MatrixOne Appoints Stephen Dunn to Drive Collaboration Solutions Throughout the Automotive Industry
WESTFORD, Mass.--Dec. 3, 2001--MatrixOne, Inc. , a leading provider of product collaboration solutions for the value chain, today announced the appointment of Stephen P. Dunn to head MatrixOne's automotive business unit as vice president, automotive industry. In this capacity, Dunn is responsible for driving continued success in and further building MatrixOne's global automotive business. With customers including Honda, Johnson Controls, Valeo, Faurecia, Scania, Porsche, Iveco, Autoliv, Eaton, Dana, Draxelmaier, Xcellsis, and Covisint, MatrixOne has proven leadership in delivering product collaboration and sourcing solutions that accelerate automotive products to market.
"The automotive industry will be driven by the adoption of fundamental business processes that enable real-time, global collaboration. Implementing such solutions may result in system-wide cost reductions up to 20 percent as the industry adopts a new business model," said David Cole, director, Center for Automotive Research. "MatrixOne offers technology that facilitates the ability to cooperate and collaborate, and automotive companies can greatly benefit from the connectivity that these solutions bring."
MatrixOne has established its leadership position in the automotive industry by working with more than 80 automotive companies, more than half of which are headquartered outside North America. MatrixOne's automotive team is offering technology solutions today that have been designed to improve how leading OEMs and suppliers throughout the world bring their products to market.
"Forrester Research tells us that three-quarters of automotive suppliers plan Web-based collaborative product development by 2003. Collaboration solutions are critical for suppliers addressing the challenges of shrinking design and production cycles. MatrixOne's solutions are proven to improve product lifecycles and reduce costs in the automotive sector," said Mark O'Connell, president and chief executive officer of MatrixOne. "Dunn's extensive experience and understanding of how collaboration solutions can benefit the automotive industry will heighten our focus on this important sector. This appointment reinforces our strategic value proposition as the leading collaboration solutions provider for the automotive value chain."
"Time-to-market, innovation, quality, outsourcing, and return on assets are among the key challenges that MatrixOne's automotive team is helping global automotive value chains address today in more than 30 countries," states Dunn. "For the past five years, MatrixOne has been dedicated to teaming with the leading global automotive consultants. Partnering with companies like PricewaterhouseCoopers, Cap Gemini Ernst Young, Deloitte Consulting, Nippon Steel, Fujitsu, gedas, and Softlab has provided automotive companies with a winning combination of best-of-breed technology and global teams with deep domain expertise in product development improvements for the automotive industry. The result is solutions that help automotive companies accelerate products to market."
Joining MatrixOne in 1997, Dunn ran the MatrixOne Global Alliance Program, which works with the world's leading system integrators and other technology partners to create value for joint customers. Dunn most recently held the position of vice president of business development, NetMarkets. In this role, he helped established MatrixOne as the collaboration platform standard for industry marketplaces. Among MatrixOne's leading B2B marketplace partners are e2open (electronics), Citadon (construction and engineering), and Covisint (automotive).
Prior to joining MatrixOne, Dunn worked with a number of software companies, helping them to develop product strategies and build global sales and delivery organizations for the automotive industry.
About MatrixOne
MatrixOne, Inc. 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 marketplaces. A trusted partner to innovative companies, MatrixOne helps customers accelerate the right products to market. MatrixOne's more than 575 global customers represent the aerospace/defense, apparel, automotive, consumer packaged goods, general machinery, high-technology, and medical equipment industries, including GE, Procter & Gamble, Nokia, Siemens, JDS Uniphase, and Honda. Headquartered in Westford, Massachusetts, MatrixOne (www.matrixone.com) also maintains offices in North America, Europe, and Asia, with additional distributors in Latin America and Australia.
MatrixOne and Adaplet are registered trademarks, and eMatrix, Changing the Way the World Brings Products to Market, Product Collaboration Solutions 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 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 a more about the risks and uncertainties of our business, see our periodic and other S.E.C. filings.