Aras Corporation

Aras Corporation is a privately held American enterprise software company specializing in Product Lifecycle Management (PLM) and digital thread solutions. Founded in 2000 by Peter Schroer, the company's core mission is to provide an open, low-code platform that enables the rapid delivery of flexible, upgradeable solutions for designing, building, and operating complex products. Aras is headquartered in Andover, Massachusetts, United States.

The company's primary product is Aras Innovator, an enterprise software suite designed to manage PLM business processes. This platform offers a range of applications including product data management, engineering document management, quality management, requirements engineering, simulation management, and supplier management. Aras operates on an "Enterprise open-source software" model, providing the core software for free while offering technical support, software updates, and consulting services through subscriptions. Aras serves a diverse global customer base, including large enterprises in sectors such as aerospace & defense, automotive, medical devices, high-tech electronics, and industrial manufacturing.

Leon Lauritsen was appointed CEO of Aras in September 2025, succeeding Roque Martin, having joined the company in 2022 through the acquisition of Minerva PLM. Aras is recognized as a leader in the PLM market, having been named a leader in The Forrester Wave™: Product Lifecycle Management for Discrete Manufacturers, Q1 2023, and receiving the IDC 2025 SaaS Customer Satisfaction Award for PLM. The company is actively advancing its cloud strategy, with over 50% of new Aras Innovator deployments now delivered as Software-as-a-Service (SaaS). Recent initiatives include joining the Alliance for OpenUSD to enhance digital twin capabilities with NVIDIA Omniverse and expanding its InnovatorEdge low-code solution, reflecting a strategic focus on AI-native PLM.