In the news release, "Arena Posts Another Record Quarter For Bookings & Average Deal Size In Q4 2015", issued 19-Jan-2016 by Arena Solutions over PR Newswire, we are advised by the company that the version of this release issued on Jan. 19 incorrectly quoted CIMdata. The full release with the correct quote is below:

Arena Posts Another Record Quarter For Bookings & Average Deal Size In Q4 2015

Q4 2015 Marks Arena's Best Ever Bookings

Nearly 30 Percent Larger than Q4 2014's Record

Average Deal Size Increases 22 Percent

FOSTER CITY, Calif., Jan. 22, 2016 /PRNewswire/ -- Arena Solutions, the pioneer of cloud-based product lifecycle management (PLM) applications, today announced highlights from Q4 2015, which proved to be a record quarter for the company. Arena recorded the highest bookings and the largest average deal size in the company's 16-year history. Q4 2015 bookings increased by nearly 30 percent over Q4 2014 (a record high at that time), while average deal size grew 22 percent over the same period.

http://photos.prnewswire.com/prnvar/20140805/133404

These strong results were driven primarily by closing larger enterprise deals, an accomplishment driven in large part by the release of Arena Analytics in September, which was the latest new module in a series of enterprise-focused releases that include Scribe, Quality, Demand, Projects, API and Exchange.

Next month, Arena will continue to accelerate product innovation with the Winter 2016 release of Arena PLM. "For 2016, Arena will continue to invest in new products, key enhancements, performance and scalability," said Steve Chalgren, EVP, Product Management. "This upcoming release will have significant improvements around search, access security, and a new capability around supplier quality management processes. Future releases will include additional key enhancements and new products that connect more of our customer's R&D and Operations people to the product delivery process."

Additional highlights from Q4 2015 include:


    --  New customer subscriptions: 17 percent increase over previous best
        quarter;
    --  Arena Professional Services: Record quarterly bookings for services due
        to larger enterprise customers.

According to Stan Przybylinski, vice president of research at CIMdata, the leading independent global research firm focused exclusively on the PLM market, ""Based on our early estimates, Arena is a clear market share leader in the cloud PLM market. Arena blazed the trail in this market segment, and it has positioned them well to take advantage of growing interest in cloud-based PLM."

New customers in Q4 2015 include:


    --  Agnovos Healthcare USA, Inc. - Producer of treatments that can alter the
        landscape of bone conditions and reduce the affects and costs of
        diseases like osteoporosis.
    --  Biolase Technology - Developer of both medical and dental lasers and
        related products.
    --  BOA Technology - Producer of Closure Systems which includes shoes,
        medical braces, and other medical equipment.
    --  Corpus Medical - Provide design and contract manufacturing services,
        specializing in catheter technologies, braiding, extrusions, Nitinol
        components, surgical tools, implants, and final packaging.
    --  Forward Industries - Producer of specialty and promotional products such
        as portable electronic and non-electronic products, carry and protective
        solutions for hand held devices, location devices and smartphones.
    --  Gener8 - Provider of complete product design and manufacturing services
        to high tech and medical product companies.
    --  PCH International - Developer of products focusing on the accessories
        market for e-readers, smartphones and tablets.
    --  Sierra Monitor - Producer of Industrial Internet of Things (IoT)
        solutions that connect and protect high-value infrastructure assets.
    --  Silicon Labs - Producer of energy-friendly solutions for a more
        connected world, such as Multiprotocol System-on-Chips, Internet of
        Things communication technologies, and Bluetooth modules.

For more information on Arena Solutions, please visit http://www.arenasolutions.com/.

About Arena Solutions
 Pioneer of cloud-based PLM, Arena's suite of PLM and supply chain solutions enable engineering, manufacturing and their extended supply chains to speed prototyping, reduce scrap, streamline their supply chain, improve margins, and collapse time to market. Based in Foster City, Calif., Arena's PLM applications simplify bill of materials (BOM) and change management for organizations of all sizes.The company has been ranked as a Top 10 PLM provider and Top 5 Supplier Collaboration solution. Arena also holds a spot on National Association for Business Resources' "San Francisco's Best & Brightest Companies to Work For" List for 2015. For more information, please visit: http://www.arenasolutions.com/

To learn more about Arena Solutions:

Visit the Arena Solutions website.
Read the Arena blog on product design, development and manufacturing.
Follow @arenasolutions on Twitter.
Follow Arena on LinkedIn.

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.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arena-posts-another-record-quarter-for-bookings--average-deal-size-in-q4-2015-300205392.html

SOURCE Arena Solutions