Irvine, Calif. and MALMO, Sweden, July 19, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that Computer Business Review (CBR) has included Telelogic in its ranking of the 10 most influential companies in application development for 2004.
Last year, Telelogic ranked ninth in CBR's 2003 top ten most influential companies in application development. This year, Telelogic moved up to seventh among leading industry counterparts such as Microsoft, IBM, and Sun Microsystems.
The CBR research report, ``Under the Shadow" was prepared by CBR analysts and praises Telelogic as ``a strong European contender in a field dominated by U.S. companies." The report also recognizes Telelogic's industry leading expertise in developing embedded systems for IT and the automotive, manufacturing, and finance industry using an ``impressive portfolio of products with TAU/Developer, DOORS/Analyst, and TAU/Architect, which provide real-time modelling and generation of code."
The report also supports and validates the benefits of Telelogic's advanced application lifecycle management (ALM) tools and how these tools give Telelogic a strong competitive edge in what CBR analysts call ``one of the most cutthroat sectors of IT:
"Telelogic is taking this experience into the broader market against Borland and IBM, launching Telelogic TAU/Developer for C++ and Java capable of generating real-time code from UML 2.0 models. Telelogic is likely to remain strong in existing verticals already using TAU/Developer . . ."
"This is the second year in a row that Computer Business Review has bestowed top 10 honors on Telelogic for our innovative application development tools," said Anders Lidbeck, president and CEO of Telelogic. ``This recognition reflects Telelogic's ongoing commitment to providing our customers with best-in-class solutions."
Computer Business Review, published in the UK, is an IT industry publication that covers industry trends, news, and personalities. It is read by senior executives such as CEOs, CIOs, IT directors, vice presidents, investment bankers, and market analysts. The publication has 25,000 subscribers in the UK and Europe and attracts international readers through its web site, CBROnline.
For a limited time, complimentary copies of the Computer Business Review research report can be downloaded at: www.telelogic.com/cbr
About Telelogic
Founded in 1983, Telelogic(R) is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the application development lifecycle, leaving developmentteams free to concentrate on core competencies and apply their skillsand energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher qualitysystems and software with greater predictability, reduced time-to-marketand lower overall costs.
To ensure interoperability with third-party tools, Telelogic's productsare built on an open architecture and standardized languages. As anindustry leader and technology visionary, Telelogic is actively involvedin shaping the future of advanced systems and software development byparticipating in industry organizations like ETSI, INCOSE, ITU-T, OMGand others.
Headquartered in Malmo, Sweden with U.S. headquarters in Irvine,California, Telelogic has operations in 17 countries worldwide.Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler,Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC,Nokia, Philips, Siemens, Thales and Vodafone. For more information,please visit www.telelogic.com
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http://www.waymaker.net/bitonline/2004/07/19/20040719BIT20320/wkr0001.pdf