Business Services Industry

Sweden's Telelogic AB signs 3-year licence and maintenance agreement with global transportation company

Nordic Business Report, Oct 10, 2007

Swedish enterprise life-cycle management solutions provider Telelogic AB said on Wednesday (10 October) that it has signed a three-year licence and maintenance agreement with an unnamed global transportation company.

The agreement, valued at EUR0.8m, means that the customer standardises its portfolio management processes with Telelogic's Focal Point solution.

"Another global leader has selected Telelogic as the only vendor capable of delivering the solutions necessary to meet the requirements of modern business," commented Anders Lidbeck, president and CEO of Telelogic.

"The decision to standardise on Telelogic Focal Point further cements our position as the solution provider of choice in highly competitive time sensitive industries," Lidbeck added.

Telelogic, headquartered in Malmo, Sweden, develops software solutions for optimising development life cycles and business processes. The company's products are used by leading aero/defence, automotive, financial services, software/electronic and telecomms companies, and governments worldwide. Telelogic is listed on the OMX Nordic Exchange in Stockholm.

One British pound (GBP) is worth approximately 1.45 euros (EUR).

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