European Market Leading Financial Company Invests 780,000 EUR in Telelogic’s Complete Solution
Telelogic DOORS®, Telelogic SYNERGY™ and Telelogic TAU Generation 2® selected for application lifecycle management (ALM)
MALMÖ, Sweden – February 11, 2005 – Telelogic, (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, announced a licensing and maintenance agreement with a leading European customer care and billing service provider. In total, the agreement is worth 780,000 EUR over a two year period. The customer has an option to cancel future deliveries for the second year. The two-year contract will ultimately see Telelogic’s application lifecycle solution deployed to developers delivering customer critical solution to the banking, insurance and finance market. The customer will deploy, Telelogic DOORS® for requirements management, Telelogic TAU® Generation2 for UML modelling and Telelogic SYNERGY for change and configuration management. “This order show the confidence service providers have in Telelogic’s ability to deliver a superior solution that meets the demanding requirements of today’s finance industry.” said Anders Lidbeck, President and CEO of Telelogic. “Telelogic’s requirements-driven approach, together with our complete application lifecycle management solution help the customer to improve quality while significantly reducing cost, which is a major challenges for all markets today.”