Arena Solutions Names Martin Huml as Chairman of the Board
Successful Entrepreneur and Private Equity Investor Brings Experience to Fastest-Growing On-Demand PLM Company
Foster City, Calif., August 9, 2004 — Arena Solutions, Inc., the leading provider of on-demand Product Lifecycle Management (PLM), today announced the appointment of Martin Huml as chairman of the board of directors. A successful entrepreneur and venture investor, Huml is founder and managing partner of Runway Capital LLC and a current Arena Solutions director.
“Martin brings that rare combination of strategic and tactical insights, which is so important to a fast-growing company. It is a win for Arena to have Martin in this role,“ noted Yogen Dalal, managing director of Mayfield.
“We have experienced tremendous growth over the last year,” said Michael Topolovac, chief executive officer of Arena Solutions. “During that time I have been fortunate to work closely with Martin as a board member, and I could not be more pleased to have him assume the role of chairman. Few CEOs are fortunate enough to have a chairman who provides guidance not only in what to do, but also in how to do it. Keen insight into the latter is what entrepreneurs find most valuable--and what Martin is so adept at providing.”
Prior to starting Runway Capital, Huml founded and ran a consulting business advising venture capital firms on their portfolio companies. His clients included blue-chip firms such as Mayfield, Soros, JPMorgan Capital Partners, and Technology Crossover Ventures. Previously he was a vice president in the private equity group at Credit Suisse First Boston in London. Huml began his business career as an entrepreneur, founding, running and successfully selling a company that he had built into the exclusive Apple distributor for Russia, Czechoslovakia and most of the rest of Central and Eastern Europe.
“Arena is playing a significant role in the evolution of enterprise software. The 1980s were about mainframes, the 1990s about client/server solutions, and the 21 st century brings on-demand computing,” said Huml. “The recent successful IPO and strong market valuation of Salesforce.com validate that trend. I’m excited to continue working with the team at Arena to help drive the next big wave in software.”
By providing an alternative to cumbersome and costly client/server solutions, Arena offers the most widely chosen PLM solution today. Its more than 170 customers and 300 percent annualized revenue growth have come as the company has added more new customers per quarter than larger PLM providers. With its unique on-demand approach, the company is well positioned to address the $2.3 billion PLM market that is expected to grow 25 percent annually.
Huml graduated with honors with an M.S. in Electrical Engineering and Computer Science from the Czech Technical University, and he holds a postgraduate degree in Finance from the Stern Graduate School of Business at New York University. Huml currently serves on the board of directors for Agraquest, Inc. and is chairman of Konsepti.
About Arena Solutions
For over a decade, Arena has been redefining PLM with a suite of cloud applications that enable engineering, manufacturing and their extended supply chains to work better together—from first prototype to full-scale production. Arena helps innovative manufacturers bring better products to market faster with cloud PLM offerings that speed prototyping, reduce scrap and help manufacturers collaborate on product changes with strategic partners across the globe.
Arena cloud PLM products simplify bill of materials (BOM) and change management, and offer manufacturers the right balance of flexibility and control—at every point in the product lifecycle. PartsList and PDXViewer are lightweight single-user applications that allow manufacturers to move quickly and efficiently while designing, documenting and sharing a prototype. When scaling to production and beyond, the Arena core application provides full PLM functionality so manufacturers can control revisions, manage the engineering change process and selectively share accurate, up-to-date BOMs with partners, suppliers and contract manufacturers.
Founded in February 2000, Arena Solutions is headquartered in Foster City, California.
To learn more about Arena Solutions:
- Visit the Arena Solutions website.
- Read the Arena blog on product design, development and manufacturing.
- Follow @arenasolutions on Twitter.
- Follow Arena on LinkedIn.