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Arena Solutions Honored with Start Magazine’s Hottest Company Award
Company’s Rapidly Expanding Customer Base and On-Demand PLM Service Model Key In Receipt of Second Straight Annual Honor
MENLO PARK, Calif., July 19, 2004 — Arena Solutions, Inc., the leading provider of on-demand Product Lifecycle Management (PLM), today announced it was honored with the prestigious Hottest Companies of 2004 award from Start Magazine. Arena, the fastest growing PLM provider with its on-demand software-as-a-service model, was honored by Start for the second consecutive year based on the company’s growing base of satisfied customers.
Start Magazine, the voice of the manufacturing executive, conducts its annual ‘Hottest Companies’ award to recognize the top technology providers that have developed innovative applications for the manufacturing industry.
“Arena continues to achieve growth among product manufacturers that are taking advantage of the on-demand PLM solution to drive cost savings and process efficiencies,” said John Buell, Editor-in-Chief of Start Magazine. “We congratulate Arena for being named one of Start’s Hottest Companies of the year.”
With over 150 customers and 300 percent annualized revenue growth, Arena is outpacing more established PLM providers by offering an attractive alternative to cumbersome and costly client-server solutions. The Start Magazine honor is Arena’s third industry award since last year.
The frustrations of product manufacturers with the old client/server software model are really coming to light as they seek an alternative via on-demand software. By using Arena PLM, customers achieve competitive advantages through effective outsourcing, dramatically reduced errors and overruns in the manufacturing process, and the ultimate delivery of their products to market faster.
“We are thrilled to receive Start’s recognition of our continued success and momentum,” said Michael Topolovac, CEO of Arena Solutions. “As a widely referenced and respected publication, Start is a leading influence in the manufacturing industry, and we’re honored to be among the elite companies in the category that the magazine identifies.”
About Start Magazine
Start, the voice of the manufacturing executive, provides executives with a balance between the technology issues and the greater business management issues facing executives today. Start offers the most sound technology advice coupled with solid coverage of the financial, political, and management news and events shaping manufacturing. Rather than simply pitching the latest concepts in technology, Start focuses on the business issues impacting the manufacturer's bottom line. That is exactly why Start has become, and will remain, the first word on manufacturing innovation, driven by technology. For more information, please visit www.startmag.com
About Arena Solutions
Arena Solutions is the leading provider of on–demand (SaaS) product lifecycle management solutions
for manufacturing companies of all sizes. As the only true on–demand, secure Internet–based
PLM service, Arena PLM provides a superior alternative to complicated, lengthy and expensive traditional
PLM software deployments. Through its award–winning service, Arena enables product manufacturers and
their global supply chains to streamline outsourcing, improve operational efficiencies, and speed time–to–market.
Arena PLM has been adopted by more than 15,000 users across companies at all stages of development, including industry leaders
Foundry Networks, Color Kinetics, Intuit, Sierra Wireless, Align Technology and more.
Arena Solutions’ market–changing approach to PLM has received significant recognition in the industry, including Manufacturing Business Technology’s Top 40 Emerging Vendors, the Supply & Demand Chain Executive 100, Industry Week’s “Technology of the Year – Notable Innovators” and Start Magazine’s “Hottest” Companies.
Founded in February 2000, Arena Solutions is headquartered in Foster City, California. For more information, please visit the company’s website at www.arenasolutions.com.
Contact:
Cindi Goodsell
cgoodsell@arenasolutions.com
1.510.479.9015
Arena PLM is a trademark of Arena Solutions, Inc. Other product and company names are the property of their respective holders.
