CIMdata PLM Industry Summary Online Archive
13 May 2009
Company News
Arena Reports Double-Digit Increases in First Quarter Customer Annuity Subscriptions
Arena Solutions, announced another quarter of growth with annuity subscriptions increasing by more than 14 percent over last year for the first quarter, ending March 31, 2009. Despite the challenging economy Arena Solutions grew its renewing installed annuity subscription base 104 percent in Q109, demonstrating the role Arena plays in helping customers.
New customers selected Arena to address their bill of materials (BOM) and engineering change management challenges. In the first quarter, Arena continued its focus on removing financial and implementation obstacles, making the application simpler than ever to adopt. With the web-based software-as-a-service (SaaS) architecture, nearly half of the customers that went live on Arena in the first quarter completed the entire deployment process in eight weeks or less. Half of those customers participated in the new Quickstart program and went live in less than 30 days.
"In the first quarter, we saw a growing number of manufacturers feeling more bullish on their prospects for growth -- and viewing Arena as an essential investment to help get them there," said Ken Bozzini, chief financial officer of Arena Solutions. "Smart companies know that cost-cutting alone will not get them through these economic times; instead they're focused on making strategic investments that can start delivering value right away. That's what they get with Arena, in part because it helps companies reduce product and development costs, but also because it improves productivity, enables more effective supply chain collaboration and ultimately helps speed time to market."
Innovative companies bringing change to their industries continue to select Arena as a strategic tool to help them succeed and grow. Among the many new companies to join the Arena community in Q109 are:
-- CK Technologies, a leader in engineered plastic systems and components for the commercial truck and bus markets;
-- Neato Robotics, a company intending to use robotics and artificial intelligence to free people from household chores;
-- CoolIT Systems, a company pioneering a new standard in computer cooling;
-- Convey Computer Corporation, an organization changing high-performance computing with the world's first hybrid-core computer; and
-- S3C, a company that designs, manufactures and sells next-generation wired and wireless sensors for automotive and industrial customers.
During the first quarter, Arena Solutions also continued expanding strategic partnerships. In February, the company formalized its longstanding relationship with NetSuite amid growing interest among NetSuite users to start using Arena. Adoption began right away; several manufacturers now enjoy using Arena and NetSuite as an integrated SaaS solution for product record management and ERP.
Other significant highlights of Q1 2009:
-- The company went live with the Winter '09 release of Arena. With 30 new enhancements -- including a new Arena-SolidWorks Integration -- Winter '09 strengthened the position of Arena as the central hub of the product development process.
-- Arena surpassed its 99.5 percent service level agreement for the 12th consecutive quarter, with 99.98 percent uptime in Q1 2009 and a continued commitment to building and delivering the most secure, reliable, collaborative BOM and change management solution available.
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