Citadon and MatrixOne Partner to Deliver Product Collaboration Solutions for the Engineering and Building Industries.Business/Technology Editors WESTFORD, Mass. & SAN FRANCISCO--(BUSINESS WIRE)--Sept. 11, 2001 -- Citadon to build next-generation applications on MatrixOne's eMatrix collaborative framework to extend its leadership in the $3.9 trillion industry -- 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), a leading provider of product collaboration for the value chain(TM), and Citadon Inc., a leading provider of e-business services targeting the building and engineering industry (www.citadon.com), today announced that Citadon has selected MatrixOne's eMatrix(TM) product collaboration platform An emerging category of computer software, collaboration platforms are unified electronic platforms that support synchronous and asynchronous communication through a variety of devices and channels. to deliver and launch their next-generation global project management and collaborative application offerings. Through eMatrix, Citadon's customers will gain the ability to seamlessly and globally manage both their most complex development projects as well as their core business processes across all their projects and capital works programs Noun 1. works program - a program to provide jobs on public works paid for by government funds program, programme - a system of projects or services intended to meet a public need; "he proposed an elaborate program of public works"; "working mothers rely on the day . "The building and engineering industries require complicated and detailed coordination, collaboration, and communication. However, the ever-changing locations of construction sites make it almost impossible to have the communication support systems that traditional manufacturing has expected and depended upon for day-to-day operations," said Jack Maynard, research director of the Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. . "By embracing Web-centric strategies to improve connectivity, these complex communications problems can be solved, improving productivity and thereby enhance the organization's responsiveness and accountability. This will lead to a better competitive stance and ultimately improved customer satisfaction and profitability in this industry." Citadon develops collaboration software See collaborative software. that enables enterprises in the engineering and construction industries to leverage the Internet to solve the complex project collaboration problems. The eMatrix infrastructure will provide the foundation for a high performance, scalable, and secure communication platform to manage complex global projects. The joint solution will provide customers with the ability to communicate, capture and leverage knowledge across their extended enterprise and value chain while minimizing risk and increasing operational efficiency. "Citadon supports its clients in managing complexity in their projects. In so doing, project information needs to be managed from concept through obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. with very high volumes of data, user interaction, and a solid sense of security even while geographically dispersed" stated Bernard Fried, 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. of Citadon. "The ability for our customers to network their suppliers and collaborate in real time to manage any given project is critical to lowering overall costs and delivering quality results. Teaming with MatrixOne(R) will allow us to extend our leadership in this area and introduce advanced services and efficiencies to our industry." "MatrixOne has been a trusted partner in helping companies in the process industry solve their complex needs, and this relationship is a great fit with the application and domain expertise of Citadon," said Mark O'Connell, president and chief executive officer of MatrixOne. "The engineering and building industries engage in large complex projects that embrace multiple suppliers across the world. While this provides an enormous challenge, it at the same time offers a high return of value for customers including the opportunity to save significant time and money and yield more innovative results." About Citadon Citadon Inc. provides the $3.9 trillion global engineering and building industry with collaboration software that enables the delivery of integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption. designed to reduce financial and legal risk, improve profitability and create accountability and predictability across global projects. Citadon's services help customers to conduct and manage core business processes, collaborate and communicate seamlessly, and capture and leverage knowledge across the extended enterprise. Headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Citadon's services are currently being utilized in over 30 countries, by more than 30,000 active subscribers on projects with a construction value in excess of $110 billion. Currently Citadon customers include Barton Malow, the Bechtel Group, Bidcom Ltd., The Chicago Transit Authority
About MatrixOne MatrixOne, Inc. (NASDAQ: MONE) is changing the way the world brings products to market(TM). The company's eMatrix(TM) product collaboration platform and out-of-the-box Value Chain Portfolio(TM) applications enable online collaboration across global value chains and secure access to independent trading communities in private and public Net markets. A trusted partner to innovative companies, MatrixOne(R) helps customers accelerate the right products to market. MatrixOne's more than 575 global customers represent the high-technology, aerospace/defense, automotive, communications, consumer, mechanical, machinery, medical equipment, and process industries, including GE, John Deere, Procter & Gamble, Nokia, Siemens, JDS Uniphase JDS Uniphase Corporation (JDSU) NASDAQ: JDSU is a company that manufactures and designs products for fiber optic communication and test equipment. It is headquartered in Milpitas, California, USA. , and Honda. 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 , MatrixOne (www.matrixone.com) also maintains offices in 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, with additional distributors in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and Australia. MatrixOne is a registered trademark, and eMatrix, Changing the Way the World Brings Products to Market, Leading Provider of Product Collaboration for the Value Chain, and Value Chain Portfolio are trademarks of MatrixOne, Inc. All other trademarks and service marks are the property of their respective owners. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. , difficulty assimilating future acquisitions, difficulty managing rapid growth, and increased competition. For a more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings. |
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