SOURCE: Appian Corporation

October 14, 2008 08:04 ET

Industry Veterans Join Appian Board of Directors

Novak Biddle and MapQuest Executives Will Help Guide and Accelerate Business Process Management Leader's Growth

VIENNA, VA--(Marketwire - October 14, 2008) - Appian, an innovative global provider of business process management (BPM) technology, today announced the appointments of two enterprise technology industry veterans to the Appian Board of Directors. Jack Biddle, Co-Founder and General Partner at Novak Biddle Venture Partners, and Michael J. Mulligan, former Chairman and CEO of MapQuest will join Appian CEO Matthew Calkins in helping guide the company's expanding leadership position. This announcement follows Appian's recent $10 million venture funding round, led by Novak Biddle. The round marked the first outside investment in Appian's history, after nine years of organic, profitable growth.

"The BPM market is predicted to grow substantially over the next few years, and Appian is emerging as the leading pure-play vendor," said Biddle. "Mike and I all look forward to partnering with Matt and the Appian executive team. By helping Appian continue its tradition of leading the evolution of BPM technology and delivering the easiest solutions to deploy, adopt and use, we will make the most of this market opportunity." With $580 million under management, Novak Biddle operates five venture funds that provide equity financing and management assistance to emerging market leaders. A sampling of companies funded by Novak Biddle include RFID first-mover Matrics, voice over IP trailblazer Telogy, education technology leader Blackboard Inc. and intelligent video surveillance pioneer ObjectVideo.

Michael J. Mulligan also brings more than 20 years of executive operations insight and experience to the Appian board. Currently President of Sea Level Investment Corporation, he is the former Chairman and CEO of MapQuest, the world leader in online mapping and driving directions (now a subsidiary of AOL Time Warner). At MapQuest, Mulligan designed and executed the strategy that drove the company's rapid growth to market leadership and a market value of more than $750 million. He successfully led the company through IPO and through its sale and integration into AOL. Prior to MapQuest, Mulligan was an executive with American Express, first in the Relationship Services group, where he oversaw the development of consequential new streams of profit through joint ventures, acquisitions, and business development, and later in the Travel Related Services group, where he developed and implemented the company's Interactive Travel strategy. Mulligan has also held executive and leadership positions with Berlitz International, Trans National Group Services, and Bain and Company.

"Appian is very lucky to have attracted such talent and experience to our board," said Calkins. "We have accomplished much with our own resources. The addition of the seasoned guidance of our new board members will help make Appian an even stronger company, and speed the execution of our growth strategy."

About Appian

Appian is the BPM pure-play expert. Appian leads the market in BPM innovation, delivering comprehensive, flexible and easy-to-use solutions customized to the unique needs of individual organizations. Businesses and governments worldwide use Appian to simplify process innovation with the real-time visibility, control and analytics needed to improve the critical processes that determine business performance. Appian allows all users across the organization to effectively collaborate and be part of the process of achieving corporate goals. Appian is backed by the premier venture firm Novak Biddle Venture Partners, and is headquartered in the Washington D.C. region, with professional services and partners around the globe. For more information, visit www.appian.com.

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