MALMO, Sweden, March 31, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced a US$2.16 million licensing and maintenance agreement with a leading American automotive supplier. The company is a world leader in mobile electronics, transportation components and systems technology.
The five-year contract includes licensing and maintenance fees for Telelogic SYNERGY, which is already deployed at more than a dozen of the company's development sites worldwide. The agreement expands the customer's installation to more than a thousand of users.
"This deal reinforces our strategy of providing innovative, best-in-class development tools for the most demanding industries," said Anders Lidbeck, president and CEO. "With this sizable, five-year agreement, we continue to prove our value as we expand our penetration in the automotive market."
The unique capabilities of SYNERGY have simplified component reuse for the manufacturer, particularly with distributed development teams all working on the same projects. The company also relies heavily on SYNERGY's build management capabilities, allowing it to rebuild previous releases at any point in time.
"Automotive software and systems are increasingly sophisticated with extreme performance and quality requirements. And when failure can be catastrophic, broken code is unacceptable," said Scott Raskin, President, Telelogic Americas and Asia/Pacific. "With so much at stake, SYNERGY provides automotive manufacturers with the reliability, quality and accountability they need."
About Telelogic SYNERGY
Telelogic SYNERGY is an integrated tool family for change and configuration management, which provides lifecycle control for a company's software development assets. This enables superior quality advanced software and systems to be developed faster and at reduced cost.
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 development 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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