Dassault Systmes, a product lifecycle management (PLM) solutions provider, will purchase MatrixOne, a provider of collaborative PLM solutions for $408 million. The deal has been approved by both companies' boards and is expected to be completed by the end of second quarter.
MatrixOne services medium-to-large organizations in high tech, consumer products and medical devices industries. Its client list includes General Electric, IBM, Intel, Nokia, Philips, Qualcomm and Toshiba.
"This strategic action will further advance our roadmap to provide on-demand service-oriented solutions. And from a collaboration perspective, our combined portfolio will provide offerings for teams, for the extended enterprise and for multi-enterprise integration," said Bernard Charls, Dassault Systmes' president and CEO.
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