Arena Solutions recently announced that it has acquired Omnify Software (Andover, Mass.). The financial details of the deal were not disclosed.
Omnify Software provides software to the electronics, medical devices, aerospace and defense and telecommunications markets. The cloud-based software that the company offers assists with new product development and new product introduction processes to reduce costs, risks and improve profitability.
“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 manufacturing goals,” Craig Livingston, CEO of Arena Solutions, said in a press release. “We welcome and look forward to joining forces with Omnify’s talented and experienced staff and their customers.”
Omnify’s employees will transition into positions at Arena Solutions. Arena Solutions plans to maintain support for Omnify’s products while combining the experiences from both companies to develop new products.
“While we have been a very profitable company for many years, we recognize the need to accelerate our growth and respond to market conditions,” said Omnify Software president Chuck Cimalore. “We evaluated numerous options with the goal of finding a partner who appreciates what we have built and shares our vision of the future. With Arena, not only will that goal be met but together, we will continue to build an industry leader that can meet the requirements of a wide range of customers.”
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