Technology Innovator Awards 2017

12 Corporate Vision / Technology Innovator Awards 2017 , Arena Solutions helps companies in a wide array of markets to deliver higher quality products tomarket faster at a lower cost. We caught up with Senior Director Demand Generation UmeshMalhotra to learnmore about the innovative solutions this dynamic firmoffers. Best Product Development Software Provider 2017 & Most Innovative PLM Solution: Arena Quality From high technology, medical devices to consumer technology and cutting-edge Internet of things (IoT) devices, more than 80,000 users in more than 125 countries depend on Arena to ensure that all aspects of their supply chain work in sync from a single version of the truth to ensure product success. They are particularly important to those who embed complex electronics into a key part of their offering in a high mix high rate of change environment. This is achieved through relentless innovation and an obsessive focus on customer needs. Arena pioneered cloud- based PLM (product lifecycle management), many years before legacy on-premises PLM vendors began moving from isolated silos toward Arena’s nimbler multi-tenant true SaaS model. With Arena, organizations can scale up or down easily, and deployment can be accomplished in days or weeks, not months or years. Plus, it is easy and affordable to connect suppliers to Arena, which ensures everyone is working off a single version of the truth. Umesh discusses how the company came into being and how far it has come since establishment. “Arena began as with BOMControl, a cloud- based solution that managed an OEM’s bill of materials (BOM). The BOM is still the core of Arena’s solution, but since then, the company has continued to innovate by adding additional modules and functionality: application lifecycle management, quality management, training management, project management, demand analysis and much more. “Today, Arena has more than 1,000 customers and 80,000 users in more than 125 countries, with some of the world’s most innovative companies as customers, including GoPro, Nutanix and Sonos. Its enterprise business is its fastest growing segment. We now provide a 100% multi-tenant SaaS unified product development platform that encompasses PLM, supply chain, ALM and QMS. This cloud-based delivery provides customers with unparalleled scalability and flexibility. It is a platform that can grow with the company, up or down. In addition, easy and affordable to connect suppliers to the solution. Legacy PLM vendors charge exorbitant fees to connect suppliers, and deployment can take a great deal of time. With Arena, the process is simple, inexpensive and swift.” Since inception, Arena has continued to outpace the market with new functionality beyond traditional PLM. Today, Arena provides an all-in-one product development platform that unites PLM, supply chain collaboration, application lifecycle management (ALM) and quality management systems (QMS) to drive ideation, innovation, new product introduction, launch and manufacturing in record time. Importantly, this provides unparalleled visibility to the product record, both upstream and downstream, to all pertinent cross-functional stakeholders with a consistent, real time, single version of the truth. As a result of Arena’s constant innovation and the value that it delivers, the company is experiencing very rapid growth. In the first quarter of 2017, for instance, new customer subscription value grew by 86 percent in Q1 2017 over the same period in 2016, while also besting the prior Q4 2016 record. The company also gained a record number of new customers — 59 percent more than it gained a year ago, with particular strength in winning larger enterprise customers. Total bookings grew 30 percent year over year, and the company’s net new annuity for the quarter grew by 134%, an enormous testament to the rapid adoption Arena is experiencing in the marketplace. Umesh discusses the firm’s product offerings in more detail and how they ensure that the company achieves its client focused mission. “Here at Arena, our mission is to help companies develop, manufacture and deliver higher quality products faster and at a lower cost than they have previously been able to do. We accomplish this by providing a unified all-in-one platform that encompasses PLM, supply chain, ALM and QMS. “PLM and Supply Chain provides a single version of the truth for all engineering disciplines, manufacturers, suppliers and even suppliers’ suppliers. It is easy to track engineering change orders, source parts and communicate about issues with all stakeholders, and it’s easy and cost effective to connect suppliers to Arena. Thus, products are completed more quickly at a lower cost with far less scrap and rework than other alternatives. “Additionally, our ALM module is called Arena Verify, and it’s an all-in-one requirements, hardware defects, software bugs and any/all issues management solution. With it, customers gain unparalleled visibility across the entire product development cycle. Verify connects the PLM and QMS product record real time to all development issues, hardware defects and software bugs while tying back to the product requirements so all cross-functional teams know what is occurring all the time. “Finally, QMS is Arena’s all- in-one solution is designed to define, support and maintain quality management processes and regulatory requirements. This gives our customers more time to focus on delivering products and services to change the world. Most importantly, all of these functions work together to form a unified solution that addresses the complete product development process.” Central to the firm’s success is its strong leadership team,