North American Defense and Technology Company Invests 608,000 USD in Telelogic's Solutions for Enterprise Lifecycle Management

MALMÖ, Sweden and IRVINE, California – 02 July 2007 – Telelogic (Nordic Exchange/MidCap/TLOG), today announced that it has signed a four year 608,000 USD license and maintenance agreement with a North American Defense and Technology Company.

The agreement will see the company use Telelogic’s solutions for Enterprise Lifecycle Management (ELM), a solution covering the development process from requirements management, analysis and definition through to delivery of final product.
“Telelogic continues to strengthen its position in the defense and aerospace industry and today’s announcement further confirms our leading position in this market”, said Anders Lidbeck president and CEO of Telelogic. “With Telelogic’s solution for ELM in place, distributed development teams can work more effectively together, deadlines are met, errors are minimized and governance in the most demanding of industries is achieved”.