Fifteenth Consecutive Quarter of Net New Revenue Growth Demonstrates Critical Importance of Controlling Bills of

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Thu Oct 29, 2009 8:00am EDT

  FOSTER CITY, CA, Oct 29 (MARKET WIRE) -- 
Arena Solutions, a provider of on-demand software that helps small and
mid-size manufacturers manage their complex and constantly changing
product record, today announced that the third quarter ending September
30, 2009, represented the 15th consecutive quarter of net new revenue
growth for the company. The quarter's gain included revenue not only from
new customers but also from renewals and upsells among existing
customers, which increased by 19% and 13% respectively, as compared to
the previous quarter.

    The majority of new customers in Q3 2009 were early-stage companies
looking to get their businesses off to a strong start. These companies
know that getting ahead in today's market requires that they be able to
do more with less -- and they see Arena as a tool to make that possible.
Arena helps companies get their product data and engineering change
processes under control in less than 30 days and enables them to share
accurate bills of materials (BOMs) with their contract manufacturers and
other suppliers.

    The renewals and upsells came from companies at all stages of growth,
showing that Arena solves problems throughout the product lifecycle, from
new product development (NPD) through new product introduction (NPI) and
beyond. This tangible value, along with the ease and low cost of getting
started with Arena, also resulted in many referrals for Arena in Q3 2009.
Nearly 30% of new customers had either had Arena recommended to them by
other another satisfied customer or had previously used the system at
another company.

    "For years, we've had customers telling us they wish they would have
started using Arena even earlier," said Craig Livingston, chief executive
officer of Arena Solutions. "It's gratifying to now see so many companies
insist on using Arena from the start. Aside from the obvious benefit of
having a simple, robust way to capture, control and share their BOMs,
these companies are establishing a foundation for growth and innovation.
Like all companies today, they need to watch what they spend -- but if
anything, that pushes them toward Arena. They can get started with
minimal upfront cost -- and start to save right away as they eliminate
manual tasks that would otherwise require additional headcount and they
reduce the costly errors that typically result from too many manual
tasks."

    Among the customers who selected Arena in Q3 2009 are:

    -- Fortinet, a leading provider of network security appliances and a
leader in the unified threat management (UTM) market worldwide.

    -- PowerGenix, developer and manufacturer of non-toxic, high-performance
nickel-zinc (NiZn) rechargeable batteries that are smaller, lighter and
more powerful than other rechargeable batteries on the market today.

    -- Pix2o, an innovative systems company producing video displays scalable
from less than 1 square meter to over 100 square meters; its systems are
environmentally hardened, thin and lightweight, making them flexible and
scalable.

    -- CSafe, a provider of technology solutions for the perishable air
freight market, including the flagship AcuTemp(R) RKN, which is an active
temperature-controlled air cargo container.

    -- JumpSport, the leading provider of trampoline safety net enclosures and
safety-engineered trampolines.

    -- American Wave Machines, a company that develops artificial wave
technology that replicates the experience of real ocean surfing for
waterparks, surfparks, hotel resorts and sponsored wave-riding
exhibitions.

    Also in Q3 2009:

    -- Arena saw its strategic partnerships continue to thrive, with nearly
15% of the new customers in Q3 2009 coming from the international value
added reseller (VAR) and Trusted Advisor Program (TAP) channels. Arena
also welcomed several new partners into TAP.

    -- Arena surpassed its 99.5 percent service level agreement for the 14th
consecutive quarter, with 100 percent uptime in Q3 2009 and a continued
focus on delivering the most secure and reliable collaborative BOM and
change management solution available.

    About Arena Solutions

    Arena Solutions enables small and mid-size manufacturers to deliver
quality products to market on time and on budget. Arena provides a
collaborative environment for centralizing, controlling and analyzing
complex and constantly changing product information, including bills of
materials (BOMs), part specifications and change orders.

    The repository for the product record, Arena sits at the epicenter of the
broader product lifecycle management (PLM) landscape, connecting with
systems like CAD, EDA, PDM and ERP and linking organizations with their
supply chains. With its on-demand, software-as-a-service (SaaS) approach,
Arena is a low-risk, rapid-return proposition that makes enterprise-class
functionality available to companies that would otherwise have to contend
with manual, time-consuming and error-prone product data management
processes.

    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 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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