August 22, 2017. Foster City, CA. Arena Solutions, the inventor and leading provider of cloud-based product lifecycle management (PLM) software, has been acquired by JMI Equity, a global software and technology private equity investor.
Since founding the first cloud-based PLM platform in the market, the Arena team has maintained intense commitment to product vision. As product innovation continues to evolve in the direction of ‘smart’ and connected products, Arena’s platform has become the PLM partner of choice for cutting edge tech start-ups and global technology product manufacturers. The market dynamics couldn’t be more aligned for Arena to take the next steps as a business, and we’re thrilled to have the team at JMI on board to help realize this long-term vision.
Ralph Verrilli on Arena, Managing Director, Madison Park Group