Arena Solutions Included Among the Top 200 Private Technology Companies of 2008 by Nollenberger Capi
Foster City, Calif., Jul 16 - Arena Solutions, the leading provider of on-demand (software-as-a-service or SaaS) product lifecycle management (PLM) software for manufacturers of all sizes, today announced that Nollenberger Capital Partners, Inc. (NCPI), a privately held investment banking and advisory services firm, selected Arena as one of the Top 200 Private Technology Companies of 2008. Based on proprietary and industry-wide analysis, including the examination of thousands of private company business models, financials and management teams, NCPI
"After much due diligence, we welcome Arena Solutions to our exclusive roster of the top 200 private technology companies and would like to congratulate the management team and their investors who we believe have selected wisely," said Rick Juarez, head of investment banking and managing director of Nollenberger Capital Partners. "We are pleased to recognize Arena's strong leadership, its full-featured, on-demand PLM technology, and the fast-growing list of customers that are using Arena PLM to rapidly deliver innovative products to market."
The Nollenberger Capital Partners special report on the top 200 private technology companies of 2008, released in May, establishes that approximately 67.5 percent of the companies on the 2006/2007 inaugural list have either announced and/or executed an IPO, been acquired, or raised additional capital at an uptick since being recognized in May 2006. Companies who have made the Top 200 Private Technology Companies list represent some of today's most recognized brands and have financial backing from top investment firms.
"We're pleased to be included in this group of such impressive companies," said Craig Livingston, chief executive officer of Arena Solutions. "When customers purchase our PLM software, they not only get the benefits that come with full-featured PLM, but also the ease of implementation, ease of use, ease of collaboration and affordability that comes with our on-demand delivery model. And because they pay for our services annually, they communicate year after year with their dollars, letting us know whether we're adding value, providing a positive return on their investment, and delivering high-quality service. I'm happy to say the message is loud and clear that we're doing very well. We continue to have great momentum, having recently reported new bookings growth of more than 40 percent and recorded the highest percentage of customer renewals and subscription growth in the company's history."