Telelogic signs major license agreement for total product offering

Telelogic signs major license agreement for total product offering MALMÖ, Sweden - December 21, 2001 - Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced software and systems development, today announced that it has signed an agreement with a leading global defense contractor for its Australian operations. The contract is valued at a minimum of US$ 1.2 million, over a six-year period. In addition to this agreement, the customer is reviewing additional services, such as training and the adaptation of the tools for its own specific development environment. Earlier this year, the customer invested in Telelogic DOORS, the leading tool for requirements management. With today's agreement the customer will start implement Telelogic's other products to improve the development process of advanced software and systems. The contract includes licenses and maintenance for Telelogic CM Synergy and ChangeSynergy, Telelogic Tau UML Suite, SDL Suite, TTCN Suite and Logiscope. "This multi-year contract is very positive for our Australian operations. This business is also a further development of our relationship with this customer, with whom we also work in other countries. It is of course good for Telelogic in general. It is also another confirmation of the value in the solution Telelogic today offers in form of tools covering the total development environment. Our customers are experiencing increased pressure on development costs and are at the same time forced to handle increasing complexity in the software and systems. More customers thereby realize the value of using an integrated development environment from one supplier, said Anders Lidbeck, President and CEO for Telelogic. About Telelogic Founded in 1983, Telelogic® (www.telelogic.com) is the leading global provider of solutions for advanced software and systems 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 software and systems 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. Headquartered in Malmö, 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, Telelogic Tau and Telelogic Synergy are the registered trademarks of Telelogic AB. All other trademarks are the properties of respective holders. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/12/21/20011221BIT01230/bit0002.doc http://www.waymaker.net/bitonline/2001/12/21/20011221BIT01230/bit0002.pdf

About Us

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.

Subscribe