Thales Signs Contract with Telelogic

Telelogic (STO:TLOG) announced that it has signed a 4 year strategic, 10 million Euro agreement with Thales for the provision of licenses and maintenance. The agreement with Thales globally includes new license and maintenance on their existing investment for; Telelogic DOORS(R) for requirements definition, analysis and management, Telelogic Rhapsody(R) for Model Driven Development of Embedded Systems and System Architect for enterprise architecture and business process modeling. Included in the deal is the maintenance extension for Telelogic Logiscope for static code quality analysis.

The agreement enables Thales to efficiently roll out Telelogic’s powerful solution for enterprise lifecycle management globally and across wide range of projects in the context of the new Thales Systems and Software Engineering Workbench: Orchestra.

“Telelogic has worked closely with Thales to understand their development and business needs. It is due to this successful relationship and our leading solutions that Thales took the decision to extend and expand their existing agreement with Telelogic,” said Anders Lidbeck, President and CEO of Telelogic. “The agreement further strengthens our relationship with a global giant in the aerospace and defense industry and is another endorsement of Telelogic’s ability to deliver against the requirements of this most demanding market.”

Dominique VERNAY, VP Research and Technologies of THALES, said: “Innovation and technical leadership are key differentiators in all our markets, Defense, Aerospace and Security. THALES has established an innovation eco-system, including academic laboratories, universities and industrials, where high-tech SMEs play a key role both as research partners and as technology providers. The agreement between THALES and Telelogic exemplifies this strategy. It will ensure sustained R&D collaboration in the area of engineering technologies through the integration of COTS products in the Thales engineering workbench and the dissemination in the larger market of the TREK add on to DOORS, a technology initially developed by THALES.”

About Thales
With operations in 50 countries and 68,000 employees, Thales is a world leader in Mission-critical information systems for the Aerospace, Defense and Security markets. Building on proven capabilities in large and complex software systems, Thales steps up to the security challenges of its customers in an increasingly interconnected, technology-driven world. Civil and military systems benefit from many of the same technologies and innovations. Developing these dual technologies has been a long tradition for Thales, with its global network of 22,000 high-level researchers. Leveraging a global presence and spanning the entire value chain, from prime contracting to equipment, Thales plays a pivotal role in making the world a safer place.

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 marketing-leading aero/defense, automotive, financial services, software/electronic and telecommunications companies and governments worldwide.