JMI Equity Invests In Arena Solutions

San Diego-based private equity investor JMI Equity has made an investment in Foster City, California-based Arena Solutions, the two said this morning. Size of thee investment was not announced. Arena said the strategic growth equity investment will further its growth. Brian Hersman, General Partner at JMI, as well as Suken Vakil, Principal at JMI, will join Arena's Board of Directors as a result of the investment. Arena Solutions develops a cloud-based product development software platform aimed at the product lifecycle management, application lifecycle management, supply chain, and quality management areas.