MALMO, Sweden, March 4, 2002 (PRIMEZONE) -- Telelogic (Stockholm Exchange: TLOG.), the leading global provider of solutions for advanced systems and software development, today announced that it will book more than US$800,000 in revenues from two separately awarded contracts in the United States.
A supporting technology services group for a leading U.S. Government financial organization has selected Telelogic CM Synergy(tm), the industry's leading automated change and configuration management solution, as part of an initial contract totaling US$480,000. In a second phase there is an option for add-on sales of Telelogic CM Synergy DCM(tm) (Distributed Change Management) and a number of other add-on products.
In a separate transaction, a major U.S. defense contractor will add additional licenses of Telelogic's DOORS(r) software for requirements management, as part of a contract valued at US$342,125.
"These significant wins further validate our technology leadership in delivering best-of-class, open solutions across the entire application development lifecycle," said Anders Lidbeck, President and CEO for Telelogic. "We continue to win based on our proven ability to help customers better manage large-scale, distributed development projects faster and more efficiently than ever before."
About Telelogic CM Synergy
Telelogic Synergy is an integrated tool family for change and configuration management, which provides lifecycle control for a company's software development assets. This enables superior quality advanced software and systems to be developed faster and at reduced cost. DCM is an optional component that extends Telelogic CM Synergy to the distributed enterprise, enabling teams in separate locations to efficiently collaborate and communicate as they work on common software components.
About Telelogic DOORS
Telelogic DOORS, the world's leading requirements management tool, is a multi-platform, enterprisewide system designed to capture, link, trace, analyze and manage information to ensure a project's compliance to specified requirements and standards.
About Telelogic
Founded in 1983, Telelogic(r) (www.telelogic.com) is the leading global provider of solutions for advanced systems and software development. The company's automated application lifecycle solution includes integrated best-in-class software and professional services for requirements management, change and configuration management, development, testing, and documentation. Telelogic enables organizations to improve quality and predictability, while reducing time-to-market and overall costs in systems and software development. Built on an open architecture that ensures interoperability with other leading third-party solutions, Telelogic's products are based on international standardized languages and notations. Telelogic participates in 3GPP, Bluetooth SIG and OMG to create future communication technologies and visual software development languages.
With headquarters in Malmo, Sweden, the company has more than 1,000 employees worldwide. Customers include Airbus, Alcatel, BMW, Boeing, BT, DaimlerChrysler, Deutsche Bank, Ericsson, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Philips and Siemens.
Telelogic, Telelogic DOORS, and Telelogic Tau are the registered trademarks of Telelogic AB. Telelogic Synergy is a trademark of Telelogic AB. All other trademarks are the properties of respective holders.
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