Appian Acquires Robotic Process Automation (RPA) Company
January 07 2020 - 6:00AM
Appian (NASDAQ: APPN) today announced the acquisition of Novayre
Solutions SL, developer of the Jidoka RPA platform. Jidoka is
currently the highest-rated RPA software on Gartner Peer Insights
(>50 reviews). The acquisition makes Appian a one-stop shop for
Automation, with best-in-class solutions for workflow, AI, and RPA.
According to Forrester, the RPA market is expected to reach $12
billion by 2023, but many organizations are still in the early
stages of their RPA journey.* Companies have experimented with RPA
by implementing robots from multiple vendors, resulting in a
fragmented technology landscape. Robots are often deployed in silos
without effective human oversight, creating management challenges.
CIO concerns about robot security and governance have also limited
the growth of RPA for larger-scale use cases.
Appian’s acquisition addresses these challenges. Appian
customers will benefit from:
- One-stop shop for Automation. Appian will
unify low-code development and RPA in one comprehensive automation
platform, enabling the orchestration of all three agents of modern
work -- humans, bots, and artificial intelligence. Appian’s
top-rated case management capabilities are included, so if robots
create errors or exceptions, humans are involved in-the-loop to
quickly make corrections.
- Governed robotic workforce. Appian will
deliver RPA governance for the enterprise. Organizations will be
able to manage robotic workforces from major RPA vendors, including
Blue Prism and UIPath. The business interfaces for managing robots
-- including monitoring, scheduling, and reporting -- are available
on both the web and mobile devices. The service will deliver
powerful analytics and reporting, ranging from impact analysis to
compliance.
- Enterprise-grade RPA. RPA from Appian
will be cloud RPA and Java RPA. The new service will be available
globally on the Appian cloud. Bot developers can leverage a
powerful Java Integrated Development Environment (IDE), which
enables them to build sophisticated robots. They will also be able
to incorporate powerful AI, powered by Google, that extends robot
use cases and facilitates bot management. Enterprise-grade
security, featuring SOC 2 and ISO 27001 compliance certifications,
will be built in.
- Trust. Appian is a public, NASDAQ-listed
company, and is the only leader in both the Gartner Magic Quadrant
for Enterprise Low-Code Application Platforms and for Intelligent
Business Process Management Suites (iBPMS). Appian is committed to
delivering an open platform and will continue to work with and
integrate to major RPA vendors, giving customers flexibility and
freedom of choice in RPA.
“Appian is extending our lead in low-code automation by adding
RPA,” said Matt Calkins, CEO, Appian. “Together, the products
enable end-to-end process orchestration where humans, software
robots, and AI all work together in a coordinated way.”
“Our shared vision for automation makes this a natural fit for
Novayre. By joining forces with Appian, we will make it easier for
companies to adopt and deploy RPA at enterprise scale,” said Víctor
Ayllón, CEO of Novayre.
Financial terms are not being disclosed.
If you would like to stay informed regarding Appian’s RPA
offering and to request access as it becomes available, please
visit the signup page.
* Source: Forrester report, RPA Services Market To Reach $12
Billion By 2023
Forward-Looking Statements
This press release includes forward-looking statements related
to Appian, Novayre Solutions SL, and the acquisition of Novayre
Solutions SL and its Jidoka RPA platform by Appian that involves
substantial risks, uncertainties and assumptions that could cause
actual results to differ materially from those expressed or implied
by such statements. All statements contained in this press release
other than statements of historical facts, including statements
regarding the potential benefits of the acquisition, Appian’s
plans, objectives, expectations and intentions, and the business of
Appian, are forward-looking statements. The words “anticipate,”
“believe,” “continue,” “estimate,” “expect,” “intend,” “may,”
“will” and similar expressions are intended to identify
forward-looking statements. Appian has based these forward-looking
statements largely on its current expectations and projections
about future events and financial trends that Appian believes may
affect its financial condition, results of operations, business
strategy, short-term and long-term business operations and
objectives and financial needs. Those forward-looking statements
are subject to a number of risks and uncertainties, including,
without limitation, the risks and uncertainties set forth in the
“Risk Factors” section of Appian’s Annual Report on Form 10-K for
the year ended December 31, 2018, filed with the Securities and
Exchange Commission on February 21, 2019, and subsequent reports
that Appian files with the Securities and Exchange Commission.
Moreover, Appian operates in a very competitive and rapidly
changing environment. New risks emerge from time to time. It is not
possible for Appian’s management to predict all risks, nor can
Appian assess the impact of all factors on its business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements Appian may make. In light of these
risks, uncertainties and assumptions, Appian cannot guarantee
future results, levels of activity, performance, achievements or
events and circumstances reflected in the forward-looking
statements will occur. Appian is under no duty to update any of
these forward-looking statements after the date of this press
release to conform these statements to actual results or revised
expectations, except as required by law.
About Appian
Appian provides a low-code automation platform that accelerates
the creation of high-impact business applications. Many of the
world’s largest organizations use Appian applications to improve
customer experience, achieve operational excellence, and simplify
global risk management and compliance.
For Information Contact:Nicole GreggsDirector
of Media Relations+1 703-260-7868nicole.greggs@appian.com
Appian (NASDAQ:APPN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Appian (NASDAQ:APPN)
Historical Stock Chart
From Apr 2023 to Apr 2024