Continued Strong New Subscription Annuity Growth, 22 Percent Over Same Period in 2015; Company Now Has More Than 250 Internet of Things (IoT) Customers
FOSTER CITY, California, July 26, 2016 /PRNewswire/ -- Arena Solutions, a pioneer in cloud-based, unified product lifecycle management (PLM) and quality management system (QMS) applications, today announced it closed a record number of new customers in Q2 2016. New subscription annuities grew by 22 percent in Q2 2016 over the same period in 2015, an accomplishment driven in large part by the release of Arena Training in June, as well as by a record number of new EMEA customers brought in by Arena's VAR partners in that region.
"As a leading Medical Device Manufacturer it's critical for us to maintain focus on complying with the ever increasing training requirements from the FDA and other regulatory agencies worldwide," said Ken Perino, Director of Quality for Abbott Electrophysiology. "We're very excited to roll out Arena's new Training Solution. This enables our entire organization to comply with the latest regulatory requirements, electronically. And because Arena is also in the cloud, all our employees can be updated automatically no matter where they are in the world. We expect Arena Training will dramatically reduce the prior manual efforts required to keep our organization's training up to date and ensure regulatory compliance."
New customers in Q2 2016 include:
Nativis – A clinical stage bioelectronics company developing non-invasive therapies for cancers and other serious diseases.
Unchained Labs – A company committed to building innovative life-science and biologic research tools.
RefleXion – Developing the first Biology-guided Radiotherapy (BgRT) system for cancer treatment.
Minifab – Experts in microfluidic product design, development and manufacturing.
Legrand – The global specialist in electrical and digital building infrastructures.
"This was a record quarter for Arena, but what's most illuminating is what our Q2 success says about future opportunities for our company," said Craig Livingston, CEO of Arena. "We now have more than 250 customers who play in the IoT space, and that's extremely robust considering that it's a market segment that's just getting started. What's more, the response to our new training management module was extremely strong, driving record growth in new subscriptions. The market is responding to our expanding cloud PLM platform, and that's why we are far outpacing the market's overall growth."
About Arena Solutions Arena invented cloud PLM. Its holistic suite of PLM, supply chain and QMS solutions enables innovative OEMs with complex electronics to manage their bill of materials, facilitate engineering change orders and speed prototyping to improve margins and collapse time to market. Arena has been ranked a Top 10 PLM provider and won the coveted Design News Golden Mousetrap Award in 2016. For more information, please visit http://www.arenasolutions.com.