MALMO, Sweden, July 25,2003 (PRIMEZONE)-- Telelogic (OtherOTC:TGIAF)(Stockholm:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a three year deal worth Euro2.4 Million with a leading European aerospace company. Under the agreement, the customer will deploy Telelogic DOORS, the industry's leading requirements management tool, when designing the customer's latest aircraft model. A majority of the deal value is licenses and maintenance. The agreement also includes professional services.
"We are pleased that another leading company in its field has seen the value and benefits that DOORS can deliver as part of a requirements- driven development process," said Anders Lidbeck, president and CEO of Telelogic. "Many of our customers are gradually investing in more than one of Telelogic's products and this is a typical example of a long-term relationship where the customer decides to expand its usage."
The decision to deploy Telelogic DOORS was made after a proof of concept during a two month pilot project on a European level. The long-term objective is to standardize on DOORS in the entire organization and replace a competitive tool used by the customer today. The customer is already using Telelogic TAU for its software development.
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 offices in 17 countries 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.
Telelogic, Telelogic DOORS, Telelogic DocExpress, and Telelogic Tau are the registered trademarks of Telelogic. Telelogic Tau Architect, Developer, Tester, Synergy and Active CM are trademarks of Telelogic. All other trademarks are the properties of respective holders.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/07/25/20030725BIT00050/wkr0001.doc http://www.waymaker.net/bitonline/2003/07/25/20030725BIT00050/wkr0002.pdf