Telelogic Signs 580,000 USD Agreement with World Leading Automotive Manufacturer MALMO, Sweden and Irvine, California - March 27, 2007 - Telelogic (Nordic Exchange/MidCap/TLOG) today announced an agreement with a leading automotive manufacturer worth 580,000 USD. The agreement includes licenses and maintenance for Telelogic DOORS® for requirements management, analysis and definition. The customer has standardized on DOORS as part of their global process improvement initiative. Selecting Telelogic as the only provider capable of delivering against their rigorous criteria including requirements for bi-directional traceability and reuse. “The customer wants to improve quality and the time to market for their important new vehicles over the next five years period”. said Anders Lidbeck, President and CEO of Telelogic. ”Through Telelogic's industry leadership and best in class solution we were able to seal the deal”. About Telelogic Telelogic is the leading global provider of software solutions for Enterprise Lifecycle Management (ELM). Award-winning Telelogic software helps customers design, develop, and deliver the world's most advanced and innovative products, systems, and software more efficiently by aligning and optimizing development lifecycles and business processes with business objectives and customer needs. Telelogic helps customers improve quality and predictability while reducing time-to-market and overall costs. Headquartered in Malmö, Sweden with U.S headquarters in Irvine, California, Telelogic conducts business in more than 40 countries. Customers include marketing-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide. For more information, see www.telelogic.com. Corporate Communications Contact: Catharina Paulcén, EVP Corporate Communications +46 (40) 17 47 30
Telelogic Signs 580,000 USD Agreement with World Leading Automotive Manufacturer
| Source: Telelogic AB