Telelogic signs its largest deal ever worth 5.12 MEUR
MALMÖ, Sweden and IRVINE, California – Feb 22, 2007 – Telelogic (Nordic Exchange/Midcap/TLOG) has today signed a three year agreement with a Government Ministry within the market division EMEA (Europe, Middle East and Africa) worth 5.12 MEUR. The agreement includes licenses, maintenance and services for Telelogic’s solutions for Enterprise Lifecycle Management. Half of the deal value is related to services and half of the value to license and maintenance.
The customer is already a term based license user of Telelogic’s solutions and has today renewed for a further three year period, extending their usage to include all products for Enterprise Lifecycle Management. The customer selected Telelogic as the only provider able to ensure they meet the challenges of modern governance, enabling them to meet the goal of achieving the highest level of CMMi.
"This is Telelogic’s largest deal ever,” said Anders Lidbeck, President and CEO of Telelogic. “We are pleased to get a renewed contract with this customer and we are looking forward to a long term relationship where the customer will continue to increase quality while reducing time-to-market in its projects.”