Cadence, MatrixOne and IBM Collaborate to Deliver Product Design Solutions for the Global Electronics Industry.Business Editors/High-Tech Writers SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., WESTFORD, Mass., ARMONK, N.Y.--(BUSINESS WIRE)--May 21, 2003-- Industry Leaders Target Electronics with Product Lifecycle Product lifecycle or product life cycle is the course of a product's sales and profits over time. The five stages of each product lifecycle are product development, introduction, growth, maturity and decline. Management Solutions to Accelerate Design to Volume and Lower Costs Cadence Design Systems (company) Cadence Design Systems - A company that sells electronic design automation software and services. http://cadence.com/. See also Verilog. , Inc. (NYSE NYSE See: New York Stock Exchange :CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. ), MatrixOne, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :MONE) and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE:IBM) have announced they are teaming to deliver a comprehensive, integrated set of Product Lifecycle Management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) solutions for the global electronics industry. The new offerings will combine business transformation consulting, application customization, installation and training from IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. ; platforms and software -- including IBM WebSphere(1) and DB2(1) middleware products; along with new, integrated PLM offerings from Cadence and MatrixOne. This advanced solution will enable collaborative design directly from the engineering desktop; synchronize activities across the software, electronics and mechanical design disciplines; and make it easier for original equipment manufacturers (OEMs), semiconductor companies and Electronic Manufacturing Services (EMS) providers to work together. Electronics companies will be able to use the solution to help improve their new product introduction processes, optimize design manufacturing outsourcing, accelerate time to volume, and dramatically lower costs. As part of this plan, Cadence, MatrixOne and IBM Global Services are working with customers, other vendors and industry groups to develop and support new standards to improve integration and interoperability across the key technologies used in the software, electronic and mechanical design disciplines. "Our relationship with IBM Global Services and MatrixOne will allow us to offer new solutions that enable designers to work seamlessly across the extended enterprise," said Ray Bingham, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at Cadence Design Systems. "The result will be design chain optimization and faster time to volume production for the electronics industry." "These new offerings enable companies to synchronize the development of electronics design, embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed. development and mechanical packaging design in a single, integrated environment," said Mark F. O'Connell, president and CEO of MatrixOne. "We believe this offering will enable our joint customers to leverage the design capabilities of Cadence, the collaboration and business process capabilities of MatrixOne and the platform and service capabilities of IBM to create an environment that will allow them to drive new innovations to market." Cadence is a recognized leader in electronic design technologies, methodology services, and design services with leading solutions for designing integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , packaging and printed circuit boards. MatrixOne is a leading provider of collaborative product lifecycle management solutions that leverage IBM WebSphere and DB2 for product planning Product Planning is the ongoing process of identifying and articulating market requirements that define a product’s feature set. See also
"As companies outsource more manufacturing and design, it is critical that they create effective, secure collaborative development environments across their entire value chains," said Kevin Reardon, general manager, Electronics, IBM. "IBM is a significant electronics manufacturer in its own right. Our collaboration with such leading companies as Cadence Design Systems and MatrixOne expands our ability to deliver advanced PLM capabilities to the electronics industry that leverage our own expertise, transformational offerings, platforms, open middleware and services to help customers become best-in-class manufacturers." About Cadence Design Systems Cadence is the world's leader in electronic design technologies, methodology services, and design services. Cadence solutions are used to accelerate and manage the design of semiconductors, computer systems, networking and telecommunications equipment, consumer electronics, and a variety of other electronics-based products. With approximately 5,200 employees and 2002 revenues of approximately $1.3 billion, Cadence has sales offices, design centers, and research facilities around the world. The company is headquartered in San Jose, Calif., and traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CDN. More information about the company, its products and services is available at www.cadence.com. About MatrixOne MatrixOne, Inc. (NASDAQ: MONE) is a recognized leader in delivering collaborative Product Lifecycle Management (PLM) solutions. We provide flexible solutions that unleash the creative power of global value chains to inspire innovations and speed them to market. MatrixOne's customers include global leaders in the aerospace and defense, automotive, consumer products, high technology, life sciences, machinery, and the process industries, including Agilent Technologies This article needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , General Electric, Honda, Johnson Controls Johnson Controls, Inc. (NYSE: JCI) is a United States company, based in Milwaukee, Wisconsin, specializing in the design, manufacturing, and installation of automotive systems, automotive batteries (Optima[1] based in Denver, Colorado) and climate control systems. , Philips, Procter & Gamble, Siemens, and Toshiba. MatrixOne (http://www.matrixone.com/) is headquartered in Westford, Massachusetts Westford is a town in Middlesex County, Massachusetts, United States. The population was 20,754 at the 2000 census. History Westford was first settled in 1635. Originally a part of neighboring Chelmsford, West Chelmsford soon grew large enough to sustain its own with locations throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, and Asia/Pacific. IBM Global Services IBM Global Services is the world's largest information technology services and consulting provider, generating over $36 billion in 2002. Approximately 180,000 professionals serve customers in over 160 countries, providing the entire spectrum of customers' e-business needs -- from the business transformation and industry expertise of IBM Business Consulting Services to hosting, infrastructure, technology design and training services. IBM Global Services delivers integrated, flexible and resilient processes -- across companies and through business partners -- that enable customers to maximize the opportunities of an on-demand business environment. For more information, visit: www.ibm.com/services Cadence and the Cadence logo are registered trademarks of Cadence Design Systems, Inc. (1) Trademark or registered trademark of the International Business Machines Corporation. MatrixOne and eMatrix are registered trademarks, and a leading provider of collaborative product lifecycle management (PLM) solutions for the value chain is a trademark 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, 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. |
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