Arena experienced an impressive 61 percent increase in net new subscriptions over that same period, the best in the company’s history. Net new subscriptions growth measures the total increase in all subscriptions – new customer subscriptions plus renewals and expansions – minus any cancellations. Once again, Arena’s exceptional growth was influenced by the rapid adoption of the new products Arena has released over the past year, including Quality, Exchange, Demand, API and Projects.
“The market is clearly embracing the broader PLM product footprint we’ve added to our solution over the past 12 months,” said Craig Livingston, CEO at Arena Solutions. “And we will continue to add new features that uniquely differentiate Arena in the PLM market, such as the release of Arena Scribe, a next generation collaboration platform that enables our customers to collaborate with their internal teams, external suppliers and partners on individual items within the product record — all with a familiar social look and feel. Today, customers expect much more from their PLM system than as a place for the BOM to live. It’s becoming the central hub for broad communications within the supply chain about the product record and is one of the reasons Arena customers consistently deliver their innovative products to market faster than their competitors.”
New customers added in Q3 2014 include:
“This was a terrific quarter for Arena,” said Ken Bozzini, CFO at Arena Solutions. “Our company’s commitment to listening to and exceeding our customers’ highest expectations of both product functionality and the service level we provide has been rewarded with robust growth. And as we continuously improve in all areas, we expect our growth trajectory to continue rising as well.”
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.