Telelogic Signs 1.1 MUSD contract with Major Aerospace/Defense Subcontractor
MALMÖ, Sweden and IRVINE, California – March 31, 2006 – Telelogic, (Stockholm Exchange: TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, today announced it has signed a three year 1.1 MUSD license and maintenance agreement with a US based aerospace/defense subcontractor. The customer has standardized on Telelogic DOORS® for requirements management which will be utilized to ensure projects are completed on time, within budget, and with all features and functionality originally specified. As part of the agreement, the customer will be implementing other Telelogic applications within Telelogic’s Enterprise Lifecycle Management offering. These include Telelogic TAU® for Systems and Software Modeling, Telelogic SYSTEM ARCHITECT® for enterprise architecture, Telelogic FOCAL POINT™ for requirements analysis and Telelogic SYNERGY™ for configuration and change management. “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 requirements driven solution in place, distributed development teams can work more effectively together, deadlines are met and errors are minimized.”