Global Financial Company Invests 1.2 M USD in Telelogic’s Lifecycle Management Solution

One of the world’s largest diversified financial services companies selects Telelogic tools for application lifecycle management (ALM).

MALMÖ, Sweden and Irvine, California – October 3, 2005 – Telelogic (Stockholm Exchange: TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, today announced that it has signed a licensing and maintenance agreement with a one of the world’s largest diversified financial services companies. In total, the agreement is worth 1.2 million USD. The agreement will ultimately see Telelogic’s application lifecycle solution deployed to over a thousand analysts, managers and software developers. The customer selected TelelogicDOORS® and DOORS/AnalystTM for requirements management, modelling and analysis, Telelogic SYNERGYTM/CM and SYNERGYTM/Change for change and distributed configuration management, and Telelogic DocExpress® for automated reporting and documentation services. The customer’s goal is to establish a standard, automated and repeatable workflow process that will result in obtaining a higher CMMI (Capability Maturity Model®) level and full Sarbanes-Oxley compliance. “Telelogic continues to experience substantial growth within the financial market sector. The company’s selection of Telelogic’s ALM solution to deliver their long term software development goals is further endorsement of both our strategy and products”. said Anders Lidbeck, President and CEO of Telelogic.

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Telelogic 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 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.


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