Telelogic Signs 920,000 USD Agreement with Asia Pacific Based Defense Manufacturer MALMÖ, Sweden and IRVINE, California - January 2, 2008 - Telelogic (Nordic Exchange/MidCap/TLOG) today announced that an Asia Pacific based global defense manufacturer has signed a five year license and maintenance agreement for core components of Telelogic's Solution for Enterprise Lifecycle Management (ELM), with a value of 920,000 USD. The agreement doubles the existing contract and will see the company extend and standardize their requirements definition, analysis and management process across all development departments with Telelogic DOORS®, with increased investment in Telelogic Change™ for enterprise change management of their formal requirements process. The contract also includes further investment in Telelogic Systems Architect® to deliver the MoDAF and DODAF enterprise architecture modeling capabilities demanded by the defense industry. “Telelogic has worked closely with this customer to build upon and expand the existing successful DOORS implementation," said Anders Lidbeck, President and CEO of Telelogic. “The agreement is another significant endorsement of Telelogic's ability to deliver the solutions required by companies that are at the cutting edge of innovation”. 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
Telelogic Signs 920,000 USD Agreement with Asia Pacific Based Defense Manufacturer
| Source: Telelogic AB