Aerospace Defense Manufacturer Signs 1.35M EUR Agreement with Telelogic
Telelogic (STO:TLOG) (Nordic Exchange/MidCap/TLOG) announced 1.35 MEUR license, license upgrade and maintenance contract with a global leader in the manufacture of aerospace and defense equipment. The agreement covers Telelogic Statemate(R) for graphical design, simulation and prototyping of rapid development in complex embedded systems and will see the company extend their existing implementation with additional licenses whilst moving to a floating license model across all development sites. All licenses are covered with a two year maintenance agreement.
"Based on our solutions and expertise another global leader has chosen to expand and extend their commitment with Telelogic," said Anders Lidbeck, President and CEO of Telelogic. "The agreement further underlines Telelogic's position as the solution provider of choice for the aerospace defense industry."
About Telelogic
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 market-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide.
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