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SOURCE Arena Solutions
2017 Marked Highest Number of Enterprise Deals Since Company's Founding
FOSTER CITY, Calif., March 6, 2018 /PRNewswire/ -- Arena Solutions, the leading cloud-based product realization platform for medical device and complex electronics companies, today announced that it closed a successful 2017 by surpassing the 1,000-customer mark. Arena provides the most comprehensive approach to new product development (NPD) and new product introduction (NPI) in the market through better visibility and enhanced collaboration, which enables dispersed teams to introduce new products more quickly, with fewer errors.
In the fourth quarter of 2017, Arena added 35 percent more new customers than it did for the same period in 2016. Arena also closed more enterprise deals in 2017 than in any prior year. More than one-third of new customers in 2017 were medical device and life sciences companies, a fast-growing segment for cloud-based product realization.
New customers signed in Q4 2017 include:
Arena Solutions also added three new executives in the fourth quarter to support continued growth. Jeff Cross joined as Chief Financial Officer, Erin Teter as Vice President of Human Resources, and Fred Waugh as Vice President of Marketing. Additional key milestones for 2017 included achieving uptime performance of more than 99.99% over a 12-month period, and surpassing 50,000 users worldwide. Arena announced key partnerships in 2017 and delivered new integrations with BrightReps to connect customer feedback to product processes from Salesforce and Zendesk, and with Paradata to help automate product design and sourcing decisions with their AI-driven data quality platform.
"Arena's success in 2017 validates our investment in extending the borders of traditional product lifecycle and quality management solutions," said Arena CEO Craig Livingston. "Today's markets are moving faster than ever. To compete, complex product companies with global supply chains need a complete end-to-end product realization platform so they can move from concept to delivery as quickly as possible, while maintaining a high level of quality. Arena is providing that solution today."
About Arena Solutions
Arena Solutions helps innovative electronic high tech and medical device companies create products that change the world. The Arena product realization platform unifies PLM, QMS, and ALM, allowing every participant throughout the product design and manufacturing process to work together. With Arena, teams accelerate product development and delivery to increase profits. For more information, visit 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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