Arena Solutions Doubles Customer Base in Record Fiscal Year 2006
Foster City, Calif., Apr 23 - Arena Solutions, the leading provider of on-demand product lifecycle management (PLM) software for manufacturers of all sizes, today reported that new bookings for the fiscal year ended December 31, 2006, grew by more than 39 percent over the previous year. The company nearly doubled its customer base in 2006, reflecting a surge in new adoption for the quick-to-deploy and easy-to-use on-demand PLM solution. Accompanying this growth was significant growth in the 'ecosystem' that collaborates with Arena PLM customers, with the supplier user community nearly doubling in 2006 as well.
The company's consistently high performance was driven in part by positive customer reaction to the innovative new functionality provided in two major releases of Arena PLM during the year. Enhancements focused on simplifying integration between Arena PLM and essential enterprise systems, delivering even higher levels of security and enriching customer experience so users could more easily customize and manage their PLM system. In addition, Arena delivered a first-of-its-kind, value-added enterprise service in partnership with Avnet Electronics Marketing that lets Arena PLM customers integrate dynamic, rich reference content, including RoHS and environmental regulation data, directly into Arena PLM with a single click. To further simplify collaboration across the outsourced supply chain Arena also integrated Skype software, enabling users, from within the context of their Arena PLM environment, to detect the online presence of individual product team members and instantly engage them in a VoIP call or text chat.
As the fastest-growing provider of PLM, Arena set the bar even higher in fiscal 2006, helping game-changing manufacturers from the electronics, medical, consumer and automotive industries—including Leatherman Tool Group, Pay By Touch, Engine Power Source, ShoreTel, Measurement Specialties, Life Fitness, Control4, Pointe Conception Medical, Iconix Video, Desktop Factory, Energy Innovations and more—deliver higher quality products to market faster, better manage and maintain regulatory compliance and collaborate more effectively with ever-expanding global supply chains.
“We are pleased to finish another year distinguished by constant, healthy growth. Our success is due in large part to the value that all of these companies—successful brands that span the breadth and depth of manufacturing—derive from Arena PLM,” said Michael Topolovac, chief executive officer of Arena Solutions. “On the heels of this record year, we're looking into 2007 with great optimism. We're seeing the on-demand advantage in action, with customers immediately beginning to use the new project collaboration functionality introduced in our Winter '07 release earlier this year: Within just hours of the feature going live, customers had already begun creating projects for initiatives ranging from RoHS compliance to new product development.”
“In 2006, we saw Arena Solutions make good progress in deepening the market's understanding of what on-demand means. Arena PLM on-demand enables users to benefit immediately from the company's expanding feature offerings as they become available, and gives users the ability to tie together products, projects and their supply chain in a single location,” said analyst Gisela Wilson, director of IDC's Product, Project and Portfolio Management Solutions program. “The recent Avnet and Skype integrations in Arena PLM further demonstrate the power of on-demand and will certainly help users reduce errors, increase productivity and collaborate more effectively.”
“I used to work in contract manufacturing, where I saw customers trying to address their PLM needs with a wide range of solutions—from Microsoft® Excel to expensive client/server installations. Arena PLM stood out among them as a sophisticated system that was successfully meeting the needs of numerous companies,” said Joe Finegold, vice president of operations at Iconix Video. “At Iconix, all it took was a quick investigation to determine that Arena PLM was the right choice for us too. As our primary location for storing BOM data, processing change orders and communicating with contract manufacturers and strategic suppliers, Arena PLM provides tremendous value by enabling everyone to collaborate around a single source of data. We can make sure our external partners have complete and accurate information just by copying them on change orders. With no extra work on our part, they get all the transparency they need—and we get full traceability.”