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Telelogic Signs 760,000 USD Contract With Leading North American Defense/Aerospace Company

Posted on: Monday, 3 July 2006, 06:00 CDT

Telelogic, (STO:TLOG) the leading provider of software solutions that align advanced systems and software development with business objectives, today announced that it has signed a 760,000 USD agreement with a global leading North American producer of helicopters for the commercial and military markets. Of the deal value 560,000 USD is related to license and maintenance and 200,000 USD to services. The contract was signed June 30.

Telelogic Rhapsody the leading UML, SysML, DoDAF-based Model-Driven Development (MDD) environment for embedded systems was chosen through an extensive proof of concept process to validate its high performance functionality and ease of use in a large complex environment versus competitive products. The implementation will replace existing competitive solutions.

"Telelogic is very pleased to see not only yet another large global organization replacing competitor's software with Telelogic's solutions, but also continued success for Rhapsody as part of the Telelogic Group," said Anders Lidbeck, president and CEO of Telelogic. "This is another industry vote of confidence in our ability to deliver in the most demanding of environments."

About Telelogic

Telelogic(R) is a leading global provider of solutions for automating and supporting best practices across the enterprise - from powerful modeling of business processes and enterprise architectures to requirements-driven development of advanced systems and software. Telelogic's solutions enable organizations to align product, systems, and software development lifecycles with business objectives and customer needs to dramatically improve quality and predictability, while significantly reducing time-to-market and overall costs.

To better enable our customers' drive towards an automated lifecycle process, Telelogic supports an open architecture and the use of standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of enterprise architecture, application lifecycle management, and customer needs management by participating in industry organizations such as INCOSE, OMG, The Open Group, Eclipse, ETSI, ITU-T, the TeleManagement Forum, and AUTOSAR.

Headquartered in Malmo, Sweden, with U.S. headquarters in Irvine, California, Telelogic has operations in 20 countries worldwide. Customers include Airbus, Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Electric, General Motors, Lockheed Martin, Motorola, NEC, Philips, Samsung, Siemens, Sprint, Thales, and Vodafone.

For more information, please visit www.telelogic.com

This information was brought to you by Waymaker http://www.waymaker.net

Source: Business Wire

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