Appian Receives $10 Million Venture Funding from Novak Biddle

Appian, an innovative global provider of business process management (BPM) technology, announced today that it has received $10 million from Novak Biddle Venture Partners in the first round of venture funding in Appian’s nine-year history. Novak Biddle co-founder and general partner Jack Biddlewill join the Appian Board of Directors. Appian will use the funds to expand its leadership position in the market, and to invest in market adoption of its industry-changing Appian Anywhere software-as-a-service (SaaS) product, built on the award-winning Appian Enterprise BPM Suite

“With analysts predicting a significant growth pattern for the industry over the next several years, Appian is well positioned to emerge as the leading pure play BPM provider,” said Jack Biddle, general partner at Novak Biddle Venture Partners and Appian board member. “Their ability to bootstrap the business to this point is a strong indication that Appian's product offering and market strategy – implemented by an experienced management team – are meeting organizations' complex and diverse needs.”

Appian’s BPM technology helps companies around the world easily measure, manage, and optimize their busess processes to drive competitive advantage. Appian has achieved great success as a self-funded and profitable company, with more than 2.5 million seats of its software deployed across a diversified set of industries, more than $140 million of revenue, and leadership recognition from key industry analysts such as Gartner and Forrester. Appian Anywhere is the first and only full-featured BPM Suite delivered as a service.

“Appian has done something very few other companies can claim: grown itself organically into a market and technology leader,” said Matthew Calkins, President and CEO of Appian. “We believe our partnership with Novak Biddle will make Appian an even stronger company, and we are very pleased to welcome Jack to our Board.”

For Information Contact: Ben Farrell, Director, Corporate Communications, +1 703.442.1067 ben.farrell@appian.com


About Novak Biddle Venture Partners

Novak Biddle Venture Partners is a leading early stage venture capital firm focused on unique, cutting-edge technology investments in the Eastern United States, as well as targeted opportunities nationwide. With $580 million under management, Novak Biddle operates five venture funds that currently provide equity financing and management assistance to 42 portfolio companies. Novak Biddle continues to seek business situations where the combination of ideas, dollars, experience, and relationships can create long term, sustainable value. A sampling of companies funded by Novak Biddle include: RFID first-mover Matrics, voice over IP trailblazer Telogy, education technology leader Blackboard Inc. and intelligent video surveillance pioneer ObjectVideo. For more information, visit >www.novakbiddle.com.

About Appian

Appian is the BPM pure-play expert. Appian leads the market in BPM innovation, delivering comprehensive, flexible and easy-to-use solutions customized to the unique needs of individual organizations. Businesses and governments worldwide use Appian to simplify process innovation with the real-time visibility, control and analytics needed to improve the critical processes that determine business performance. Appian allows all users across the organization to effectively collaborate and be part of the process of achieving corporate goals. Appian is headquartered in the Washington D.C. region, with professional services and partners around the globe. For more information, visit www.appian.com.

Nathaniel Palmer
Author: Nathaniel PalmerWebsite: http://bpm.com
VP and CTO
Rated as the #1 Most Influential Thought Leader in Business Process Management (BPM) by independent research, Nathaniel Palmer is recognized as one of the early originators of BPM, and has led the design for some of the industry’s largest-scale and most complex projects involving investments of $200 Million or more. Today he is the Editor-in-Chief of BPM.com, as well as the Executive Director of the Workflow Management Coalition, as well as VP and CTO of BPM, Inc. Previously he had been the BPM Practice Director of SRA International, and prior to that Director, Business Consulting for Perot Systems Corp, as well as spent over a decade with Delphi Group serving as VP and CTO. He frequently tops the lists of the most recognized names in his field, and was the first individual named as Laureate in Workflow. Nathaniel has authored or co-authored a dozen books on process innovation and business transformation, including “Intelligent BPM” (2013), “How Knowledge Workers Get Things Done” (2012), “Social BPM” (2011), “Mastering the Unpredictable” (2008) which reached #2 on the Amazon.com Best Seller’s List, “Excellence in Practice” (2007), “Encyclopedia of Database Systems” (2007) and “The X-Economy” (2001). He has been featured in numerous media ranging from Fortune to The New York Times to National Public Radio. Nathaniel holds a DISCO Secret Clearance as well as a Position of Trust with in the U.S. federal government.