MatrixOne Inc and Scandent Group Ltd have come together in India. The new company, MaxOne India Pvt Ltd, will be the authorised provider of MatrixOne solutions in the country. MatrixOne India is a contractual joint venture, which will sell MaxOne products and bring the MaxOne brand to the local capability of the Scandent Group.
MatrixOne is a $130 million provider of collaborative product life-cycle management solutions for the value chain.
According to AMR Research, product life-cycle management is the fastest growing enterprise software application segment, achieving a 35 per cent compound annual growth rate. The segment has the potential to grow to a $ 7.5 billion market by 2005.
Ramesh Vangal, CEO of Scandent Group, said MatrixOne not only brings its own products, but also licences intellectual property of companies such as Procter & Gamble in the areas of product innovation and development. This gives companies in India