Swedish business software developer Telelogic AB wins new contracts from global customers

Nordic Business Report, March 18, 2008

NORDIC BUSINESS REPORT-18 March 2008-Swedish business software developer Telelogic AB wins new contracts from global customers(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish business software developer Telelogic AB said on Monday (17 March) that it has secured two new licence and maintenance agreements.

Telelogic received a EUR1.1m contract relating to its modelling solutions from a global defence and aerospace group, and a USD3.3m contract relating to its enterprise lifecycle management solutions from a global semiconductor manufacturer.

The latter contract, signed for three years, covers Telelogic's enterprise change and configuration management solution Synergy and the requirements definition, analysis and management DOORS.

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 1.30 euros (EUR). One British pound (GBP) is worth approximately 2.03 US dollars (USD).

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