Telelogic (STO:TLOG) announced that it has signed a 776,684 USD agreement with a world leader in semiconductor assembly equipment. The agreement includes license, maintenance and professional service. The company, an existing user of Telelogic Rhapsody(R), the leading Model Driven Development (MDD) environment for embedded and real time systems and software applications, has extended the current usage to incorporate additional divisions.
“Telelogic is very pleased to see not only yet another large global organization extending their usage of Telelogic’s solutions, but also continued success for Rhapsody as part of Telelogic,” said Anders Lidbeck, president and CEO of Telelogic. “This is another industry vote of confidence in our ability to deliver in the most demanding of environments.”
Telelogic is the leading global provider of software solutions for Enterprise Lifecycle Management (ELM). Award-winning Telelogic software helps customers design, develop, and deliver the world’s most advanced and innovative products, systems, and software more efficiently by aligning and optimizing development lifecycles and business processes with business objectives and customer needs. Telelogic helps customers improve quality and predictability while reducing time-to-market and overall costs. Headquartered in Malmö, Sweden with U.S headquarters in Irvine, California, Telelogic conducts business in more than 40 countries. More than one third of the Fortune Global 500 companies use Telelogic software including marketing-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide.