Telelogic signs 3.5 MEUR Agreement with Global Leading Aerospace Defense Manufacturer MALMÖ, Sweden and IRVINE, California - October 1, 2007 - Telelogic (Nordic Exchange/MidCap/TLOG) has signed a 3.5 year, 3.5 million Euro license, maintenance and consultancy agreement with a European aerospace defense manufacturer. The agreement was signed on September 28. The agreement extends an existing six year contract signed in 2004 and includes Telelogic DOORS® for requirements definition, analysis and management and Telelogic Change™ for requirements change management. “Telelogic worked closely with the customer to build upon and expand the successful agreements established in 2002 and extended in 2004,” said Anders Lidbeck, President and CEO of Telelogic. “This contract extension allows us to build upon the existing relationship and further reinforces the success the customer is realizing from working with Telelogic. Today's announcement takes our agreement beyond the ten year mark and not only strengthens our long-term relationship with this customer, but also confirms our leading position within the aerospace and defense industry.” 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 market-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 Phone: +46 (40) 17 47 30
Telelogic signs 3.5 MEUR Agreement with Global Leading Aerospace Defense Manufacturer
| Quelle: Telelogic AB