The "Co" Stands for "Collaboration"

Covisint turns to MatrixOne for collaborative commerce features

Tempe, AZ  September 5, 2001  Covisint, the auto industry's coalition e-marketplace, will use software from MatrixOne to provide collaborative commerce features for the online exchange.

In announcing its selection today, Covisint said it tapped MatrixOne because of the solution provider's experience in the automotive industry and the breadth of its collaborative commerce offering.

"The selection of MatrixOne will enable Covisint to continue to improve our customers' ability to meet the challenges of time-to-market, quality and cost efficiency," said Kevin English, chairman, CEO and president of Covisint. "Covisint has chosen MatrixOne for its proven track record for solving these challenges."

Mark O'Connell, president and CEO of MatrixOne, also pointed to his company's auto industry pedigree. "MatrixOne has extensive experience in helping leading automotive companies address business challenges," he said.

Covisint says its collaboration platform, Virtual Project Workspace (VPW), allows the exchange's customers to manage projects across the Internet in a private, secure environment. The platform currently includes tools for document management, workflow and routing, as well as a suite of tools for interenterprise management and collaborative bidding processes.

Covisint said it would continue to provide visualization and online conferencing for the VPW, as well as secure single sign-on and registration. The exchange said it would also continue to add new technology to its collaborative product offering over time.

O'Connell said that the addition of MatrixOne's software to Covisint's offering will help bring greater efficiency, speed and innovation to the way automotive companies bring products to market. "The opportunity for improved efficiency in the automotive supply chain is enormous," he said.

Covisint was founded by DaimlerChrysler, Ford, General Motors, Nissan, Renault, Commerce One and Oracle. Since its inception, PSA Peugeot Citroen has also joined the initiative. Covisint has headquarters in Amsterdam, Tokyo and Southfield, Mich.

MatrixOne is headquartered in Westford, Mass.