Appian Recognized as Fastest Growing Software Company on Washington Business Journal’s Fastest Growing Companies List
With a Growth Rate of 207.4% Over a Three-Year Period, Appian is the Fastest Growing Software Company in the Region; and Ranks 3rd Overall, in the Washington Business Journal’s 2004 List of the 50 Fastest Growing Companies
Vienna, VA., October 1, 2004 – Appian Corporation, the first Business Process Management (BPM) company to deliver advanced process, knowledge and analytics capabilities in a unified suite, is the fastest growing software company, and the third fastest growing company overall, in the greater Washington region, according to the most recent Washington Business Journal Fastest Growing Companies, 2004 list. Companies on this elite list are ranked according to three-year percentage revenue growth from 2001-2003. During this period, Appian grew 207.4%. In addition to posting organic, triple digit revenue growth from 2001-2003, Appian increased profitability, and significantly expanded its customer and employee base.
“Appian has established a solid track record since our inception five years ago,” said Kevin Spurway, VP of Marketing at Appian. “By assembling a strong and talented team, we have successfully executed on a vision for connecting people and information in ways that help people work smarter. We believe our technological innovation and experience, specifically in delivering a highly differentiated business process management suite, positions Appian well to lead and capitalize on an exciting and dynamic market.”
This ranking places Appian on the most prestigious list of hot companies in the area, which this year included Washington Post Company (NYSE: WPO), Cogent Communications (AMEX: COI), CACI International (NYSE: CAI), and Corporate Executive Board (NASDAQ: EXBD). Overall, companies that ranked on the Business Journal’s Fastest Growing Companies list had three-year growth rates ranging from 26.7% to 822.2%, with an average growth rate of 77.6%. Eight of the companies, including Appian, averaged more that 100% annual revenue growth. Of the 50 winning companies, 31 are based in Virginia, 12 in Maryland and 8 in the District of Columbia. The list is comprised of both public and private companies representing a wide range of industries, including technology, media, bioscience, security and hospitality.
To qualify for the Washington Business Journal’s Fastest Growing Companies List, companies must have headquarters in Maryland, Virginia or the District of Columbia; and had to have revenues of at least $2 million in 2001.
Appian provides a leading low-code software development platform that enables organizations to rapidly develop powerful and unique applications. The applications created on Appian’s platform help companies drive digital transformation and competitive differentiation. For more information, visit www.appian.com.