October 24, 2018. Andover, MA. Omnify Software, a leading provider of cloud-enabled product lifecycle management (PLM) software, has been acquired by Arena Solutions, a global provider of cloud-based PLM and QMS software.
Both Arena and Omnify share a long history of success in the PLM market with a strong customer orientation and a vision to help companies achieve their strategic product development goals. As we mapped out the landscape of strategic options it became clear that collaboration between the companies would create a new force in the PLM market. We expect this transaction to alter the dynamics of the market, especially in the growing areas of electronics, medical devices and IoT.Ralph Verrilli on Omnify, Managing Director, Madison Park Group