Continued PLM innovation that enables Arena customers to take full advantage of cloud synergies drove Arena’s growth. Arena’s continued engineering investment in broadening the solution’s footprint resulted in Arena customers enjoying the release of five new modules within the last nine months (Quality, Exchange, Demand, Projects and API). These new modules alone accounted for 44 percent of the total annual subscriptions from new customers in Q2 2014. The value proposition was once again particularly strong in the mid-enterprise segment, with average new customer annuity deal size increasing 34 percent from Q1 2014 to Q2 2014.
New customers added in Q2 2014 include:
“Our investment in new product development is clearly paying off,” said Craig Livingston, CEO of Arena Solutions. “And not surprisingly, given how rapidly we’re growing and innovating, Arena has also grown its headcount, which is now 25 percent larger than it was at the end of last year. We expect to continue hiring at a brisk pace, and, in fact, are now looking for a new headquarters for the second time in two years to ensure we have enough space to accommodate future growth in engineering, sales and marketing.”
About Arena Solutions
Arena pioneered cloud-based PLM. Arena’s suite of PLM and supply chain solutions enables 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.