Appian Gets Into Software Robotics With First-Ever Acquisition
After a strong 2019 for Appian (NASDAQ: APPN) -- shares ended the year up 43%, although they had been up far more at one point -- the low-code software stock is showing some signs of strength again. It's just over a week into 2020, and Appian has surged 13% higher.
Wild swings in value over short periods of time are the norm for small stocks like Appian, but investors are always keen on a reason for the action. Often there are no answers, but this latest jump is likely tied to the news that the company recently made its first-ever acquisition: Robotic process automation (RPA) company Novayre Solutions, developer of the Jidoka RPA platform.
Low-code, RPA, automation platforms ... what is all this stuff? It may not exactly be an everyday topic for most, but all of these technologies are important tools for software developers and IT teams as the world goes digital.
Source Fool.com
