Company's Rapidly Expanding Customer Base and On-Demand PLM Service Model
Key in Receipt of Second Straight Annual Honor
MENLO PARK, Calif., July 19 /PRNewswire/ -- Arena Solutions, Inc., the
leading provider of on-demand Product Lifecycle Management (PLM), today
announced it was honored with the prestigious Hottest Companies of 2004 award
from Start Magazine. Arena, the fastest growing PLM provider with its
on-demand software-as-a-service model, was honored by Start for the second
consecutive year based on the company's growing base of satisfied customers.
Start Magazine, the voice of the manufacturing executive, conducts its
annual "Hottest Companies" award to recognize the top technology providers
that have developed innovative applications for the manufacturing industry.
"Arena continues to achieve growth among product manufacturers that are
taking advantage of the on-demand PLM solution to drive cost savings and
process efficiencies," said John Buell, Editor-in-Chief of Start Magazine.
"We congratulate Arena for being named one of Start's Hottest Companies of the
year."
With over 150 customers and 300 percent annualized revenue growth, Arena
is outpacing more established PLM providers by offering an attractive
alternative to cumbersome and costly client-server solutions. The Start
Magazine honor is Arena's third industry award since last year.
The frustrations of product manufacturers with the old client/server
software model are really coming to light as they seek an alternative via
on-demand software. By using Arena PLM, customers achieve competitive
advantages through effective outsourcing, dramatically reduced errors and
overruns in the manufacturing process, and the ultimate delivery of their
products to market faster.
"We are thrilled to receive Start's recognition of our continued success
and momentum," said Michael Topolovac, CEO of Arena Solutions. "As a widely
referenced and respected publication, Start is a leading influence in the
manufacturing industry, and we're honored to be among the elite companies in
the category that the magazine identifies."
About Arena Solutions
Arena Solutions is the fastest growing product lifecycle management (PLM)
provider with the industry's only on-demand PLM solution. Unlike client-server
applications, which are costly and cumbersome to deploy, Arena PLM is
delivered over the Internet as a secure, rapidly deployed service, with a
substantially lower cost of ownership. Arena PLM speeds time-to-market,
enables outsourcing, and increases operational efficiencies for product
manufacturers that are managing multiple parts and suppliers. Founded in
February 2000, Arena Solutions is based in Menlo Park, California. More
information is available at http://www.arenasolutions.com .
About Start Magazine
Start, the voice of the manufacturing executive, provides executives with
a balance between the technology issues and the greater business management
issues facing executives today. Start offers the most sound technology advice
coupled with solid coverage of the financial, political, and management news
and events shaping manufacturing. Rather than simply pitching the latest
concepts in technology, Start focuses on the business issues impacting the
manufacturer's bottom line. That is exactly why Start has become, and will
remain, the first word on manufacturing innovation, driven by technology. For
more information, please visit http://www.startmag.com.
SOURCE Arena Solutions
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Related links:
http://www.arenasolutions.com
CONTACT:
Derek Kober of Neale-May & Partners,
+1-650.328.5555, ext. 126, or dkober@nealemay.com, for Arena
Solutions; or Jennifer Pesiri of Arena Solutions,
+1-650-687-3525, or jpesiri@arenasolutions.com
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