Appian Stock Price, News & Analysis

Appian (APPN) has achieved a significant milestone by securing the US Department of the Interior as a client, making it the technology provider for all 15 cabinet-level agencies in the US federal government. The company's solutions are extensively used across all military branches and Fourth Estate agencies. Appian has obtained FedRAMP compliance for its AI features, including document classification, extraction, and email classification. The company's low-code process automation platform helps public sector organizations improve mission-critical capabilities through process orchestration and AI-driven insights, serving over 200 distinct public sector organizations across five continents.

Acclaim Autism has implemented Appian's private AI capabilities to enhance its patient onboarding process, achieving significant improvements in efficiency and accuracy. The solution streamlines the processing of unstructured medical documents, automating the extraction of essential patient information while maintaining HIPAA compliance. The implementation has resulted in a 95% accuracy rate in data extraction and is expected to reduce patient intake wait times by over 80%, from 3-6 months to less than 30 days. In existing service areas, eligible clients can now expect intake times of less than ten days.

Appian (Nasdaq: APPN) has achieved top rankings in the 2024 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report. The company ranked #1 for the Complex Internal Applications Use Case and second for both External-Facing Applications and Tactical Internal Applications Use Cases. Appian was also recognized as a Leader in the Gartner Magic Quadrant for Enterprise LCAP.

The Critical Capabilities report evaluated 13 low-code platform vendors across three use cases. Malcolm Ross, SVP of Product Strategy at Appian, highlighted the company's focus on orchestrating business processes and its innovations in AI and integrated process automation as key differentiators.

Appian invites interested parties to download the complimentary reports and connect with them at the Gartner IT Symposium/Xpo™ 2024 in Orlando, Florida from October 21-24, 2024.

Appian (Nasdaq: APPN) has appointed Mark Dorsey as Chief Revenue Officer. Dorsey will lead the company's global sales operation to accelerate growth, reporting directly to CEO Matt Calkins. With over 25 years of experience in strategic sales leadership, Dorsey has held executive roles at Oracle, IBM, and Alteryx.

At Oracle, Dorsey served as SVP of Enterprise Cloud Sales, playing a important role in launching Oracle's cloud business and transitioning the sales organization from on-premise to cloud-based solutions. He also led Oracle's Retail Vertical and previously managed sales for both Retail and Healthcare sectors within the Technology Division for North America.

Appian has reaffirmed its guidance for the third quarter of 2024 and full year ending December 31, 2024, as previously provided in its Q2 earnings release and conference call on August 1, 2024.

Appian (Nasdaq: APPN) has announced that it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before the U.S. financial markets open. The company will host a conference call and live webcast to discuss the results and business outlook at 8:30 a.m. Eastern Time.

Participants can join the call by registering through a provided link, which allows them to dial in using their phone or choose the Call Me option for instant connection. The conference call will also be available via live webcast on Appian's Investor Relations webpage. A replay of the webcast will be accessible on the same page after the call concludes.

Appian (Nasdaq: APPN) has announced the election of Carl "Boe" Hartman II to its Board of Directors, effective October 1, 2024. Hartman will also serve on Appian's Compensation Committee. As the Co-Founder and CTO of Nomi Health, Hartman brings over 30 years of global banking leadership experience to Appian's board.

Prior to Nomi Health, Hartman was a Partner and Managing Director at Goldman Sachs, leading digital transformation initiatives. His expertise in leveraging emerging technologies for growth aligns with Appian's vision for enhancing digital transformation. Hartman also serves on the boards of Valkyrie Andromeda and Rational Exponent, and is a founding Advisory Board Member of Austin FinTech.

Appian (Nasdaq: APPN) has announced a partnership with Children's National Hospital to support pediatric healthcare in the Washington, DC area. The collaboration includes two key events: Appian's Backyard Bash on September 12, 2024, and sponsorship of the Children's National Race for Every Child 5K on October 19, 2024. These initiatives aim to raise awareness and funds for pediatric healthcare in the community.

Children's National Hospital, recognized for its expertise in pediatric care and research, has been a leader in the field for over 150 years. Appian's commitment to supporting healthcare initiatives that benefit children and families in the DMV region aligns with Children's National's mission to reimagine pediatric care and promote health equity.

Appian (Nasdaq: APPN) has announced that three of its partners have been awarded a $145.9 million multiple-award contract through the Department of Defense Enterprise Software Initiative (DoD ESI). This agreement will provide the U.S. Navy with Appian's commercial off-the-shelf (COTS) software, hardware, and maintenance support over a five-year period.

The contract was awarded to Carahsoft Technology Corp., Groundswell, and TD Synnex Public Sector. This DoD ESI program is designed to centralize IT product and service acquisition across the Department of Defense, streamlining procurement and leveraging the DoD's buying power for potential discounts. Appian's inclusion as a key technology vendor under the DoD ESI is seen as a significant endorsement of its capabilities, particularly in the public sector.

Appian (Nasdaq: APPN) has unveiled the latest version of its platform, focusing on transforming enterprise data and process automation with AI-driven innovations. Key features include:

1. Enhanced AI capabilities with expanded compliance and support for more enterprise use cases.
2. AI Copilot updates for faster data insights and document analysis.
3. HITRUST certification for AI Copilot and AI Skills, ensuring compliance with HIPAA.
4. New AI enhancements like AI Copilot for data fabric, Enterprise Copilot, and Process HQ with AI-suggested starting points.
5. Expanded availability of Prompt Builder AI skill in new cloud locations globally.

These updates aim to streamline workflows, integrate people, technology, and data, and enable more informed decision-making across enterprises.