World Leading Supplier of Entertainment and Communications Systems Invests 2.2 M USD in Telelogic’s ELM Solution
Telelogic’s application software selected to improve communication, collaboration and verification throughout the product and application development lifecycle (Enterprise Lifecycle Management Solution).
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 $2.2M licensing, maintenance and professional services agreement with one of the world’s leading developers of Entertainment and Communications Systems. Under the agreement, the customer will invest in Telelogic’s leading software applications including DOORS® for Requirements Management, System Architect® for Enterprise Architecture, Focal Point for Requirements Analysis, SYNERGY Change for Requirements Change Management and SYNERGY/CM for Software Change and Configuration management. Telelogic will also provide consulting, training and on-going support to enable quick adoption and deployment of the applications. The customer’s goal is to ensure that the development of new products is delivered on time, on budget and with the right functionality. The result of this will be improved revenue, customer satisfaction and a reduction in costs. “We are extremely pleased to have been selected after an exhaustive evaluation by this customer. Telelogic continues to demonstrate that our solutions for improving both the product development lifecycle and the application development lifecycle will deliver superior results” said Scott Raskin, Chief Operating Officer of Telelogic.