Ingenico aims to get to market quicker with Telelogic

Ingenico aims to get to market quicker with Telelogic - Over 300 hours of individual developers' time saved per year, ROI in first year - MALMÖ, Sweden - January 16, 2002 - Telelogic (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced software and systems development, today announced that Ingenico Fortronic Ltd has chosen change management software from Telelogic to co-ordinate the efforts of their European development engineers. In a deal worth US$ 360,000 (£250,000), Ingenico will deploy Telelogic Synergy, the company's change and configuration management solution across the Ingenico Group. Initial return on investment calculations reveal that the software will save them over 300 hours of developers' time and US$ 435,000 (£300,000) per year, bringing its products to market faster than previously possible. Ingenico is the world's leading provider of chip card reading point of sale (POS) terminals with over 5 million sold across 70 countries. Numerous teams of software developers based in Barcelona, Paris and Fife, continually update existing products, as well as work on the development of new products. Ingenico needed to reduce the time spent on managing the configuration of software projects as they progressed through development. It also needed to allow the teams of developers at different sites to access consistent data. Ian Brettell, Quality and Process Improvement Manager at Ingenico said: "Our developers are spending a lot of time tracing changes to understand the impact they would have on systems. They were spending upwards of 60 hours a month on necessary but often time consuming tasks for configuration management. With Telelogic Synergy, we aim to reduce this by about 30 hours. This should dramatically reduce development time without compromising quality. We aim to achieve this through automation, better communication and improved processes. We expect the tool to pay for itself within the first year, saving over US$ 435,000 (£300,000)." Chris Rolison, Director of Commercial Division, at Telelogic UK, said: "Time to market is a critical element of any product development, but a balance has to be struck between speed and quality. Telelogic Synergy was designed to ensure that companies could deliver products to market as fast as possible while maintaining the highest quality controls. An additional key advantage of products such as Synergy is the way in which the user can document and retain intellectual property of the code developed. Not only will Ingenico Fortronic see an early return on investment, but they will continue to reap the benefits of the system for many years to come." The Telelogic solution was chosen after an extensive competitive review due to a combination of technical ability and the product's overall value proposition. The transaction is part of an agreed package that will also enable Ingenico to participate in beta testing of Telelogic's next generation products. About Groupe Ingenico The Ingenico group is the number one supplier of secure transaction systems in the world. It designs and produces terminals and systems for electronic trade, and their associated software. It has invested heavily in R&D to achieve technological advances in both hardware and software, which have greatly contributed to standard setting in the trade. Ingenico adapted quickly to other markets evolving in very different environments. Today, the group is mobilising its know-how to diversify into emerging markets such as all forms of electronic & mobile commerce. Ingenico's growth is accelerated by a policy of making acquisitions and strategic alliances that has provided it with a strong presence on the five continents. The company is now 1500 persons strong and is diversifying into emerging applications, focusing mainly on "B2B" and "B2C" (business-to-business and business-to-customer) e-commerce and on Internet services. In 2001, group turnover is expected to reach 320 million Euros, which would represent growth of 36 % compared with 2000. Having sold more than 5 million terminals to date in 70 countries, Ingenico group is the first leading manufacturer of terminals. 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. For more information please refer to: www.telelogic.com or the below contacts: Europe/Asia Americas Fredrik Sjöholm, Investor Relations Michael E. Donner, Vice President Marketing Telelogic AB Telelogic Americas Phone: +46 40 650 65 22 Phone: +1 (949) 885 2496 E-mail: fredrik.sjoholm@telelogic.com E-mail: michael.donner@telelogic.com 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/2002/01/16/20020116BIT00510/bit0002.doc http://www.waymaker.net/bitonline/2002/01/16/20020116BIT00510/bit0002.pdf