Telelogic Signs 1.1 MUSD Agreement With Leading Asia Pacific Industrial Automation and Transportation Service Provider
Posted on: Monday, 3 December 2007, 09:00 CST
Regulatory News:
Telelogic (STO:TLOG), today announced that it has signed a 5 year 1.1 MUSD license and maintenance agreement with an Asia Pacific industrial automation and transportation service provider.
The agreement doubles the existing contract and will see the company extend their current usage of Telelogic's Solutions for Enterprise Lifecycle Management. The contract includes Telelogic DOORS(R) for requirements analysis, definition and management, Telelogic System Architect(R) for enterprise architecture and business process modeling, Telelogic Synergy(TM) for change and configuration management across the enterprise and Telelogic Tau(R) for standards-based Model Driven Development(TM) (MDD(TM)).
"We are delighted that the customer has both extended and expanded the existing agreement," said Anders Lidbeck, President and CEO of Telelogic. "The new contract is further endorsement of Telelogic's ability to understand customer requirements in all industry sectors and deliver the solutions necessary to ensure success."
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 Malmo, 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.
This information was brought to you by Cision http://newsroom.cision.com
Source: Business Wire
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