"Arena Solutions, the leading provider of on-demand product lifecycle management software for mid-sized manufacturers, today announced that it has secured $15 million in funding. With this round, led by BA Venture Partners, and including investments from Otter Capital, Arthur Rock and Warren Hellman, Arena Solutions is entering a period of accelerated company growth in response to the aggressive adoption of PLM enabled by on-demand."
[Marketwire]
Arena was formerly known as Bom.com. $13M was raised in previous rounds by Arthur Rock, IDEO Ventures, and others. Arena lists well over 20 customers including Color Kinetics, Aruba, Alien, Dow Corning, Sierra Wireless. The company competes with the likes of Agile Software, Metaphase, Microsoft.
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