The magazine's editorial team evaluated Arena's credentials in such areas as revenue growth, important client wins, and significant events and accomplishments during the past year.
"The companies who have been named 'hot' this year are among the leading-edge technology providers within manufacturing. These innovative companies are driving manufacturing solutions into the next generation. As the manufacturing industry evolves, so must the technology companies that provide solutions to advanced manufacturers. The 25 winning companies this year are having a great impact on the manufacturing space as they strive to provide the most complete, innovative technology possible to their customers," said Peggy Smedley, editorial director of START-IT Magazine.
Arena is one of the companies on the list that has consistently shown itself to be a leader in the SaaS (Software as a Service) movement, using the Internet to serve its PLM application rather than local installations. Arena has helped many small and midsized companies, who are especially well served by this delivery model. A SaaS solution means all customers always have access to the most up-to-date version of the application, including all the latest upgrades, and the fact Arena PLM requires little or no "implementation" to get started is an even bigger drawing card when companies have little or no IT (information technology) department.
Arena continued to make a big impression on the market this past year, pushing the envelope with new additions to its on-demand PLM technology and demonstrating consistent success and revenue increases. During the last two quarters alone, Arena has proven it has what the market is looking for today, as a new customer went live on Arena PLM every three business days and revenues continued at double-digit growth rates.
"We're absolutely delighted to be included yet again on START-IT's annual list of 'hot' companies. As the only truly secure Internet-based PLM service, Arena PLM drives this success, making it easier for our customers to compete and win in their respective markets," said Craig Livingston, chief executive officer of Arena Solutions. "While we genuinely appreciate the recognition from START-IT, we're also thrilled to see another sign of success in the fact hundreds of manufacturers and their partners use Arena PLM daily to increase their rate of product innovation, accelerate time to market, comply with an increasing number of standards and regulations, tightly manage costs and relentlessly drive quality."
About START-IT magazine
START-IT magazine helps manufacturers take full advantage of the power of partnerships by emphasizing the importance of IT partnerships and how these partners are working together to reach their goals through the use of technology. Emphasizing the power of partnerships, START-IT is read by decision makers across all manufacturing segments as a primary source of business strategies to best take advantage of today's technologies.
About Arena Solutions
Arena Solutions is the leading provider of on-demand (SaaS) product lifecycle management solutions for manufacturing companies of all sizes. As the only true on-demand, secure Internet-based PLM service, Arena PLM provides a superior alternative to complicated, lengthy and expensive traditional PLM software deployments. Through its award-winning service, Arena enables product manufacturers and their global supply chains to streamline outsourcing, improve operational efficiencies, collaboration and speed time-to-market. Arena PLM has been adopted by more than 15,000 users across companies at all stages of development, including industry leaders Foundry Networks, Color Kinetics, Intuit, Sierra Wireless, Align Technology and more.
Arena Solutions' market-changing approach to PLM has received significant recognition in the industry, including Manufacturing Business Technology's Top 40 Emerging Vendors, the Supply & Demand Chain Executive 100, Industry Week's "Technology of the Year - Notable Innovators" and START-IT Magazine's "Hottest" Companies and Top 50 Manufacturing Technologies.
Founded in February 2000, Arena Solutions is headquartered in Foster City, California. For more information, please visit the company's website at www.arenasolutions.com.
Arena PLM is a trademark of Arena Solutions, Inc. Other product and company names are the property of their respective holders.
Contact: Cindi Goodsell Arena Solutions Email Contact 510.479.9015