Appian Recognized as Fastest Growing Software Company on Washington Business Journal's Fastest Growing Companies List.VIENNA, Va. -- Appian Corporation --With a Growth Rate of 207.4% Over a Three-Year Period, Appian is the Fastest Growing Software Company in the Region; and Ranks 3rd Overall, in the Washington Business Journal's 2004 List of the 50 Fastest Growing Companies Appian Corporation, the first Business Process Management (BPM) company to deliver advanced process, knowledge and analytics capabilities in a unified suite, is the fastest growing software company, and the third fastest growing company overall, in the greater Washington region, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the most recent Washington Business Journal Fastest Growing Companies, 2004 list. Companies on this elite list are ranked according to three-year percentage revenue growth from 2001-2003. During this period, Appian grew 207.4%. In addition to posting organic, triple digit revenue growth from 2001-2003, Appian increased profitability, and significantly expanded its customer and employee base. "Appian has established a solid track record since our inception five years ago," said Kevin Spurway, VP of Marketing at Appian. "By assembling a strong and talented team, we have successfully executed on a vision for connecting people and information in ways that help people work smarter. We believe our technological innovation and experience, specifically in delivering a highly differentiated business process management suite, positions Appian well to lead and capitalize on an exciting and dynamic market." This ranking places Appian on the most prestigious list of hot companies in the area, which this year included Washington Post Company (NYSE NYSE See: New York Stock Exchange : WPO WPO Women Presidents' Organization (New York, NY) WPO World Packaging Organization WPO World Powerlifting Organization WPO Werkplek Onderzoek (Netherlands) ), Cogent Communications (AMEX AMEX See: American Stock Exchange : COI), CACI CACI - A company developing and marketing SIMSCRIPT, MODSIM and other simulation software products. Telephone: +1 (619) 457-9681. International (NYSE: CAI (1) (Computer-Assisted Instruction) Same as CBT. (2) See CA. CAI - Computer-Aided Instruction ), and Corporate Executive Board (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EXBD). Overall, companies that ranked on the Business Journal's Fastest Growing Companies list had three-year growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. ranging from 26.7% to 822.2%, with an average growth rate of 77.6%. Eight of the companies, including Appian, averaged more that 100% annual revenue growth. Of the 50 winning companies, 31 are based in Virginia, 12 in Maryland and 8 in the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . The list is comprised of both public and private companies representing a wide range of industries, including technology, media, bioscience, security and hospitality. To qualify for the Washington Business Journal's Fastest Growing Companies List, companies must have headquarters in Maryland, Virginia or the District of Columbia; and had to have revenues of at least $2 million in 2001. About Appian Appian is the first business process management (BPM) company to combine process, knowledge, and analytics capabilities in a comprehensive suite. Extending the value of existing systems, Appian's award-winning software aligns business strategy and execution, delivering greater operational control over strategic business processes. Appian's customers include Fortune 500 companies, government agencies and non-governmental organizations. |
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