Telelogic Signs 630,000 EUR Contract Extension Agreement with Global Security Company

Report this content

MALMÖ, Sweden and IRVINE, California – 1 August 2007 – Telelogic (Nordic Exchange/MidCap/TLOG), today announced that it has signed a contract extension agreement worth 630,000 EUR for license, maintenance and services with a global security company.

The company having selected Telelogic as preferred vendor of software solutions, gained significant development, quality, productivity and business stability improvements through the existing agreement and will extend it to run for a further four years with additional licenses of Telelogic Tau®, Telelogic SDL Suite™ and Telelogic DOORS®

“World leading security companies need to adhere to the highest safety and reliability standards while complexity and productivity needs get even greater. Telelogic has once again been selected as the only company capable of delivering against these demanding requirements”. said Anders Lidbeck, president and CEO of Telelogic. “The customer decision to extend the contract and increase their adoption of Telelogic’s solutions is further endorsement of our business and technology leadership”

Documents & Links