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Thursday, October 13, 2005

SEC picks Appian for Web-based purchasing

Securities and Exchange Commission officials have awarded a $2.8 million contract to Appian to develop a Web-based purchasing system.

The company will overhaul what is essentially a manual procurement process, said Ambarish Desai, the company’s director of solutions. He said the SEC’s current homegrown system is a combination of paper files and spreadsheet software that lacks coordination among groups.

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