MALMO, Sweden, May 26, 2005 (PRIMEZONE) -- Telelogic, (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a 2.25 MUSD license and maintenance agreement with a leading U.S. provider of aviation electronics.
The four year agreement includes licenses for Telelogic's requirements management solution Telelogic DOORS(r). The organization has already adopted DOORS as the company standard for requirements management. The new agreement also includes a number of licenses for the recently acquired product Focal Point, a product for requirements analysis (1).
"The customer was facing the challenge of handling the requirements from multiple demanding aerospace customers. Based on Telelogic's previous success with DOORS, the customer chose to continue with a proven concept," says Anders Lidbeck, President and CEO of Telelogic. "The decision to introduce Focal Point to the organization is very pleasing. It's a product with a strong position in the Nordic region that has great potential of becoming the world leader in requirements analysis, just as DOORS is the world leader in requirements management. These two products provide the perfect match for any customer engaged in advanced software and systems development."
1) The acquisition of Focal Point has not yet been finalized due to an ongoing tender offer. Telelogic has communicated, based on the number of shareholders having accepted the deal, that the offer will be completed. Meanwhile, Telelogic has the right to sell Focal Point via its global sales and marketing organization.
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 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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