MatrixOne specializes in Product Lifecycle Management (PLM). Most customers of MatrixOne are Fortune 1000 companies. For the year 2004 they reported 650 global customers. Their flagship product is the Matrix10, which consists of a bundle of business process applications based on a common interoperable foundation platform.
The company has its headquarters in Lowell, Massachusetts and several offices throughout United States, Canada, Europe, Asia, and Pacific Rim. As of 2005, MatrixOne employs approximately 650 people globally. MatrixOne was founded in 1983 as Adra Systems and changed its name in 1997. The company held its initial public offering of shares in March 2000.
On March 2, 2006, Dassault Systemes announced their $408 million buyout of MatrixOne. The company was subsequently renamed ENOVIA MatrixOne at that time.