CIMdata PLM Industry Summary Online Archive
12 October 2007
Implementation Investments
Telelogic Signs 3.2 Million USD Agreement with Leading Asia Pacific Aerospace Defense Manufacturer
Telelogic announced that it has signed a 5-year, 3.2 million USD license and maintenance agreement with an Asia Pacific aerospace defense manufacturer.
The agreement extends the existing contract and will see the company's Australian division deploy all components of Telelogic's Solution for Enterprise Lifecycle Management (ELM) across their business and development projects.
"Understanding the strategic needs of the customer and being able to deliver against them is crucial for any vendor," said Anders Lidbeck, President and CEO of Telelogic. "With the 5-year agreement and the customer commitment to Telelogic's solution for ELM demonstrates that we are uniquely placed to meet this requirement. Today's announcement is further confirmation of our leading position for development and business within the aerospace and defense industry."
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