MALMO, Sweden and PARIS, March 31, 2004 (PRIMEZONE) -- Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a three-year license agreement with a global leader in the financial transaction services industry. The customer will standardize on Telelogic SYNERGY(R) for change and configuration management for development of all system and software embedded within the 1.5 million electronic payment terminals the client company ships worldwide each year.
The three-year license agreement is worth (Eur)550,000 and will provide enhanced change and configuration management capabilities that will standardize tool and methodology processes over the customers multiple development sites. Included are several hundred licenses for the complete SYNERGY distributed suite of products, plus some services.
Telelogic SYNERGY was selected due to its ability to meet the customer need for a change and configuration management solution that would help shorten their time-to-market requirements while simultaneously help them implement consistent processes across their globally distributed development sites.
Telelogic SYNERGY enables the customer to respond to the complex development and immense diversification of different means of payment. Facilitating the continually need to provide complete, cutting-edge solutions that are comprised of hardware, software and services. These solutions must be capable of integration in all of the new secure transaction scenarios including EMV acquisition solutions, secure Internet transactions and B2B electronic commerce, as well as services for retailers utilizing online purchasing and loyalty schemes.
"Telelogic solutions deliver powerful benefits to companies across the entire development lifecycle," said Anders Lidbeck, president and CEO of Telelogic. "We're proud that with SYNERGY in place, distributed development teams can work more effectively together, cope better with changes, communicate more efficiently, and minimize development errors."
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. In 2003, Giga Research stated, "SYNERGY(TM)/CM is one of the most mature products on the market," and in 2002, French analyst firm Yphise wrote, "SYNERGY/CM is the market leader and demonstrated a clear differentiating comparative advantage."
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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