MALMO, Sweden, Feb. 11, 2005 (PRIMEZONE) -- Telelogic, (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, announced a licensing and maintenance agreement with a leading European customer care and billing service provider. In total, the agreement is worth 780,000 EUR over a two year period. The customer has an option to cancel future deliveries for the second year.
The two-year contract will ultimately see Telelogic's application lifecycle solution deployed to developers delivering customer critical solution to the banking, insurance and finance market. The customer will deploy, Telelogic DOORS(R) for requirements management, Telelogic TAU(R) Generation2 for UML modelling and Telelogic SYNERGY for change and configuration management.
"This order show the confidence service providers have in Telelogic's ability to deliver a superior solution that meets the demanding requirements of today's finance industry." said Anders Lidbeck, President and CEO of Telelogic. "Telelogic's requirements-driven approach, together with our complete application lifecycle management solution help the customer to improve quality while significantly reducing cost, which is a major challenges for all markets today."
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 lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs.
To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and 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 like ETSI, INCOSE, ITU-T, OMG and 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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