Arena Kicks Off 2010 With 25% Growth in Subscription Sales
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Arena Kicks Off 2010 With 25% Growth in Subscription Sales

FOSTER CITY, CA -- (MARKET WIRE) -- Apr 29, 2010 -- Arena Solutions, a provider of on-demand software that helps small and mid-size manufacturers manage their complex and constantly changing product record, today announced that the company saw strong growth in subscription sales for the first quarter ending March 31, 2010, with an increase of 25% over the same period one year earlier. Sales to new customers nearly doubled, compared to the same period one year earlier, while existing customers showed continued commitment to Arena -- and an ongoing aversion to the hazards of spreadsheet-based bill of materials (BOM) and change management -- by renewing and expanding their Arena subscriptions at a net renewal rate of 109%.

With the manufacturing sector recovering, Arena BOM and change management software is a clear choice for manufacturers looking to the future and preparing for growth. Whether they're designing new products, expecting more orders or already ramping back up production, Arena customers recognize the value of having their product data in order. The recession has left holes in most of their supply chains, and they need to make sure they have complete, accurate BOMs to share with new suppliers and contract manufacturers. Many also need to make design changes -- whether to slot in new suppliers or just adjust their product for a changing market -- and for them, Arena provides a controlled system for managing the engineering change order (ECO) process.

With the functional benefits it provides and the ability to get started in less than 5 days at a very low upfront cost, Arena continues to be the choice of companies in a variety of industries, including high-tech electronics, medical device, consumer products and industrial equipment. A number of companies in the clean technology sector -- building products like electric engines, energy monitoring solutions, solar power systems and more -- selected Arena in Q1 2010 as well.

"The outlook is good for 2010, and we're thrilled to see the year get off to such a strong start," said Craig Livingston, chief executive officer of Arena Solutions. "Manufacturing is leading the economic recovery, and our customers are both contributing to and benefiting from this growth. At Arena, we're also preparing for growth. We're seeing the payoff from a series of recent strategic investments focused on making Arena even easier to deploy, learn and use. In the coming year, we'll be hiring more people, while also continuing to invest in the kinds of improvements that make Arena the best way for small and mid-size manufacturers to manage BOMs, control the engineering change process and share information with their partners and suppliers."

Among the customers who selected Arena in Q1 2010 are:

Also in Q1 2010:

About Arena Solutions
Arena Solutions enables small and mid-size manufacturers to deliver quality products to market on time and on budget. Arena provides a collaborative environment for centralizing, controlling and analyzing complex and constantly changing product information, including bills of materials (BOMs), part specifications and engineering change orders (ECOs).

The repository for the product record, Arena sits at the epicenter of the broader product lifecycle management (PLM) landscape, connecting with systems like CAD, EDA, PDM and ERP and linking organizations with their supply chains. With its on-demand, software-as-a-service (SaaS) approach, Arena is a low-risk, rapid-return proposition that makes enterprise-class functionality available to companies that would otherwise have to contend with manual, time-consuming and error-prone product data management processes.

Founded in February 2000, Arena Solutions is headquartered in Foster City, California.

To learn more about Arena and see a 1-minute video overview of the product, please visit the company's website at www.arenasolutions.com.

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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Contact:
Jennifer Bomze
Arena Solutions

Email Contact
650.513.3539