Telelogic signs $1.5 Million License Deal with Leading US Manufacturer of Transportation Products
Telelogic signs $1.5 Million License Deal with Leading US Manufacturer of Transportation Products - Customer standardize on Telelogic DOORS as their Enterprise Requirement Management Solution - Malmö, SWEDEN - July 1, 2004 - Telelogic (Stockholm Exchange:TLOG), the leading global provider of solutions for advanced software and systems development, today announced a five year license agreement with a leading US manufacturer of transportation products, to standardize on Telelogic DOORS as their Enterprise Requirements Management solution. The contract worth $1.5 Million, which was signed on June 30, includes licenses and maintenance over a five year period. The customer has made a strategic decision to roll out DOORS as a global Customer Needs Management Solution. This will help the customer to improve internal processes, collaboration and coordination to get their products to market faster with fewer defects and less cost. Telelogic was chosen because of its market leadership, innovative solution oriented approach as well as present and future planned functionality. "In many industries, customers have seen an increasing need for tools that keep track of requirements, enable the reuse of existing components and ensure that both deadlines and quality milestones are met throughout the development process," said Anders Lidbeck, president and CEO of Telelogic. "DOORS provides a requirements-driven solution to meet those needs and in combination with its market leading position, it's simply the best requirements management tool on the market." About Telelogic Founded in 1983, Telelogic® is a leading global provider of solutions for advanced systems and software development. Telelogic's intuitive, best-in-class software tools automate and support best practices throughout the application development lifecycle, leaving development teams free to concentrate on core competencies and apply their skills and energy to value-added tasks. By optimizing each phase of development, Telelogic enables companies to deliver higher quality systems and software with greater predictability, reduced time-to-market and lower overall costs. To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations like ETSI, INCOSE, ITU-T, OMG and others. Headquartered in Malmö, Sweden with U.S. headquarters in Irvine, California, Telelogic has operations in 17 countries worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens, Thales and Vodafone. For more information, please visit www.telelogic.com Contacts: Catharina Paulcén VP Corporate Communications Phone: +46 40 174730 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/07/01/20040701BIT21440/wkr0001.pdf