Arena's Broader Product Footprint Drives Q4 Growth Of 38 Percent

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For the entire fiscal year 2014, new customer subscriptions grew by 76% year-over-year.

Arena's continued investment in the expansion of its product offering, especially over the past 18 months, helped drive this increase, with new deal size growing to record levels and a net retention rate for FY 2014 of 112 percent (net retention rate reflects annual customer renewals, less cancellations, plus expansion). A sampling of Arena's new products over the last 18 months includes:

"We've introduced powerful new features over the past 18 months.  Our record growth again confirms customer validation of Arena's expanding footprint which seamlessly integrates to enterprise business systems. Our PLM solution accelerates NPI by harnessing the collaborative efforts of internal teams and supply chains alike," said Craig Livingston , CEO of Arena. "Not too many years ago, our high value feature-set resonated best with the SMB market.  Now that we're beyond feature-parity still the most affordable, the global enterprise market is responding."

New customers in Q4 2014 include:

Pioneer of cloud-based PLM, Arena's suite of PLM and supply chain solutions enable engineering, manufacturing and their extended supply chains to speed prototyping, reduce scrap, streamline their supply chain, improve margins, and collapse time to market. Based in Foster City, Calif. , Arena's PLM applications simplify bill of materials (BOM) and change management for organizations of all sizes, and the company has been ranked as a Top 10 PLM provider and Top 5 Supplier Collaboration solution.

To learn more about Arena Solutions:

Visit the Arena Solutions website.  
Read the Arena blog on product design, development and manufacturing.  
Follow @arenasolutions on Twitter.  
Follow Arena on LinkedIn.  

For more information, contact:

Jeff Miller
Davies Murphy Group
+1-541-207-3461
arena@daviesmurphy.com