Appian Momentum Continues Through Q2 2010
28 New-Name Customers Drive 58% and 43% Sequential Quarterly Growth
RESTON, Va.—July 20, 2010— Appian, the global innovator in enterprise and on-demand business process management (BPM) technology, today announced continued strong growth through the first half of 2010. The company signed a record 28 new-name customers over the six-month period. Q1 2010 customer bookings grew 58 percent over Q4 2009, and another 43 percent in Q2 2010 over Q1 2010. Appian’s on-going quarter over quarter growth was driven by market demand (specifically in US Federal and international Financial Services and Healthcare markets) for the accelerated business value provided by the Appian BPM Suite, both for on-premise and Cloud-based deployments. Organizations looking for full-featured, easy-to-use BPM technology turned to Appian throughout 1H 2010, rather than risk the extended deployment cycles, complex integration paths, and limited functionality of stack vendor competitors. Appian’s combination of industry-leading technology, people and proven methodology delivers the fastest time-to-value in the BPM industry, and is further accelerated through the low-cost, low-risk Appian Anywhere SaaS BPM deployment model.
BPM for Government Leader
Appian enhanced its position as the leading provider of BPM for the public sector by signing a significant contract with the U.S. Department of the Treasury’s Office of the Comptroller of the Currency (OCC). The contract, in excess of $3.6 million, covers work to create OCC’s Personnel Administration and Security System (PASS). Appian also signed the first large-scale Federal Government Appian Anywhere deployment in 1H 2010. Appian partners delivered international government business, such as the Subordinate Courts of Singapore and the National Library Board, both secured through AIT, Appian’s partner in the Singapore region.
Commercial Market Growth
Appian saw strong growth in the Insurance, Financial Services, and Healthcare sectors in 1H 2010. The company signed one of the largest SaaS deals in the BPM industry with one of the world’s largest reinsurance companies. Direct sales in Financial Services included CME Group and TransUnion Interactive. Appian’s partner Exodus signed several major Greek banks. Appian’s global OEM partner strategy also saw results in the Healthcare market, with UK partner psHEALTH closing business with Chartis Medical & Rehabilitation (formerly AIG) and BUPA Home Healthcare.
Appian received accolades from numerous industry sources over the past 6 months. The company was named to KMWorld‘s 100 Companies that Matter in Knowledge Management. Lead411 gave Appian a “Hot Company” award for the Washington, D.C. region. The Appian leadership team was named a finalist for the Northern Virginia Technology Council’s “Hot Ticket – Hottest Management Team” award. Appian President and CEO Matthew Calkins was named an Executive of the Year finalist in the American Business Awards (the “Stevies”).
“Appian’s ability to rapidly deliver business value through process improvement, whether on-premise or on-demand, is attuned to the economic realities faced by organizations across markets and around the globe,” said Calkins. “Our growth in the first half of 2010 was due to our position as the premier BPM pure-play innovation leader.”
Appian delivers an enterprise platform for digital transformation that enables organizations to reinvent the customer experience, optimize their business operations, and master governance, risk and compliance. Powered by industry leading Business Process Management (BPM) and Case Management capabilities, Appian’s low-code approach can radically accelerate the time it takes to build and deploy powerful, modern applications, on-premises or in the cloud.