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Arena Solutions Closes Best Quarter Ever As Global Enterprise Momentum AcceleratesQ4 2016 New Customers Subscription Up 27 Percent Over Q4 2015 FOSTER CITY, Calif., Jan. 31, 2017 /CNW/ -- Arena Solutions, pioneer of a cloud-based all-in-one product development platform that unites PLM, ALM, supply chain collaboration and QMS, today announced financial results from Q4 2016, the best quarter in Arena's history. New customer subscription value grew 27 percent over Q4 2015, fueled by Arena's continued success in selling to larger enterprise customers. The average deal size for Q4 2016 was 32 percent higher than it was in the same period for 2015. New customers in Q4 2016 include the following:
Unlike stand-alone solutions which trap information within a silo accesed by only a few key people, Arena provides a comprehensive, cloud-based product development platform that unites all engineering, quality, and operation disciplines in the creation of innovative connected products. In the Fall of 2016, the company added ALM (application lifecycle management) capabilities with Arena Verify, which provides requirements, issue, bug and hardware defect management in a holistic product development solution that offers a unique combination of PLM, ALM, supply chain collaboration and quality management (QMS). Arena's product development platform links collaborative development to the product record for a continuous improvement process that brings unprecedented visibility, clarity and flexibility to all the participants in the development process. Uniting the efforts of software, firmware, mechanical and electrical engineers allows them to innovate together to identify requirements, integrate designs and improve product quality to deliver products to market faster. Arena has more than 250 customers in the emerging Internet of Things (IoT) space, which demonstrates Arena's strength among companies designing complex, connected, cutting-edge products. "Over the past two years, we've broadened the breadth of our solution with releases like Arena Quality, Arena Training Management and, most recently, Arena Verify," said Craig Livingston, CEO of Arena. "We've been providing cloud-based PLM for well over a decade, and the increasing size of initial contracts is testament to the growing confidence in Arena as we continue to expand the value which Arena's product development platform provides our customers." About Arena Solutions To learn more about Arena Solutions: Read the Arena blog on product design, development and manufacturing. 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arena-solutions-closes-best-quarter-ever-as-global-enterprise-momentum-accelerates-300398490.html SOURCE Arena Solutions |