Appian Corp (NASDAQ: APPN)

Appian Corporation provides process automation technology. For over twenty five years its highly reliable and scalable platform has been used by large enterprises and governments. The platform combines process orchestration and intelligence to enable organizations to design automate and optimize critical processes.

Appian generates revenue primarily through subscription sales of its software platform. The company also earns income from professional services that help customers build and deploy applications on the platform. Revenue growth comes from adding new customers expanding the user base of existing customers and increasing product usage through new business processes and applications. Appian sells its offerings directly and through strategic partners such as system integrators and consulting firms.

Appian operates in the competitive business automation market where it faces rivals ranging from custom software developers to providers of development platforms and specialized automation tools. The company differentiates itself through its unified data fabric artificial intelligence capabilities and strong enterprise grade security controls. Appian believes it competes favorably on platform features reliability performance ease of integration and total cost of ownership.

Appian serves a diverse set of customers across industries including financial services government life sciences insurance manufacturing energy healthcare telecommunications and transportation. The company focuses on organizations with more than two thousand employees and at least two billion dollars in annual revenue. No single customer accounted for more than ten percent of total revenue in recent years.