Telelogic Signs 920,000 USD Agreement with Asia Pacific Based Defense Manufacturer
MALMÖ, Sweden and IRVINE, California – January 2, 2008 – Telelogic (Nordic Exchange/MidCap/TLOG) today announced that an Asia Pacific based global defense manufacturer has signed a five year license and maintenance agreement for core components of Telelogic’s Solution for Enterprise Lifecycle Management (ELM), with a value of 920,000 USD.
The agreement doubles the existing contract and will see the company extend and standardize their requirements definition, analysis and management process across all development departments with Telelogic DOORS®, with increased investment in Telelogic Change™ for enterprise change management of their formal requirements process. The contract also includes further investment in Telelogic Systems Architect® to deliver the MoDAF and DODAF enterprise architecture modeling capabilities demanded by the defense industry.
“Telelogic has worked closely with this customer to build upon and expand the existing successful DOORS implementation," said Anders Lidbeck, President and CEO of Telelogic. “The agreement is another significant endorsement of Telelogic’s ability to deliver the solutions required by companies that are at the cutting edge of innovation”.