Covisint LLC signs a deal with MatrixOne Inc. to provide program management software to the Internet portal. Covisint says it will have MatrixOne application software up and running within 60 days.

MatrixOne says its software can cut product development time 30% to 40%. Customers will be able to use its software via Covisint without having any MatrixOne systems of their own. But to fully take advantage of the software capability, automakers and suppliers will need some MatrixOne installations.

Fallout from the deal is Covisint's relationship with software developer NexPrise. That will end, Covisint says, chiefly because MatrixOne's software has the functionality customers are demanding, and the supplier has the global reach Covisint wants.