Telelogic signs major license and services agreement for total product offering
Telelogic signs major license and services agreement for total product offering MALMÖ, Sweden - October 2, 2002 - Telelogic, (Stockholm Exchange: TLOG), the leading global provider of solutions for advanced systems and software development, today announced that it has signed a major agreement with a Government customer within its operations in EMEA (Europe, Middle East and Africa) covering licenses for all of Telelogic's development tools and accompanying services. In total the agreement is worth 1.34 MUSD with approximately 700 kUSD for licenses and maintenance and the remaining 640 kUSD in consultancy and training over a 2-year period. The customer will use Telelogic's entire portfolio of development tools to develop and maintain command & control systems as well as advanced logistics systems for air surveillance operations. Telelogic's position as one of the few solutions providers for the entire software development lifecycle was a major reason for the customer choosing Telelogic as a partner. The customer signed the agreement on September 30. "The increasing complexity of advanced systems and software development calls for tool support to automate large parts of the development process. With Telelogic's integrated tools the customer will be able to increase productivity and reduce development time and costs considerably," said Anders Lidbeck, President and CEO for Telelogic. "By standardizing on Telelogic's entire product range the customer will also receive a more transparent and structured development process, which will help the customer increase knowledge transfer to all project members and speed up introduction of new members." About Telelogic Founded in 1983, Telelogic® is the leading global provider of solutions for advanced systems and software development. The company's integrated best-in-class software tools, supported by professional services, enable companies to automate their entire development lifecycle, resulting in improved quality and predictability with reduced time-to-market and 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 3GPP, ETSI, INCOSE, ITU-T, MOST, OMG and others. Headquartered in Malmö, Sweden with U.S. headquarters in Irvine, California, Telelogic has more than 900 employees worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens and Thales. For more information, please visit www.telelogic.com Telelogic, Telelogic DOORS, Telelogic Tau and Telelogic DocExpress are the registered trademarks of Telelogic. Telelogic Synergy and ActiveCM are trademarks of Telelogic. All other trademarks are the properties of respective holders. Contacts: Catharina Sundelin Fredrik Sjöholm Vice President Corporate Director Investor Relations Communications Phone: +46 40 17 47 30 Phone: +46 40 650 65 22 E-mail: E-mail: catharina.sundelin@telelogic.com fredrik.sjoholm@telelogic.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00240/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/02/20021002BIT00240/wkr0002.pdf