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SOURCE: Talking Points Professionals
Product innovation, operational execution drive performance for cloud PLM provider
Foster City, Calif. (PRWEB) January 29, 2013
Arena Solutions finished its fiscal fourth quarter of 2012 with growth in subscription revenue, existing-customer renewals, new customer wins, and partner channel sales.
Arena, pioneer of cloud PLM applications, posted total subscription sales for the quarter that grew by 31 percent compared to the previous year. The company achieved a net new renewal rate of 132% for the fourth quarter, while more than 100 existing customers expanded their implementations.
“Arena’s outstanding results reflect customer confidence in the unique features the company’s systems offer,” says Craig Livingston, CEO at Arena. He cites the low initial costs of Arena’s cloud PLM applications, the ease of system deployment, and the functionality that connects customer data to supplier information ecosystems. “Arena’s applications help customers cost-effectively innovate and competitively deliver more profitable products to their markets,” he explains.
Arena added 41 new customers during the quarter. “Despite today’s economic uncertainties, increasing numbers of innovative manufacturers understand that Arena’s feature-rich cloud PLM applications will help them succeed,” says Livingston. The following companies are among Arena’s new customers.
“The success of the recent quarter underscores Arena’s commitment to maintaining focus on delivering cloud PLM features and applications that meet customers’ needs,” says Livingston, citing the company’s release of its latest update to its premier product, BOMControl, during the quarter. “With the right products, the right focus on assuring customer success, and the right management team with deep domain experience, Arena has the elements in place to continue to grow at a high pace.”
Arena Solutions (http://www.arenasolutions.com)
Arena pioneered cloud PLM applications. The company’s products, including BOMControl, PartsList and PDXViewer, enable engineering and manufacturing teams and their extended supply chains to speed prototyping, reduce scrap, and streamline supply chain management. Arena cloud PLM applications simplify bill of materials and change management for companies of all sizes, and offer the right balance of flexibility and control at every point in the product lifecycle—from prototype to full-scale production. Based in Foster City, Calif., Arena holds a spot on the San Jose Mercury News’ Top Workplaces list for 2012.
Follow Arena on Twitter: @arenasolutions.
Arena and Arena Solutions are trademarks of Arena Solutions, Inc., Reg. U.S. Pat. & Tm. Off. All rights reserved. Other product and company names are the property of their respective holders.
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