Telelogic Signs 630,000 EUR Contract Extension Agreement with Global Security Company MALMÖ, Sweden and IRVINE, California - 1 August 2007 - Telelogic (Nordic Exchange/MidCap/TLOG), today announced that it has signed a contract extension agreement worth 630,000 EUR for license, maintenance and services with a global security company. The company having selected Telelogic as preferred vendor of software solutions, gained significant development, quality, productivity and business stability improvements through the existing agreement and will extend it to run for a further four years with additional licenses of Telelogic Tau®, Telelogic SDL Suite™ and Telelogic DOORS® “World leading security companies need to adhere to the highest safety and reliability standards while complexity and productivity needs get even greater. Telelogic has once again been selected as the only company capable of delivering against these demanding requirements”. said Anders Lidbeck, president and CEO of Telelogic. “The customer decision to extend the contract and increase their adoption of Telelogic's solutions is further endorsement of our business and technology leadership” 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 +46 705 17 47 30
Telelogic Signs 630,000 EUR Contract Extension Agreement with Global Security Company
| Quelle: Telelogic AB