Business Services Industry
Telelogic Signs Record EUR14.7M Group Agreement
Business Wire, March 6, 2008
STOCKHOLM, Sweden & MALMO, Sweden and IRVINE, Calif. -- Regulatory News:
Telelogic (STO:TLOG) today announced that the European Aeronautic Defense and Space Company (EADS) a global leader in aerospace, defense and related services has signed a corporate five-year license, maintenance and service agreement with a record value for Telelogic of 14.7 MEUR. This agreement includes the 2.5 MEUR agreement press released by Telelogic on December 20, 2007. This is the biggest contract ever signed in Telelogic's history. A large portion of the agreement relates to maintenance revenue.
The new agreement was negotiated within the frame of the EADS corporate initiative PHENIX (Product Lifecycle Management (PLM) Harmonization for ENhanced Integration and eXcellence) and includes and expands all pre-existing contracts between EADS Divisions and Telelogic. Within PHENIX, the company standardizes its requirements definition, analysis and management processes using a backbone solution built upon Telelogic DOORS[R].
"Requirements Management represents one of several key technical areas of focus in PHENIX. EADS not only needed an industry supplier who understands the challenges faced in customer/supplier relationships in the aerospace and defense markets, but also a strategic partner offering a strong and tailored product portfolio" said Jean-Yves Mondon, Head of the PHENIX program. "Telelogic solutions and business approach satisfies both of these needs."
"We are very pleased to have signed this deal with EADS and we appreciate their recognition of our ability to strategically support the PHENIX Program," said Anders Lidbeck, President and CEO of Telelogic. "The agreement further strengthens our relationship with a global leader in the aerospace and defense industry and this is another endorsement of Telelogic's ability to deliver against the business goals of this most demanding market."
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 Malmo, 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. For more information, see www.telelogic.com.
This information was brought to you by Cision http://newsroom.cision.com
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics


