Asia Pacific Financial Institution Signs 1.3 MUSD Agreement with Telelogic MALMÖ, Sweden and IRVINE, California - October 3, 2007 - Telelogic (Nordic Exchange/MidCap/TLOG) has signed a 3 year, 1.3 million USD licenses, maintenance and services agreement with an Asia Pacific wealth management institution. With the agreement the company has standardized their requirements definition, analysis and management processes with Telelogic DOORS® and their business process and enterprise architecture modeling requirements with Telelogic System Architect®. “Telelogic continues to experience substantial growth within the financial market sector, where companies need a truly integrated solution for business and development,” said Anders Lidbeck, President and CEO of Telelogic. “The decision to invest in these core components of Telelogic Solutions for Enterprise Lifecycle Management is further endorsement of both our strategy and products ability to deliver against this requirement.” 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 +46 (40) 17 47 30
Asia Pacific Financial Institution Signs 1.3 MUSD Agreement with Telelogic
| Source: Telelogic AB