Telelogic signs record 14.7 MEUR agreement with EADS Group

BANGALORE, INDIA: Telelogic, a leading global provider of software solutions for Enterprise Lifecycle Management (ELM), announced that the European Aeronautic Defense and Space Company (EADS), a global leader in aerospace, defense and related services, has signed a corporate five-year license, maintenance and service agreement with a record value for Telelogic of 14.7 MEUR. This is the biggest contract ever signed in Telelogic´s history. A large portion of the agreement relates to maintenance revenue.

The new agreement was negotiated within the frame of the EADS corporate initiative PHENIX (Product Lifecycle Management (PLM) Harmonization for ENhanced Integration and eXcellence) and includes and expands all pre-existing contracts between EADS Divisions and Telelogic. Within PHENIX, the company standardizes its requirements definition, analysis and management processes using a backbone solution built upon Telelogic DOORS.

"We are very pleased to have signed this deal with EADS and we appreciate their recognition of our ability to strategically support the PHENIX Program," said Sidharth Malik, MD, India of Telelogic. "The agreement further strengthens our relationship with a global leader in the aerospace and defense industry and this is another endorsement of Telelogic´s ability to deliver against the business goals of this most demanding market."