AGF Selects Appian Enterprise BPM Suite to Increase Efficiency of Credit Fulfillment and Servicing Applications

Business Wire, April 23, 2007

Leading Canadian Investment Management Company Deploys Award Winning BPM Suite to Improve Process Flows Throughout Organization

VIENNA, Va. -- Appian, the leading provider of Business Process Management Suites (BPMS), announced today that AGF Management Limited, one of Canada's premier investment management companies, has purchased Appian Enterprise to deliver increased control over and visibility into key business processes. Initially, AGF is using Appian Enterprise to streamline and add increased structure to its credit fulfillment and credit servicing processes, with plans to roll it out for additional strategic applications within the next 12 months.

"As one of the leading investment management firms in Canada, AGF has a number of regulatory, internal and customer facing processes that drive our business, and we required a BPM solution that could help us structure and gain increased efficiency from these processes," said John Bennett, Executive Vice President at AGF.

As the foundation for documenting, controlling, automating and reporting on business processes, Appian Enterprise provides the scalability to quickly automate critical processes. The industry-leading Appian Enterprise BPM suite provides fully integrated process, knowledge and analytics capabilities to drive quantifiable ROI and expedite the delivery of next-generation, process-driven solutions. Appian Enterprise enables customers to automate, execute and optimize cross-functional business processes from beginning to end.

After an extensive competitive evaluation, AGF purchased Appian to deliver process knowledge into its credit fulfillment and servicing applications, and into the overall business. Following the initial implementation, AGF plans to leverage Appian through the organization to address a wide range of product line applications, including mortgages, deposit products and day-to-day banking.

Appian Enterprise provides organizations with the industry's most sophisticated platform for rapidly developing and deploying next-generation composite process applications. Appian's award-winning Business Process Management Suite (BPMS), Appian Enterprise, is the industry's only enterprise-class BPM solution to combine best-of-breed process management with broad collaboration and strong analytics functionality.

"Appian Enterprise has been architected to provide customers with the greatest control along with the greatest flexibility to change processes to address new business requirements or opportunities, and this provides AGF with the ability to increase the efficiency of its credit applications without worrying about future issues," said Matt Calkins, CEO of Appian. "Because we take a user focused approach to BPM, our customers can easily change their processes to address new employee, customer or regulatory needs without needing to re-engineer their applications. This will prove to be a key advantage for AGF."

About AGF Management Limited

AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world. 2007 marks AGF's 50th anniversary of providing Canadians with innovative investment solutions across the wealth continuum. AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Private Investment Management, Institutional Account Services and AGF Trust GICs, loans and mortgages. With approximately $52 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol "AGF.B".

About Appian

Appian is a leading provider of business process management (BPM) technology that helps organizations design, manage, and optimize their business processes. Appian Enterprise has revolutionized process design with a modeling environment that is simple enough for business users yet powerful enough for IT. Appian is the first BPM vendor to combine collaboration and content management with process to create best practice business processes. Appian's patent-pending Active Optimization Technology, which analyzes the in-flight process data stream, not just stored data, helps companies stay ahead of the competition. For more information, visit www.appian.com.