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Arena Solutions Continues Strong, Accelerated Growth With 35 Percent Increase In Q2

FOSTER CITY, California, July 25, 2017 /PRNewswire-AsiaNet/ --

-- Results Mark Second Consecutive Quarter of 30 Percent or Better Overall 
Growth; Increase Bolstered by Solid Upsells to Existing Customer Base

Arena Solutions, pioneer of a cloud-based, all-in-one product development 
platform that unites PLM (product lifecycle management), ALM (application 
lifecycle management), supply chain collaboration and QMS (quality management 
systems), today announced that Q2 2017 saw the overall business grow by 35 
percent over the same period last year, resulting in a second consecutive 
quarter growth of 30 percent or more. Gains were driven by robust sales of new 
products and additional seat licenses into the company's installed base.
 
Logo - http://photos.prnewswire.com/prnh/20151117/288645LOGO 

For the quarter, upsells increased 63 percent over the same period last year. 
That performance combined with the renewal rate contributed to a net retention 
of 114 percent in Q2. Net new annuity increased by 60% year-over-year, coming 
on the heels of a record-breaking net new annuity performance in Q1. 

Arena provides a comprehensive, cloud-based product development platform that 
unites all engineering, quality, manufacturing and operation disciplines in the 
creation of innovative connected products featuring traceability throughout 
their entire lifecycle. In late 2016, Arena added ALM (application lifecycle 
management) capabilities with Arena Verify 
(http://www.arenasolutions.com/products/alm), which provides requirements, 
issue, bug and hardware defect management in a solution that offers a unique 
combination of PLM, ALM, supply chain collaboration and quality management 
(QMS). 

During the second quarter of 2017, the company saw customers undertaking 
longer-term partnerships resulting in continued multiyear commitments. Renewing 
and new customers alike are now looking beyond single-year commitments due to 
Arena's consistent ability to enhance performance and scalability in concert 
with its industry leading cadence of broadening the platform by releasing ten 
new SaaS products within the last few years. 

New customers in Q2 2017 include:

    -- SkullCandy - maker of the sickest headphones, earbuds, gaming headsets, 
       speakers & more. 
    -- Nevro - a medical device company that has developed HF10(TM) therapy, 
       an innovative, evidence-based neuromodulation platform for the 
       treatment of chronic pain. 
    -- Mayfield Robotics - creator of Kuri, the world's most adorable home 
       robot. 
    -- PartsSource - the leading provider of replacement parts solutions for 
       healthcare. 
    -- Brava Home - an IoT and domestic automation company that integrates 
       technology and design to enable joyful experiences in the home -- 
       starting with the kitchen. 
    -- Collinear Networks - pioneer in ultra-high capacity wireless to enable 
       5G and the escalating convergence of fixed, mobile and WiFi broadband. 
    -- Gibson Guitar - known worldwide for producing classic models in every 
       major style of fretted instrument, including acoustic and electric 
       guitars, mandolins, and banjos.

"What we saw during the second quarter of 2017 was that customers are 
recognizing the value in entering into longer-term relationships with us 
because we are not simply another tool, but a lasting partner in improving 
their new product development processes," said Chairman & Chief Executive 
Officer of Arena, Craig Livingston. "The market is confident in our ability to 
help deliver complex electronic products on time and on budget, and we are 
committed to the continued innovation to help users stay ahead of the curve 
when it comes to meeting increasingly stringent compliance demands and higher 
quality standards." 

About Arena Solutions
Arena, the inventor of cloud PLM, provides an all-in-one product development 
platform that unites PLM, ALM, supply chain collaboration, and QMS for the 
design and manufacture of complex electronics. With Arena, electrical, 
mechanical, software and firmware engineers can collaborate with manufacturing 
and quality teams to manage their bill of materials, facilitate engineering 
change orders, and speed prototyping. As a result, Arena customers can better 
meet standards while they ensure regulatory compliance, improve training 
management, reduce costs, increase quality, and collapse time to market. Arena 
has been ranked a Top 10 PLM provider and won the coveted Design News Golden 
Mousetrap Award successively both in 2016 and 2017. For more information, 
please visit http://www.arenasolutions.com.

To learn more about Arena Solutions:

Read the Arena blog (http://www.arenasolutions.com/blog) on product design, 
development and manufacturing.

Follow @arenasolutions (http://www.twitter.com/arenasolutions) on Twitter.

Follow Arena on LinkedIn (http://www.linkedin.com/company/arena-solutions).

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.

SOURCE Arena Solutions

CONTACT:  Joseph Rigoli, LEWIS Global Communications, 781.418.2400, 
arena@teamlewis.com