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Continued Growth in New Customer Adoption and Record Retention Rates Fuel Arena Solutions' Sales Growth for Q3 2008
Existing Customers Not Only Renewed Arena PLM Subscriptions, But Also Increased Their Investments at an Unprecedented Rate
FOSTER CITY, CA -- (Marketwire) -- 12/19/08 -- Arena Solutions, the leading provider ofon-demand product lifecycle management (PLM) software for manufacturers ofall sizes, today announced that continued growth in new customer adoption,combined with a net retention rate of 135 percent, fueled the company'squarter-over-quarter sales growth of 48 percent and year-over-year salesgrowth of 35 percent for its third quarter ended September 30, 2008.
In Q308, Arena continued to attract new customers from the electronics,medical device and clean technology markets, where efficiency and accuracyare critical success factors. Before adopting Arena PLM, most of thesecompanies relied on Microsoft Excel to manage critical product information,but found that tool to be a liability as their businesses became morecomplex.
Existing customers, who've used Arena PLM to increase accuracy, boostproductivity, and improve their competitive advantage, not only renewedtheir Arena PLM subscriptions during the quarter, but also increased theirinvestments at an unprecedented rate, demonstrating that in a down economy,the support Arena PLM provides in helping companies succeed and grow ismore important than ever.
During the third quarter, the adoption of Arena PLM among clean technologycompanies looking to accelerate product development to meet growing demandwas notable. Among these companies are Kinetics, which has provided processand mechanical solutions to the solar energy market for more than 10 years;Grid Net, a smart metering company that could help modernize the nation'sdigital energy grid and contribute to trimming the country's power usage by10 percent, reduce greenhouse gas emissions by 25 percent and eliminate theneed for $80 billion in new power plants; Coulomb Technologies, which isresponsible for building a curbside network of charging stations forelectric cars; and the Grand Cayman-based d. Light, which providesinnovative solar-powered lighting solutions to regions without electricity.
In addition, there was continued demand from medical device manufacturers,such as Alpha Med-Surge, Invivo Diagnostic, Avedro and Intrapace. For each,using Arena PLM to manage product data for compliance is critical formaintaining their competitive position.
"We've seen so many growing companies make a quick and successful move fromMicrosoft Excel to Arena PLM. Instead of the chaos that comes from managingproduct information in complicated spreadsheets, Arena offers acollaborative environment for centralizing, controlling and analyzing thiscomplex and constantly changing data," said Craig Livingston, chiefexecutive officer of Arena Solutions.
Debunking the myth that PLM implementations are lengthy and arduous,approximately 60 percent of new customers that purchased Arena PLM duringthe third quarter completed the entire implementation process within that12 week period.
Other significant highlights of Q3 2008:
-- Arena Solutions was included among the top 200 private technology companies of 2008 by Nollenberger Capital Partners Investment Banking Team. Arena was selected for its compelling solutions, broad market, solid management, demonstrated results and defensible intellectual property.-- Arena surpassed its 99.5 percent service level agreement for the tenth consecutive quarter, with 100 percent scheduled uptime in Q3 2008 and a continued commitment to building and delivering the most secure, reliable PLM solution available.
About Arena Solutions
Arena Solutions is the leading provider of on-demand (SaaS) productlifecycle management solutions for manufacturing companies of all sizes. Asthe only true on-demand, secure Internet-based PLM service, Arena PLMprovides a superior alternative to complicated, lengthy and expensivetraditional PLM software deployments. Through its award-winning service,Arena enables product manufacturers and their global supply chains tostreamline outsourcing, improve operational efficiencies, collaboration and speed time-to-market. Arena PLM has been adopted by more than 15,000 users acrosscompanies at all stages of development, including industry leaders FoundryNetworks, Color Kinetics, Intuit, Sierra Wireless, Align Technology andmore.
Arena Solutions' market-changing approach to PLM has received significantrecognition in the industry, including Manufacturing Business Technology'sTop 40 Emerging Vendors, the Supply & Demand Chain Executive 100, IndustryWeek's "Technology of the Year - Notable Innovators" and Start-ITMagazine's "Hottest" Companies and Top 50 Manufacturing Technologies.
Founded in February 2000, Arena Solutions is headquartered in Foster City,California. For more information, please visit the company's website atwww.arenasolutions.com.
Arena PLM is a trademark of Arena Solutions, Inc. Other product and companynames are the property of their respective holders.
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Contact:Cindi GoodsellArena Solutionscgoodsell@arenasolutions.com510.479.9015
Existing customers, who've used Arena PLM to increase accuracy, boostproductivity, and improve their competitive advantage, not only renewedtheir Arena PLM subscriptions during the quarter, but also increased theirinvestments at an unprecedented rate, demonstrating that in a down economy,the support Arena PLM provides in helping companies succeed and grow ismore important than ever.
During the third quarter, the adoption of Arena PLM among clean technologycompanies looking to accelerate product development to meet growing demandwas notable. Among these companies are Kinetics, which has provided processand mechanical solutions to the solar energy market for more than 10 years;Grid Net, a smart metering company that could help modernize the nation'sdigital energy grid and contribute to trimming the country's power usage by10 percent, reduce greenhouse gas emissions by 25 percent and eliminate theneed for $80 billion in new power plants; Coulomb Technologies, which isresponsible for building a curbside network of charging stations forelectric cars; and the Grand Cayman-based d. Light, which providesinnovative solar-powered lighting solutions to regions without electricity.
In addition, there was continued demand from medical device manufacturers,such as Alpha Med-Surge, Invivo Diagnostic, Avedro and Intrapace. For each,using Arena PLM to manage product data for compliance is critical formaintaining their competitive position.
"We've seen so many growing companies make a quick and successful move fromMicrosoft Excel to Arena PLM. Instead of the chaos that comes from managingproduct information in complicated spreadsheets, Arena offers acollaborative environment for centralizing, controlling and analyzing thiscomplex and constantly changing data," said Craig Livingston, chiefexecutive officer of Arena Solutions.
Debunking the myth that PLM implementations are lengthy and arduous,approximately 60 percent of new customers that purchased Arena PLM duringthe third quarter completed the entire implementation process within that12 week period.
Other significant highlights of Q3 2008:
-- Arena Solutions was included among the top 200 private technology companies of 2008 by Nollenberger Capital Partners Investment Banking Team. Arena was selected for its compelling solutions, broad market, solid management, demonstrated results and defensible intellectual property.-- Arena surpassed its 99.5 percent service level agreement for the tenth consecutive quarter, with 100 percent scheduled uptime in Q3 2008 and a continued commitment to building and delivering the most secure, reliable PLM solution available.
About Arena Solutions
Arena Solutions is the leading provider of on-demand (SaaS) productlifecycle management solutions for manufacturing companies of all sizes. Asthe only true on-demand, secure Internet-based PLM service, Arena PLMprovides a superior alternative to complicated, lengthy and expensivetraditional PLM software deployments. Through its award-winning service,Arena enables product manufacturers and their global supply chains tostreamline outsourcing, improve operational efficiencies, collaboration and speed time-to-market. Arena PLM has been adopted by more than 15,000 users acrosscompanies at all stages of development, including industry leaders FoundryNetworks, Color Kinetics, Intuit, Sierra Wireless, Align Technology andmore.
Arena Solutions' market-changing approach to PLM has received significantrecognition in the industry, including Manufacturing Business Technology'sTop 40 Emerging Vendors, the Supply & Demand Chain Executive 100, IndustryWeek's "Technology of the Year - Notable Innovators" and Start-ITMagazine's "Hottest" Companies and Top 50 Manufacturing Technologies.
Founded in February 2000, Arena Solutions is headquartered in Foster City,California. For more information, please visit the company's website atwww.arenasolutions.com.
Arena PLM is a trademark of Arena Solutions, Inc. Other product and companynames are the property of their respective holders.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact:Cindi GoodsellArena Solutionscgoodsell@arenasolutions.com510.479.9015
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