Nine Arena Solutions Customers IPO in Last 18 Months; Three Acquired For More Than $2 Billion Each
Foster City, Calif., Sep 17 - Arena Solutions, the pioneer of cloud-based product lifecycle management (PLM) applications, announced today that nine customers have mounted an initial public offering (IPO) and three have been acquired for more than $2 billion each within the last 18 months.
Arena provides a suite of cloud-based PLM solutions that enable technology and medical device OEMs (original equipment manufacturers) to take complete control of the product lifecycle. It keeps the bill of material data and quality process centralized, controlled, and up-to-date with increased visibility, fewer errors, less scrap and rework, higher quality, better cost control and reduced time to market. As a cloud-based solution, Arena scales effortlessly as customers grow, with a robust feature set that meets the needs of large enterprises and fast growth startups alike.
Some of the nine Arena customers that have undergone an IPO in the last 18 months include:
Like its customers, Arena is also growing fast, fueled by the company’s continued success in the mid-enterprise and by high demand for the innovative new products Arena has released over the last nine months (Quality, Projects, Demand, Exchange and API). In the second quarter of this year, Arena grew four times faster than the PLM market as a whole, and in the mid-enterprise segment, the average deal size grew by 44 percent.
“Fast growing companies of all sizes have come to recognize that Arena’s cloud PLM solutions enable them to take the money they would have spent in up-front capital and implementation costs for a traditional, on-premises PLM solution and invest it in engineering and NPD (new product development),” said Steve Chalgren, vice president of product management and strategy at Arena Solutions. “They’re not just saving money; they’re able to create additional products much faster thereby increasing revenue. Add in Arena’s ability to grow right alongside them and its rich set of features and capabilities, and it should come as no surprise that today’s hottest and most innovative companies are using Arena.”
About Arena Solutions
Arena pioneered cloud-based PLM. Arena’s suite of PLM and supply chain solutions enable engineering, manufacturing and their extended supply chains to speed prototyping, reduce scrap, streamline their supply chain, improve margins, and collapse time to market. Arena PLM applications simplify bill of materials (BOM) and change management for companies of all sizes, while offering the right balance of flexibility and control throughout the product lifecycle — from prototype to production. Based in Foster City, Calif., Arena has been ranked as a Top 10 PLM provider and Top 5 Supplier Collaboration solution. Arena also holds a spot on the San Francisco Business Times’ Best Places to Work List for 2013.