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IDC names Telelogic “most dynamic MDD vendor”

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CIOL Bureau
New Update

BANGALORE: Telelogic, a Sweden-based software solutions provider, today said in a press statement that it has been named “the most dynamic model driven development (MDD) vendor in the first half of 2005” by market intelligence firm IDC.

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According to IDC Insight, IDC analysts view Telelogic's recent acquisition of Popkin Software as “an important step in increasing the stature of Telelogic as one of the leading MDD vendors.”

Anders Lidbeck, president and CEO of Telelogic said, “The addition of Popkin's System Architect enhances the value and powerful capabilities of Telelogic's lifecycle management tools because it bridges the gap between advanced software and systems development and the general IT marketplace, strengthening our position in that segment.”

IDC based its evaluation of Telelogic's acquisition of Popkin Software on how well the synergy and value of the two companies' blended MDD solutions relate to the size and growth of the MDD market and the demand of end-users for process modeling tools. Analysts also considered how the acquisition affected Telelogic's competitive position in addressing the needs of the general IT market.

“IDC estimates that the model driven development market will grow at a compounded annual rate of 9.6 percent from $513 million to $812 million by 2009,”said Stephen Hendrick, IDC. “With the acquisition of Popkin Software and its MDD products, Telelogic is positioned to capture a larger share of the market as it enhances its capabilities in the advanced system and software development market.”

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