CIMdata PLM Industry Summary Online Archive
March 17, 2008
Implementation Investments
Telelogic Signs 1.1 MEUR Agreement with Leading Aerospace and Defense Company
Telelogic today announced that a global leader in aerospace, defense and related services has signed a license and maintenance agreement for Telelogic’s modeling solutions with a value of 1.1 MEUR.
With the market leading capabilities and industry proven record the company selected Telelogic’s modeling solutions and will deploy them across key development departments within their organization.
“We are delighted that yet another giant within the aerospace and defense community has selected Telelogic’s market leading modeling solutions,” said Anders Lidbeck, President and CEO of Telelogic. “The agreement further evidences Telelogic as the solution provider of choice in the aerospace and 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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