UGS starts anew; MatrixOne pays cash

Days after being spun off in a sale netting EDS $2.05 billion, the new PLM company known simply as UGS inked a deal to buy D-Cubed Ltd., a supplier of embedded technology used by CAD developers. Tony Affuso, president and CEO of UGS, says the deal extends UGS software with geometric modeling functionality. Venture capital powerhouses Bain Capital, Silver Lake Partners, and Warburg Pincus back UGS.

And while there was no dollar amount revealed for UGS's purchase of D-Cubed—slated to close in July—another PLM vendor, MatrixOne, plans to pay $18 million in cash and stock for Synchronicity, an electronic design management software company with applications at 13 of the top 15 semiconductor companies. The deal, which MatrixOne CEO and President Mark O'Connell thinks can expand MatrixOne's customer base by 20 percent, should close in August.