Business Alliance will Enable Small to Medium-Sized Businesses to Take Advantage of PLM to Significantly Ease FDA Regulation Compliance EffortsWESTFORD, Mass.—(BUSINESS WIRE)—March 29, 2006— MatrixOne, Inc. (NASDAQ: MONE), a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain(TM), today announced that it has entered into a reseller agreement with IntegWare, Inc., a company that designs, develops, deploys and sustains enterprise PLM solutions to help customers build their products better, faster and more profitably. Under the agreement, IntegWare will strive to deliver rapidly implementable FDA compliance and process automation solutions to the medical device industry.
Companies currently using paper-based systems to meet FDA requirements are putting themselves at risk and are operating at a competitive disadvantage due to the extra time and effort needed to secure compliance. The electronic workflow provided by PLM solutions can streamline quality assurance and compliance, while helping to improve profitability through improved business process and faster time-to-market.
"This alliance will enable our clients to draw upon the strengths of both companies," said Chris Kay, CEO of IntegWare. "Our medical device domain expertise and MatrixOne's FDA compliance solution will create a powerful tool for medical device businesses that have not yet been taking advantage of the streamlined regulation compliance and approval processes that PLM solutions enable."
As a part of the reseller agreement, the two companies will focus on providing FDA compliance and process automation solutions using the MatrixOne Accelerator for FDA Compliance(TM). The Accelerator for FDA Compliance is a single comprehensive solution designed to enable medical device manufacturers achieve compliance throughout their product lifecycle processes, drastically reducing product development costs and delivering products to market quicker than the competition.
"IntegWare's expertise in the product development market paired with our industry-leading PLM platform will give small-to-medium sized businesses an "out-of-the-box" solution that can be rapidly implemented and quickly transform the way they secure FDA compliance," said Mayur Shah, vice president of business development, alliances & industries for MatrixOne. "This alliance will enable a wider-range of companies to take advantage of improved product development and compliance process efficiencies. We're happy to be furthering our partnership with IntegWare."
IntegWare's domain expertise in product development and manufacturing and extensive experience with assessing and optimizing the product development process (PDP) allows the company to bring unique value to clients across all phases of a PDP improvement project. From initial needs assessment and PLM strategy definition through solution development, validation, deployment and support, IntegWare's holistic approach and focus on each client's key business drivers ensures a direct and positive impact to the bottom line, especially for those clients in global or highly regulated markets.
MatrixOne's Accelerators program packages specific vertical market expertise with MatrixOne technology to deliver industry-specific, rapidly implemented PLM offerings that can solve focused product lifecycle management challenges inherent to specific industries. The Accelerators enable companies to meet their unique product development challenges by providing users with industry-specific terminology, data models, work processes, reports, role-based user interfaces and document management capabilities. In addition to the medical device industry, MatrixOne offers Accelerators aimed at the electronics industry (MatrixOne Semiconductor Accelerator for Enterprise Project Management(TM) and the MatrixOne Semiconductor Accelerator for Design-to-Manufacturing(TM)) and the apparel industry (MatrixOne Accelerator for Apparel Design & Development(TM)).
About IntegWare, Inc.
IntegWare, Inc. designs, develops, deploys and sustains enterprise PLM solutions to help customers build their products better, faster and more profitably. With a 14-year track record of delivering successful production PLM and PDM deployments worldwide, IntegWare offers our clients a unique and proven methodology that delivers quantitative business results (CTQs) from the deployment of technology solutions. IntegWare's success with Fortune 1000 companies is due to the blend of consulting skills from three critical business disciplines: Business Analysis, Engineering Process and Computer Science. More information is available at www.integware.com.
About MatrixOne, Inc.
MatrixOne, Inc. (NASDAQ: MONE), a leading global provider of collaborative product lifecycle management (PLM) software and services, enables companies to accelerate product innovation to achieve top line revenue growth and improve bottom line profitability. With world-class PLM solutions and a commitment to customer success, MatrixOne is focused on helping companies across the automotive, aerospace & defense, consumer, machinery, medical device, semiconductor and high-tech industries solve their most challenging new product development and introduction problems. More than 850 companies use MatrixOne's solutions to drive business value and gain a competitive advantage, including industry leaders such as BAE Systems, Bosch, Comau, General Electric, Honda, Johnson Controls, Linde AG, NCR, New Balance, Nokia, Philips, Porsche, Procter & Gamble, Sony Ericsson, STMicroelectronics and Toshiba. MatrixOne ( www.matrixone.com) is headquartered in Westford, Massachusetts, with locations throughout North America, Europe and Asia-Pacific. On March 1, 2006, Dassault Systemes entered into a definitive agreement to acquire MatrixOne, Inc., subject to customary closing conditions.
MatrixOne and the MatrixOne logo are registered trademarks and "a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain," The MatrixOne Semiconductor Accelerator for Enterprise Project Management, The MatrixOne Semiconductor Accelerator for Design-to-Manufacturing, The MatrixOne Accelerator for Apparel Design & Development and The MatrixOne Accelerator for FDA Compliance are trademarks of MatrixOne, Inc. All other trademarks and service marks are the property of their respective owners.
Forward-looking statements in this release are subject to risks and uncertainties that could cause our actual results to differ materially from those anticipated. Such statements may relate, among other things, to our plans, objectives and expected financial and operating results. The risks and uncertainties that may affect forward-looking statements include, among others: poor product sales, long sales cycles, difficulty developing new products, and difficulty in relationships with vendors and partners, higher risk in international operations, difficulty assimilating future acquisitions, difficulty managing rapid growth, and increased competition. For more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings.
MatrixOne, Inc. Sharon Rodger, 978-589-4066 Email Contact or fama PR Jeff Drew, 617-758-4145 Email Contact