MALMO, Sweden, Jan. 2, 2003 (PRIMEZONE) -- Telelogic (Stockholm:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced systems and software development, today announced that a leading European telecom vendor yesterday signed a major license agreement for Telelogic's advanced configuration and change management tools, Telelogic Synergy. The agreement is worth U.S. $475,000. The customer is a major current user of Synergy and by this agreement extends the number of licenses throughout its development organization. The agreement was signed on Dec 31, 2002.
"Our long-term relationships with the major players in our focused segments are especially valuable in this continued tough market for software products," said Anders Lidbeck, President and CEO for Telelogic. "With Telelogic Synergy the customers have an excellent tool to manage different versions and configurations of the systems and software being developed, as well as keeping track of all changes incurred during development. Today's agreement with a current large user of Synergy is a strong vote of confidence for our products' value-added in terms of increased productivity and a more efficient and better managed development process."
About Telelogic
Founded in 1983, Telelogic(R) is the leading global provider of solutions for advanced systems and software development. The company's integrated best-in-class software tools, supported by professional services, enable companies to automate their entire development lifecycle, resulting in improved quality and predictability with reduced time-to-market and 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 3GPP, ETSI, INCOSE, ITU-T, MOST, OMG and others.
Headquartered in Malmo, Sweden with U.S. headquarters in Irvine, California, Telelogic has more than 800 employees worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens and Thales. For more information, please visit www.telelogic.com
Contacts:
Catharina Sundelin, VP Corporate Communications Telelogic AB Phone: +46 40 17 47 30 catharina.sundelin@telelogic.com
Telelogic, Telelogic DOORS, Telelogic Tau and Telelogic DocExpress are the registered trademarks of Telelogic AB. Tau/Developer, Tau/Architect, and Tau/Tester are trademarks of Telelogic AB. All other trademarks are the properties of their respective holders.
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