Appian Q2 results, Userlane & PwC enhance digital transformation, Celonis, SAP Signavio – PEX Vendor News

PEX Network’s weekly bulletin rounds up the latest industry vendor news including product releases/updates, mergers and acquisitions, partnerships and leadership changes.

This week includes:

• Appian publishes Q2 financial results
• Userlane and PwC accelerate enterprise digital transformation
• Celonis launches Platform Apps Program with ecosystem partners
• SAP Signavio intros multiple new process features
• Apromore receives $15 million funding to accelerate AI-driven process mining
• ABBYY seeks to address global AI demands with India expansion

Appian publishes Q2 financial results

Process automation vendor Appian published its second quarter 2024 financial results, reflecting a 19 percent year-over-year increase in cloud subscription revenue (US $88.4 million).

• Total subscriptions revenue, which includes sales of cloud subscriptions, on-premises term license subscriptions and maintenance and support, increased 20 percent year-over-year to $113.0 million, Appian stated.
• Professional services revenue decreased by 1 percent to $33.5 million compared to the second quarter of 2023. Total revenue was $146.5 million, up 15 percent compared to the second quarter of 2023.
• Cloud subscription revenue retention rate was 118 percent as of June 30, 2024.
• Generally accepted accounting principles (GAAP) operating loss was $39.2 million, compared to $40.7 million for the second quarter of 2023.
• Non-GAAP operating loss was $13.1 million, compared to $27.1 million for the second quarter of 2023.

“Due to enhanced functionality launched this quarter, Appian AI usage nearly doubled,” said Matt Calkins, CEO and founder of Appian. “Looking ahead, we are accelerating our path to profitability. We now expect to achieve adjusted EBITDA [earnings before interest, taxes, depreciation and amortization] breakeven for the full year 2024.”

Appian also announced that it will appeal a decision by the Court of Appeals of Virginia in a bid to reinstate its judgment of willful and malicious trade secret misappropriation against Pegasystems Inc. (“Pega”). The verdict from the jury was based on seven weeks of testimony from dozens of witnesses and thousands of pages of documents demonstrating that Pegasystems employed a “spy” to analyze the inner workings of Appian’s software, improve its own product and generate billions of dollars in revenue based on its misappropriation.

Userlane and PwC accelerate enterprise digital transformation

Digital adoption platform (DAP) Userlane expanded its partnership with PwC to accelerate digital transformation in enterprises. As part of the enhanced collaboration, PwC will now serve as an official distributor of Userlane, broadening the reach and impact of Userlane’s Digital Adoption Platform, according to a press release.

“Our collaboration with Userlane aligns with our commitment to support our clients in their digital journeys,” said Wolfgang Hufnagel, manager at PwC. “By leveraging Userlane’s advanced analytics and DAP capabilities, we can provide deeper insights and more effective change management strategies, ultimately enhancing technology adoption and organizational efficiency.”

Celonis launches Platform Apps Program with ecosystem partners

Process mining and process intelligence leader Celonis launched the Celonis Platform Apps Program, enabling companies to access domain-specific applications built in partnership with the firm’s partners. The program kicks off with four purpose-built apps, co-created by Celonis and ProcessLab, Marcadus, Ashling Partners and KMLZ, offering dedicated solutions for banking, oil, gas and chemical, manufacturing and cross-industry use cases.

“The Celonis Platform Apps Program demonstrates the massive potential that results from combining the power of the Celonis Process Intelligence Platform with the deep domain expertise of our partner Ecosystem,” commented Carsten Thoma, president of Celonis. “The Celonis Process Intelligence Graph is like a Wikipedia of process intelligence. It sits above a company’s raw data and gives it meaning and context. It provides an extensible data model, embedded AI offerings, AI-enabling process insights and the ability to understand and fix the delta between the ‘as is’ and ‘to be’ states of the business.”

The first Celonis Platform Apps Program apps are:

• Celonis Cross Border Payments, powered by ProcessLab.
• Celonis Plant Maintenance Navigator, powered by Marcadus.
• Celonis Maintenance Control Center, powered by Ashling Partners.
• Celonis Tax-Ray, powered by KMLZ.

SAP Signavio intros multiple new process features

SAP Signavio announced the general availability of its August 2024 release, introducing a raft of new process features.

Image left: SAP Signavio analytics language (SIGNAL) OData API to access process mining data.

These include:

• AI capabilities that streamline the process of defining and enhancing business process models.
• SAP Signavio Process Insights features that optimize processes and drive better business outcomes.
• A new plug and gain connector within SAP Signavio Process Intelligence and SAP Signavio Process Insights.
• New entry points for process reports in SAP Signavio Process Collaboration Hub that centralize access, streamline navigation and enhance accessibility.
• A new Activity Interface that offers increased flexibility and ease of use when building business process model and notation-based governance
• More value accelerators across the entire suite to streamline processes, reduce inefficiencies and drive faster time to value across various domains.

Apromore receives $15 million funding to accelerate AI-driven process mining

Process mining vendor Apromore secured an additional $15 million funding as an extension to its Series. The new investment will be used to accelerate the firm’s AI product roadmap and support additional expansion in the US and Europe, according to a press release.

“Process mining has emerged as a critical solution for businesses seeking to enhance operational efficiency, enable better customer experience and accelerate digital transformation,” commented Marcello La Rosa, CEO and co-founder of Apromore. “It’s expected that one in four global enterprises will have process mining platforms in the next twelve months. We’re proud to see such strong interest in Apromore, which not only validates our vision and current trajectory, but also fuels our ambition to define what’s possible in the field of process mining and operational intelligence.”

ABBYY seeks to address global AI demands with India expansion

Intelligent document processing (IDP) vendor ABBYY is aiming to meet the growing demand for AI-powered solutions with new offices in India. The firm announced the launch of a new research and development center in Bengaluru and a center of excellence in New Delhi.

India is one of the most impactful technology markets in the world with its digital economy rapidly accelerating. AI and cloud technologies are a key priority as businesses power ahead with investments. “Increased demand for these services has left India experiencing a dramatic period of unprecedented digital growth, with the country now anticipated to become one of the largest economies by 2027. Forrester has even forecast that technology spending in India will increase to $54.5bn by this time,” according to a press release. “India’s vibrant tech ecosystem and unrivalled talent offer tremendous opportunities for organizations to leverage our AI-powered intelligent automation offerings,” commented Ulf Persson, CEO at ABBYY.

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