MALMO, Sweden, July 7, 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 contract worth 735,000 with a major European bookmaking organization for Telelogic's change and configuration management solution SYNERGY. The contract includes licensing fees and three year maintenance to a value of 515,000 and professional services to a value of 220,000.
The customer has evaluated its current development process for its on-line bookmaking system and made a decision to make its first investment in SYNERGY. Telelogic SYNERGY was chosen, in competition with other change and configuration management tools, for its advanced functionality and proven success in the configuration/change management area.
"It is great to see that yet another large organization has chosen Telelogic. It demonstrates confidence in Telelogic's approach and the value we offer our customers," said Anders Lidbeck, President and CEO for Telelogic. "The customer made a thorough evaluation and Telelogic came out as the winner. We are very pleased to be helping the customer meet their development objectives in a market environment where development cost and product reliability are critical."
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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