Appian, a global provider of BPM, announced that they are receiving $10 million in funding from Novak Biddle Venture Partners as announced in their press release. Jack Biddle, partner at Novak and an Appian board member, had this to say:
"With analysts predicting a significant growth pattern for the industry over the next several years, Appian is well positioned to emerge as the leading pure play BPM provider. Their ability to bootstrap the business to this point is a strong indication that Appian's product offering and market strategy - implemented by an experienced management team - are meeting organizations' complex and diverse needs."
Industry insiders, as pointed out in this blog post are excited by this news. The feeling is that this will help increase the use of the SaaS model since according to company executives, Appian is increasingly becoming more “SaaS-oriented”. As the post mentions:
Appian is one of very few BPMS leaders actively pursuing the SaaS model, and they believe they are ahead of competitors in both the “vision” and the technology.
Also, we're getting ready to launch a new blog that looks at the broader issues of Business Process Management, update your RSS feed now as we get it ready for our official launch: http://evolvebpm.blogspot.com/
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