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38% Growth Marks Strong Expansion With New
and Existing Customers Plus Rise in Demand From International
Customers, Medical and High Tech Industries
October 31, 2007: 08:00 AM EST
Arena Solutions, the leading provider of
on-demand product lifecycle management (PLM) software for manufacturers of
all sizes, today announced Q307 as the most successful bookings quarter in
the company's seven-year history. Additionally, a significant number of
current customers expanded their investments in Arena PLM, primarily to
accelerate their new product development process or manage a complex
network of outsourced relationships.
Arena Solutions delivered exceptionally strong year-over-year growth of 38%
percent, outpacing current growth expectations for PLM vendors, and a
remarkable 43% quarter over quarter growth in sales to new customers.
During the quarter, electronics, medical device, and innovative auto and
automotive supply chain companies topped the list of those adopting Arena
PLM. These companies selected Arena PLM for its
on-demand advantage, which provides a quick return on investment and makes
the software easy to install, maintain and use, without any increase in IT
spending.
"Aberdeen's 'Profitable Product Development for SME' benchmark indicates
that Best-in-Class small to mid-size manufacturers are more than twice as
likely to leverage PLM technologies and get products to market 22% faster
than average companies," said Jim Brown, vice president and group director
of product innovation and engineering research at the Aberdeen Group.
"Arena PLM offers companies an alternative deployment option for PLM by
providing an on-demand application to improve product innovation, product
development, and engineering performance without the need to implement a
new application in-house."
Arena Solutions expanded its international presence to more customers
across the world, from Canada, the Netherlands, and Australia in addition
to growing its solid base of American companies who have adopted Arena PLM.
A sampling of the customers, who chose Arena PLM this quarter, includes:
-- Canada-based ZENN Motor Company, a leading developer, manufacturer and
supplier of innovative zero-emission, electric vehicles. The company is
focused on delivering quality transportation solutions that positively
impact our environment and greatly reduce operating costs.
-- California-based VNUS Medical Technologies, Inc. (NASDAQ: VNUS), a
leading provider of medical devices for the minimally invasive treatment of
symptomatic venous reflux disease. Their proprietary closure system was
proven as effective as vein stripping, the historical standard for
treatment, with fewer side effects and faster recovery.
-- Oregon-based Yakima, a world leader in the design and manufacture of
destination hardware and gear management solutions that help outdoor
activists do what they love.
-- New Jersey-based DVTel, a pioneer and a dominant market player in the
creation, development, and delivery of Multi-source Intelligence Systems
over IP networks.
"We're challenging people's preconceptions of electric vehicles by
delivering the right mix of quality, durability, comfort and satisfaction
in our zero-emission, no noise cars. We're using Arena PLM to help us
control the mass of information that goes along with this effort,
accelerate our time to market, and manage our network of outsourcing
partners," said Ian Clifford, founder and CEO of ZENN Motor Company.
Other significant highlights of Q3 2007:
-- The company delivered its new Arena PLM Fall '07 release,
incorporating customer-inspired functionality across all core functional
areas. Delivering constant innovation through its on-demand platform, Fall
'07 represents the 49th release of significant new functionality in seven-
years.
-- Arena Solutions yet again surpassed its 99.5% guaranteed service level
agreement for Arena PLM for the sixth consecutive quarter maintaining
99.99% availability.
-- Supply & Demand Chain Executive Magazine named Arena Solutions as one
of the top 100 vendors leading the way in transforming companies' supply
and demand chains.
"Business has never been better than right now, with sales of our software
growing in all directions," said Michael Topolovac, chief executive officer
of Arena Solutions. "We're benefiting from our target market becoming more
aware of the advantages attached to the on-demand (SaaS) platform for PLM,
and recognizing Arena Solutions as the only neutral and truly effective PLM
vendor serving small-to-medium-sized manufacturers."
About Arena Solutions
Arena Solutions is the leading provider of on-demand (SaaS) product
lifecycle management solutions for manufacturing companies of all sizes. As
the only true on-demand, secure Internet-based PLM service, Arena PLM
provides a superior alternative to complicated, lengthy and expensive
traditional PLM software deployments. Through its award-winning service,
Arena enables product manufacturers and their global supply chains to
streamline outsourcing, improve operational efficiencies, and speed
time-to-market. Arena PLM has been adopted by more than 15,000 users across
companies at all stages of development, including industry leaders Foundry
Networks, Color Kinetics, Intuit, Sierra Wireless, Align Technology and
more.
Arena Solutions' market-changing approach to PLM has received significant
recognition in the industry, including Manufacturing Business Technology's
Top 40 Emerging Vendors, the Supply & Demand Chain Executive 100, Industry
Week's "Technology of the Year - Notable Innovators" and Start Magazine's
"Hottest" Companies.
Founded in February 2000, Arena Solutions is headquartered in Foster City,
California. For more information, please visit the company's website at
www.arenasolutions.com.
Arena Solutions, Arena PLM Workgroup Edition, Arena PLM Professional
Edition, and Arena PLM Enterprise Edition are trademarks of Arena
Solutions, Inc. Other product and company names are the property of their
respective holders.
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