Telelogic Signs 3.3 MUSD Agreement with Global Semiconductor Manufacturer MALMÖ, Sweden and IRVINE, California - March 17, 2008 - Telelogic (Nordic Exchange/MidCap/TLOG) today announced that a global semiconductor manufacturer has signed a three-year license and maintenance agreement for core components of Telelogic's solutions for Enterprise Lifecycle Management (ELM), with a value of 3.3 MUSD. The agreement sees the company standardize their enterprise change and configuration management with Telelogic Synergy™, and their processes for requirements definition, analysis and management with Telelogic DOORS®. The majority of the agreement originates from Telelogic Synergy™. “The company's decision to extend their current agreement coupled with standardizing on the core requirements and change and configuration management parts of our solutions for Enterprise Lifecycle Management (ELM) is yet further evidence of Telelogic as the vendor of choice for advanced systems and software development,” said Anders Lidbeck, President and CEO of Telelogic. 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 3.3 MUSD Agreement with Global Semiconductor Manufacturer
| Source: Telelogic AB