Foster City, Calif., Sep 12 – Arena Solutions, the leading cloud-based product realization platform for complex electronics and medical device companies, announced today it has opened new offices in Austin, Texas and Suzhou, China in response to rapid growth and success in the Internet of Things (IoT) and medical device markets.
More than 1,000 manufacturing customers use Arena’s comprehensive cloud-based software to increase the success of new product development (NPD) and new product introduction (NPI) initiatives. Using Arena, manufacturers improve visibility and enhance collaboration, enabling dispersed teams to introduce innovative products rapidly with fewer errors. The company is achieving growing success in the IoT market, which IDC predicts will reach $1.2 trillion in spending by the end of 2022. According to Lucintel, the global medical device market, which is also heavily influenced by IoT, is expected to reach an estimated $409.5 billion by 2023. Arena just opened two new offices in Austin and Suzhou to expand hiring for sales, marketing, and professional services staff. Arena’s expansion in Suzhou will increase software development to support the existing team of developers in Foster City, Calif. “Arena’s success has been driven by our employees who are helping manufacturers break through the barriers of traditional product lifecycle and quality management,” said Fred Waugh, Arena vice president of marketing. “By tapping into the strong talent pool in Austin and Suzhou, we are building out a much bigger and empowered team to accelerate global supply chains.”
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