North American Defense and Technology Company Invests 608,000 USD in Telelogic's Solutions for Enterprise Lifecycle Management MALMÖ, Sweden and IRVINE, California - 02 July 2007 - Telelogic (Nordic Exchange/MidCap/TLOG), today announced that it has signed a four year 608,000 USD license and maintenance agreement with a North American Defense and Technology Company. The agreement will see the company use Telelogic's solutions for Enterprise Lifecycle Management (ELM), a solution covering the development process from requirements management, analysis and definition through to delivery of final product. “Telelogic continues to strengthen its position in the defense and aerospace industry and today's announcement further confirms our leading position in this market”, said Anders Lidbeck president and CEO of Telelogic. “With Telelogic's solution for ELM in place, distributed development teams can work more effectively together, deadlines are met, errors are minimized and governance in the most demanding of industries is achieved”. About Telelogic Telelogic is the leading global provider of software solutions for Enterprise Lifecycle Management (ELM). Award-winning Telelogic software helps customers design, develop, and deliver the world's most advanced and innovative products, systems, and software more efficiently by aligning and optimizing development lifecycles and business processes with business objectives and customer needs. Telelogic helps customers improve quality and predictability while reducing time-to-market and overall costs. Headquartered in Malmö, Sweden with U.S headquarters in Irvine, California, Telelogic conducts business in more than 40 countries. More than one third of the Fortune Global 500 companies use Telelogic software including marketing-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide. For more information, see www.telelogic.com. Corporate Communications Contact: Catharina Paulcén, EVP Corporate Communications +46 (40) 17 47 30
North American Defense and Technology Company Invests 608,000 USD in Telelogic's Solutions for Enterprise Lifecycle Management
| Quelle: Telelogic AB