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Appian Has a Plan To Win the Recession

TheMotleyFool

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Appian Has a Plan To Win the RecessionPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

Appian (NASDAQ: APPN) is different from most software-as-a-service companies in a number of ways.

The low-code specialist was founded in 1999, pre-dating the cloud software boom, and has been through several business cycles, including the financial crisis and the dot-com bust. It's based in Northern Virginia, away from the tech hub of Silicon Valley, and grew as a bootstrap, funded by its customers rather than venture capitalists like the typical Silicon Valley start-up.

While many CEOs seem to be downplaying the prospect of a recession and have said they don't see signs of one, Appian CEO Matt Calkins is taking the opposite approach.

Source Fool.com

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