Telelogic Signs 938,000 EUR Agreement with Leading Aerospace/Defense Manufacturer
-Leading aerospace/defense manufacturers to give systems and software engineers complete access to Telelogic DOORS® through upgrade and extension of existing agreement.-
MALMÖ, Sweden - February 9, 2006 - 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 four year, 938,000 EUR multi-site upgrade license and maintenance agreement with a leading aerospace/defense manufacturer, headquartered in Europe. The four year deal will see approximately 450 engineers over multiple locations gain access to Telelogic’s requirements management solution Telelogic DOORS. Already using Telelogic DOORS in single site locations, the company recognized the capabilities within the solution that ensured their projects are completed on time, within budget, and with all features and functionality originally specified. Therefore, the company will now roll out Telelogic DOORS across all the companies’ locations in central Europe. “Telelogic is very pleased to have received this vote of confidence in our market leading requirements management solution” said Anders Lidbeck, President and CEO of Telelogic. “The customer’s decision to work with Telelogic to continually improve their development and business processes is a vindication of our strong market position."