CIMdata PLM Industry Summary Online Archive
28 May 2008
Financial News
Arena Solutions Announces 46 Percent Growth in Sales of Arena PLM for First Quarter 2008
Arena Solutions announced a gain of 46 percent in sales of Arena PLM for its first quarter, ending March 31, 2008. A new customer went live on Arena PLM every three business days. In addition, the first quarter marks the company's best ever for customer retention and increased investment. At a net retention rate of 114 percent, the vast majority of existing customers renewed their Arena PLM subscriptions and many increased their investments in the solution too. This demonstrates not only the scalability of Arena PLM, but also the support the software provides in helping companies succeed and grow.
Arena PLM's modern web-based architecture enables customers to deploy the solution faster, easier and at a lower cost than traditional client/server applications, and as a result, see an instant return on their investment. During Q1 2008, nearly 85 percent of the new customers that went live on Arena PLM completed the entire implementation process -- from purchase date to deployment to go-live -- in less than 12 weeks. More than half of that group implemented Arena PLM in eight weeks or less.
Arena further expanded its international footprint, with a growing number of manufacturers from around the world opting for Arena PLM to help them maintain tight control over their product record. International customers this quarter -- from countries as geographically dispersed as Australia, Germany, Israel and Pakistan -- took advantage of the simplicity involved with purchasing Arena PLM. As a web-based software-as-a-service (SaaS) application, Arena PLM is easily purchased over the Internet, with workshops available online as part of a unique try-and-buy program that allows potential customers to try out Arena PLM with their own data before ever purchasing the product.
Companies that are challenging the status quo and bringing innovation and change to their industries continue to select Arena PLM to streamline business processes and manage manufacturing outsourcing without the high costs, complexities and limitations associated with traditional client/server PLM applications. Arena PLM is a strategic tool for each of them, helping them succeed and grow. A sampling of the companies that have recently adopted Arena PLM include ZENN Motor Company, SemEquip, Inc., First Act Inc., Nordic Windpower LLC, and Novare Surgical Systems Inc.
Other significant highlights of Q1 2008:
- Arena named former Agile SME Solutions division vice president and general manager Craig Livingston as the company's new chief executive officer. Livingston brings to Arena his significant experience in developing, marketing, distributing, and supporting PLM solutions focused on the needs of small and mid-sized manufacturers.
- Arena surpassed its 99.5 percent service level agreement for the eighth consecutive quarter, with 99.9 percent uptime in Q1 2008 and a continued commitment to building and delivering the most secure, reliable PLM solution available.
"Companies using Arena PLM are experiencing a great deal of success in running and growing their businesses. Our high retention and upsell rates speak directly to the value the software provides and how well it has been able to scale with our customers as they grow. Arena PLM addresses our customers' most compelling needs, including product change management, manufacturing outsourcing, supplier collaboration and more," said Craig Livingston, chief executive officer of Arena Solutions. "And those needs are universal. With an easy-to-buy, easy-to-deploy, easy-to-use solution like on-demand Arena PLM, companies anywhere in the world can enjoy the benefits of PLM."
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