INC. 500 Names Appian Corporation as one of America’s Fastest Growing Private Companies
Vienna, VA., October 26, 2004 – Appian Corporation, the first Business Process Management (BPM) company to deliver advanced process, knowledge and analytics capabilities in a unified suite, announced that it was named one of the fastest growing companies in America by Inc.500. The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. During this time, Appian posted organic, triple digit revenue growth, increased profitability, and significantly expanded its customer and employee base.
“Appian is pleased be recognized in this year’s Inc. 500 ranking of the fastest growing companies in North America,” said Matthew Calkins, CEO of Appian. “This honor reflects the tremendous accomplishments we have made over of the past four years, and acknowledges our ability to continue on a strong growth track despite challenging macro economic conditions. We believe the key to Appian’s continued growth and success lies in our ability to consistently deliver innovative software solutions that connect people and information in ways that enable our customers to achieve success.”
This year’s Inc. 500 is the first to reflect the tremendous start-up costs prevalent in the late 1990s economic boom. Further demonstrating the resilience of this year’s Inc. 500 crop is the fact that 102 of this year’s honorees, including Appian, started in 1999-meaning that they weathered the start-up costs of the overcapitalized boom and thrived during the impending bust that was one of the toughest periods for young companies in recent memory.
“The best thing you can say about this year’s Inc. 500 entrepreneurs is that they didn’t buy into the hype,” said Inc. editor-in-chief John Koten. “When people were practically giving away funding in the late 1990s, these companies didn’t overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity.”
Appian’s growth has been fueled by its success in providing integrated, process-centric solutions, which enable companies to make more efficient use of their existing IT assets. At a time when companies are seeking to orchestrate and leverage previously inaccessible data across their entire enterprise, Appian’s integrated collaboration, knowledge management and analytics solutions are providing customers with full visibility and control over their strategic business processes, thereby driving measurable increases in productivity and faster ROI.
Now in it’s 24th year, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses. To be eligible for this year’s Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales.
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.