MatrixOne is a small company that's long been associated with big names: its customers, which include General Electric and Procter & Gamble. Now it's associated with one of the biggest names in product life-cycle management, as Dassault Systèmes plans to buy MatrixOne for about $408 million.
PLM is a hot software category. As more companies rely on their suppliers to help them design products and components, the ability to have designers collaborate electronically and work on similar systems is vital. MatrixOne had $124 million in sales in its most-recent fiscal year.
Dassault has a strong presence in manufacturing, used in marquee projects such as Lockheed Martin's design of the Joint Strike fighter jet. And it's well-established among automakers, including Toyota. The acquisition of MatrixOne is intended to extend Dassault's reach into more industries, since MatrixOne has clients from high tech to consumer goods to medical devices.
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