MALMO, Sweden, Aug. 8, 2005 (PRIMEZONE) -- Telelogic, the leading global provider of software solutions that align advanced systems and software development with business objectives, today announced that it has been named "the most dynamic MDD vendor in the first half of 2005" by respected market intelligence firm IDC. According to IDC Insight, IDC analysts view Telelogic's recent acquisition of Popkin Software as "an important step in increasing the stature of Telelogic as one of the leading model driven development (MDD) vendors." (1)
"We are pleased that IDC has recognized the merits of our strategic acquisition and continuing efforts to advance model driven development," said Anders Lidbeck, president and CEO of Telelogic. "The addition of Popkin's System Architect enhances the value and powerful capabilities of Telelogic's lifecycle management tools because it bridges the gap between advanced software and systems development and the general IT marketplace, strengthening our position in that segment."
IDC based its evaluation of Telelogic's acquisition of Popkin Software on how well the synergy and value of the two companies' blended MDD solutions relate to the size and growth of the MDD market and the demand of end-users for process modeling tools. Analysts also considered how the acquisition affected Telelogic's competitive position in addressing the needs of the general IT market. The IDC opinion noted the following reasons why analysts find significant value in Telelogic's acquisition of Popkin:
-- "A shared foundation in UML and mutual success in addressing
the development of advanced systems and software."
-- "Minimal overlap in product functionality and customers."
-- "Increased stability and support for the Popkin products."
-- "Increased stature for Telelogic who was already one of the
leading vendors in the MDD market."
"IDC estimates that the model driven development market will grow at a compounded annual rate of 9.6 percent from $513 million to $812 million by 2009,"said Stephen Hendrick, IDC. "With the acquisition of Popkin Software and its MDD products, Telelogic is positioned to capture a larger share of the market as it enhances its capabilities in the advanced system and software development market." (2)
The IDC opinion also discusses the many synergies between the products and marketing philosophy of Telelogic and Popkin Software as indicators of a successful acquisition for both the organizations and its customers. Namely, each company has a strong reputation in the marketplace for sophisticated modeling products for the development of advanced systems and software. In addition, both companies take a product-oriented approach to serving their respective global customers. IDC sees these synergies as important for a smooth acquisition without disruption to end users of Telelogic and Popkin Software products.
Popkin Software's System Architect has been ranked number one by analyst firm Gartner for enterprise architecture and business process modeling. The easy integration of System Architect with Telelogic's integrated portfolio of application lifecycle management tools optimizes each phase of modeling, design and development. The addition of System Architect also strengthens Telelogic's product offering and its ability to deliver higher quality results in less time, with greater predictability and lower overall costs.
With System Architect, Telelogic can offer a solution that enables customers to model the enterprise architecture in System Architect, and then detail the model in Telelogic TAU. System Architect also enhances the capabilities of Telelogic DOORS, because users can link business objectives with product requirements. Companies can take advantage of these complementary solutions whether they are developing internal financial systems or advanced software and systems for automobiles, aircraft, or telecom systems.
Foot note: (1) IDC, Telelogic Acquires Popkin Software, doc. #33722, July 2005. (2) Ibid
About IDC
IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. Over 775 IDC analysts in 50 countries provide global, regional, and local expertise on technology and industry opportunities and trends. For more than 40 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting http://www.idc.com.
About Telelogic
Telelogic is a leading global provider of solutions for automating and supporting best practices across the enterprise -- from powerful modeling of business processes and enterprise architectures to requirements-driven development of advanced systems and software. Telelogic's solutions enable organizations to align product, systems and software development lifecycles with business objectives and customer needs to dramatically improve quality and predictability, while significantly reducing time-to-market and overall costs.
To better enable our customers' drive towards an automated lifecycle process, Telelogic supports an open architecture and use of standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations such as INCOSE, OMG, BPMI.org, The Open Group, Eclipse, ETSI, ITU-T, and the TeleManagement Forum.
Headquartered in Malmo, Sweden with U.S. headquarters in Irvine, California, Telelogic has operations in 18 countries worldwide. Customers include Airbus, Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Electric, General Motors, Lockheed Martin, Motorola, NEC, Philips, Samsung, Siemens, Sprint, Thales and Vodafone. For more information, please visit www.telelogic.com.
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