Appian announced on July 14th 2008 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 Biddle will join the Appian Board of Directors. Appian will use the funds to expand its leadership position in the market through further developments to its partner network, and to invest in market adoption of its Appian Anywhere software-as-a-service product, built on the Appian Enterprise BPM Suite.
Appian's BPM technology helps companies around the world easily measure, manage, and optimize their business 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. Appian Anywhere is a BPM Suite delivered as a service.
Matthew Calkins, President and CEO of Appian, said "Appian has done something very few other companies can claim: grown itself organically into a market and technology leader. We believe our partnership with Novak Biddle will make Appian an even stronger company."