

Appian Corporation is a cloud computing company currently headquartered in Mclean, Virginia, part of the Dulles Technology Corridor.

Appian Corporation
TypePublic
NASDAQ: APPN (Class A)
Russell 2000 Index component
Industry
Founded1999
FoundersMatt Calkins
Michael Beckley
Robert Kramer
Marc Wilson
Headquarters
McLean, Virginia
,
United States
Number of locations
15 (2017)
Area served
Worldwide
Number of employees
1400
Websitewww.appian.com

The company sells a Platform as a Service for building enterprise software applications. It is focused on low-code development,[1] business process management,[2] and case management[3] markets. Its low-code automation platform enables businesses to create apps using little or no code.[4][5]

Appian was named the 2018 Washington D.C. area "Top Workplace" by The Washington Post.[6]

History

Appian was founded in 1999 by Matthew Calkins with co-founders Michael Beckley, Marc Wilson, and Robert Kramer. Matt Calkins is the current CEO.[7] Calkins graduated from Dartmouth in 1994 with a degree in economics and then joined MicroStrategy, a business software vendor,[7] where he was the director of the Enterprise Product Group.[8] When he was 26, he left MicroStrategy and co-founded Appian.[8]

In 2001, Appian developed Army Knowledge Online. At the time, it was regarded as “the world's largest intranet."[9] 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). GSA procurement offices used Appian Cloud for acquisition planning.[10]

In 2014, the company received $37.5 million in secondary investments from New Enterprise Associates, which was paid out to shareholders.[11][12] In 2015, Ryder began using apps built by Appian to switch to paperless processing. The apps are used by customers during the checkout process and internally for truck maintenance records.[13]

On May 25, 2017, the company became a publicly-traded company, trading under the symbol APPN on the NASDAQ Global Exchange.[14][15] In May 2019, the company released Appian AI enabling artificial intelligence (AI) capabilities in applications built on its platform.[16] On January 7, 2020, it announced that it had acquired Novayre Solutions SL, developer of the Jidoka RPA platform.[17] In March, the company updated the platform's AI and robotic process automation (RPA) capabilities.[18]

Later in 2020, the company launched four apps to support businesses with COVID-19 concerns. The first is a health management app to help other businesses track workforce health and safety during the COVID-19 pandemic, by collecting information from employees and storing it in a HIPAA-compliant cloud.[19] The app is called COVID-19 Response Management.[20][21] A second app, Workforce Safety, was designed to help organizations reopen their offices.[20] The third helps banks accept and manage Paycheck Protection Program loan applications.[4] That app includes AI-powered intelligent document processing.[4] The fourth app, CampusPass, helps educational campuses collect COVID-19 related data about individuals and coordinate health and safety guidelines across academic communities.[22][23] The app was created in partnership with the University of South Florida to help plan for students returning to campus during the 2020 pandemic.[24]

Services

Low-code automation platform

Appian offers a low-code automation platform with a visual interface and pre-built development modules.[25] As of August 2020, it was the only pure-play provider of low-code software.[26] Companies can use the platform to reduce the time it takes to build, deploy, and update applications with the help of AI tools and bots.[4][25] The platform protects privacy and security with its HIPAA-compliant cloud.[27] The platform includes Appian AI and Appian RPA.[28][29]

Frameworks

Appian also sells pre-built frameworks. During the COVID-19 pandemic Appian developed apps that facilitate return-to-work protocols at a workplace[4] and academic institutions.[22][23] and a framework for government organizations to manage the acquisition process.[30]

References
  1. Rymer, John (2017-10-12). "The Forrester Wave™: Low-Code Development Platforms For AD&D Pros, Q4 2017". Forrester Research. Retrieved 2018-05-29.
  2. Dunie, Rob (2017-10-24). "Magic Quadrant for Intelligent Business Process Management Suites". Gartner. Retrieved 2018-05-29.
  3. Le Clair, Craig (2018-03-08). "The Forrester Wave™: Cloud-Based Dynamic Case Management, Q1 2018". Forrester Research. Retrieved 2018-05-29.
  4. Bowman, Jeremy. "Appian Sees Opportunities in the Fight Against COVID-19". The Motley Fool. Retrieved 2020-06-23.
  5. Bridgwater, Adrian. "Appian Adds Google Cloud Intelligence To Low-Code Automation Mix". Forbes. Retrieved 2020-06-23.
  6. "Top Workplaces 2018". Washington Post. Retrieved 2018-09-06.
  7. "Meet Matt Calkins: Billionaire, Board Game God And Tech's Hidden Disruptor". Forbes. 2019-05-31. Retrieved 2020-07-22.
  8. "Matt Calkins Appointed to NVTC Board of Directors". WashingtonExec. 2017-11-09. Retrieved 2020-07-22.
  9. Knapp, Louise (2001-11-15). "Army Intranet: World's Largest". Wired. Retrieved 2018-05-29.
  10. Yasin, Rutrell. "Appian Cloud app gets FISMA moderate security cert". GCN. Retrieved 2020-06-23.
  11. "Appian prices application software IPO at $12". TechCrunch. 2017-05-25. Retrieved 2020-07-22.
  12. Overly, Steven (2014-03-04). "Appian collects $37.5 million from New Enterprise Associates as it plans IPO". Washington Post. Retrieved 2018-05-29.
  13. "Low-code platforms help with project backlogs and software development training". TechRepublic. 2020-03-22. Retrieved 2020-07-22.
  14. 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.
  15. Razumovskaya, Olga (2017-05-25). "Appian Shares Leap 35% After IPO". Wall Street Journal. Retrieved 2018-05-29.
  16. "Appian tackles AI integration concerns with "free and easy" plug-ins". Verdict. Retrieved 2020-06-23.
  17. "Appian makes first-ever acquisition — and it's in a new field". Washington Business Journal. Retrieved 2020-11-19.
  18. "Appian Updates Low-Code Platform with RPA Capabilities". ITPro Today. Mar 15, 2020. Retrieved Sep 7, 2020.
  19. Gilgore, Sara. "These 3 D.C.-area companies are still hiring despite coronavirus pandemic". Bizjournals. Retrieved 24 April 2020.
  20. "Health-screening app helps employees return to work safely". ITPro. 2020-05-27. Retrieved 2020-07-22.
  21. "Free Software That Businesses, Schools And Others Can Use During The COVID-19 Crisis". Forbes. 2020-03-19. Retrieved 2020-07-22.
  22. "Why Appian Stock Dropped 10% in June". The Motley Fool. 2020-07-05. Retrieved 2020-07-22.
  23. "U of South Florida Co-developing App for COVID-19-Safe Campus Returns". Campus Technology. 2020-06-22. Retrieved 2020-07-22.
  24. "USF is using innovation to tackle coronavirus testing and awareness on campus". Tampa Bay Business Journal. 2020-06-15. Retrieved 2020-07-22.
  25. "Appian's (APPN) Low-Code Automation Demand Drives Growth". finance.yahoo.com. Retrieved 2020-09-28.
  26. Bowman, Jeremy (2020-08-10). "Appian Sees a Bright Future for Low-Code Software". The Motley Fool. Retrieved 2020-09-28.
  27. Schwab, Katharine (2020-03-19). "This app lets you self-report COVID-19 symptoms to your company". Fast Company. Retrieved 2020-09-28.
  28. "The Forrester Wave™: Low-Code Development Platforms, Q2 2016". www.forrester.com. Retrieved 2017-06-07.
  29. Murphy, Ian (2020-03-10). "Appian unveils integrated RPA solution -". Enterprise Times. Retrieved 2020-09-28.
  30. Hanna, Tess (2020-07-10). "Appian Launches Acquisition Requirements Management Solution". Best BPM Tools, Vendors, Software and BPMS. Retrieved 2020-09-28.
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