SOURCE: Arena Solutions

July 16, 2008 08:00 ET

Arena Solutions Included Among the Top 200 Private Technology Companies of 2008 by Nollenberger Capital Partners Investment Banking Team

Arena Selected for Its Compelling Solutions, Broad Market, Solid Management, Demonstrated Results, and Defensible Intellectual Property

FOSTER CITY, CA--(Marketwire - July 16, 2008) - Arena Solutions, the leading provider of on-demand (software-as-a-service or SaaS) product lifecycle management (PLM) software for manufacturers of all sizes, today announced that Nollenberger Capital Partners, Inc. (NCPI), a privately held investment banking and advisory services firm, selected Arena as one of the Top 200 Private Technology Companies of 2008. Based on proprietary and industry-wide analysis, including the examination of thousands of private company business models, financials and management teams, NCPI's private investment banking team expressed certainty about Arena Solutions for its compelling solutions, broad market, solid management, demonstrated results, and defensible intellectual property. Arena joins a group of well-respected, high-growth technology companies, currently backed by investment professionals, who are expected to achieve a liquidity event or raise capital at a higher valuation in the next 12 to 24 months.

"After much due diligence, we welcome Arena Solutions to our exclusive roster of the top 200 private technology companies and would like to congratulate the management team and their investors who we believe have selected wisely," said Rick Juarez, head of investment banking and managing director of Nollenberger Capital Partners. "We are pleased to recognize Arena's strong leadership, its full-featured, on-demand PLM technology, and the fast-growing list of customers that are using Arena PLM to rapidly deliver innovative products to market."

The Nollenberger Capital Partners special report on the top 200 private technology companies of 2008, released in May, establishes that approximately 67.5 percent of the companies on the 2006/2007 inaugural list have either announced and/or executed an IPO, been acquired, or raised additional capital at an uptick since being recognized in May 2006. Companies who have made the Top 200 Private Technology Companies list represent some of today's most recognized brands and have financial backing from top investment firms.

"We're pleased to be included in this group of such impressive companies," said Craig Livingston, chief executive officer of Arena Solutions. "When customers purchase our PLM software, they not only get the benefits that come with full-featured PLM, but also the ease of implementation, ease of use, ease of collaboration and affordability that comes with our on-demand delivery model. And because they pay for our services annually, they communicate year after year with their dollars, letting us know whether we're adding value, providing a positive return on their investment, and delivering high-quality service. I'm happy to say the message is loud and clear that we're doing very well. We continue to have great momentum, having recently reported new bookings growth of more than 40 percent and recorded the highest percentage of customer renewals and subscription growth in the company's history."

Those who wish to learn more about how organizations can benefit from a product lifecycle management (PLM) solution can find archived webinars given by the company and its partners in the News and Events section of the Arena Solutions website. Some of the topics covered include: Faster Product Change, Fewer Errors: 5 Benefits of PLM, Gaining Control of Your Product Lifecycle with PLM, Product Lifecycle Management: Its Place in the Software Mix, and How to Optimize for Outsourced Manufacturing.

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.

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