MatrixOne Signs OEM Agreement with Cadence

Relationship to create collaborative PLM solutions for electronic design automation

Relationship to create collaborative PLM solutions for electronic design automation

Westford, MA — October 23, 2003 — Collaborative product lifecycle management (PLM) provider MatrixOne Inc. today announced that it has established an original equipment manufacturer (OEM) with Cadence Design Systems Inc.

Under the agreement, Cadence said it would embed MatrixOne technology into PLM solutions that will be marketed and supported directly by Cadence.

The companies said the new offerings would enable engineering teams to collaborate on the development of printed circuit board (PCB) designs. These new products will provide PCB design customers with new capabilities to help shorten design cycles, reduce design spins and lower overall design costs.

"The design of electronic products is a complex engineering discipline, requiring very effective collaboration and communication across geographically dispersed teams," said Charlie Giorgetti, corporate vice president and general manager of the silicon-package-board business unit at Cadence. "MatrixOne solutions offer the architecture and flexibility we need to meet our customers' rigorous requirements."

Today's announcement is a significant milestone in the strategic joint initiative that MatrixOne and Cadence announced earlier this year, according to the companies. MatrixOne is also an ongoing member of the Cadence Connections Program for open interoperability.

"The structure of global electronics design and value chains are becoming increasingly complex and fragmented," said Mark O'Connell, president and CEO, MatrixOne. "Our relationship with Cadence provides collaborative product design solutions that customers can integrate into their existing design environment, enabling them to balance their product development investments between their internal resources and their outsourced and offshore design and manufacturing partners."

The agreement is effective immediately.