International Financial Services Organization Invests 688,000 Euro with Telelogic
MALMÖ, Sweden and IRVINE, California – January 2, 2008 – Telelogic (Nordic Exchange/MidCap/TLOG) today announced that an international financial services organization has signed a license and maintenance agreement for core components of Telelogic’s solutions for Enterprise Lifecycle Management (ELM), to a value of 688,000 Euro. The agreement was signed in December 2007.
The new agreement sees the company standardize their requirements definition, analysis and management processes with Telelogic DOORS®, automated reporting and documentation generation with DocExpress® and business process and enterprise architecture modeling with System Architect®. The company has also purchased System Architect for SOA.
“This order following an extensive and competitive evaluation shows the confidence financial institutions have in Telelogic’s ability to deliver a superior solution that meets their demanding requirements”, said Anders Lidbeck, President and CEO of Telelogic. “Telelogic’s solutions for ELM help customers improve quality and productivity while significantly reducing costs, which is a major challenge for all markets today.”