Panther Systems acquires Matrix Trim
“This marks an important step forward for Panther. Matrix brings strong capabilities, proven functionality, longstanding customer relationships, and a highly respected name in the market. Founded in 1970 by George Stillwagon, Matrix has deep roots in developing mathematical models to optimize scheduling challenges in the paper industry.” —Larry Foltz, CEO of Panther Systems
Vancouver, Washington – The American software company Panther Systems, Inc., completed the acquisition of Matrix Incorporated, becoming effective April 1, 2026.
“This marks an important step forward for Panther,” said Larry Foltz, CEO of Panther Systems. “Matrix brings strong capabilities, proven functionality, longstanding customer relationships, and a highly respected name in the market. Founded in 1970 by George Stillwagon, Matrix has deep roots in developing mathematical models to optimize scheduling challenges in the paper industry.”
Adding the time-tested performance of Matrix Trim and other Matrix software technologies to Panther Systems ensures Panther’s market position as a leader in custom software for pulp, paper, and other continuous manufacturing processes. Matrix products include trim optimization, block scheduling, and load planning software applications. These products optimize production machine efficiency, improve sustainability, and ease workloads for planning and operations teams.
Matrix solutions drive planning, production, and shipping activities at paper mills, converters, and warehouses for many notable manufacturers and converters. Panther already integrates Matrix solutions with Panther manufacturing execution systems (MES) for many of its customers. These solutions can be implemented independently or in conjunction with one another.
Panther is taking steps to ensure Matrix customers continue to receive the value and responsive support for which Matrix is known and benefit from the continued innovation that Panther Systems has made a centerpiece of its products and services. Panther continues to develop new software technologies, leveraging the innovations of both companies.
About Panther Systems
Established in 1993, Panther Systems is acknowledged by pulp and paper experts as the leading provider of manufacturing execution, quality control, process analysis and other manufacturing intelligence systems. Visit panthersys.com for information or call 360-750-9783.
