MALMO, Sweden and IRVINE, Calif., Feb. 5, 2003 (PRIMEZONE) --
Leadership Position Maintained for Sixth Year on Robust Maintenance
Revenue and Strong Presence in Markets Beyond Software
Telelogic (Stockholm:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced systems and software development, today announced that Telelogic DOORS(R), the company's state-of-the-art requirements management tool, has been named market share leader by influential industry analyst firm, The Standish Group. According to the report, "What Are Your Requirements? 2003," DOORS has a 32 percent share of the requirements management market, based on license, maintenance and training revenue.
The Standish Group defines requirements management as the process of identifying, documenting, communicating, tracking and managing project requirements as well as changes to those requirements. The firm also believes that requirements management is not a point in time occurrence, but must be ongoing and stay in lockstep with the development process, especially iterative rapid development.
"Telelogic, with their DOORS product, continues to hold a leadership position at this time which can be directly attributed to two things: continued maintenance revenues which greatly exceed the industry average and a strong presence in markets beyond the software industry," said Karen Larkowski, Executive Vice President of The Standish Group, "Telelogic has a very impressive customer list including the likes of BAE SYSTEMS, DaimlerChrysler, Raytheon, Motorola, Lockheed Martin and many more. The company has a strong presence in many vertical markets beyond the software requirements management space. This allows them to continue to maintain growth even in light of the troubling state of the software market today."
"This is the second time in two consecutive quarters that Telelogic DOORS has been named market leader based on either market share or functionality by a leading analyst firm," said Anders Lidbeck, President and CEO of Telelogic. "More than a point solution, we see requirements management and DOORS as the foundation for the entire development process in many vertical industries, which is one reason why DOORS offers more integrations with leading development environments than any other requirements management tool."
"We find that, on average, only 54 percent of the originally defined features of a project are delivered. Even more troubling is the realization that of those features that are delivered -- a full 45 percent are never used," said Larkowski. "Quite often the problem is rooted in poorly defined requirements. If the people managing the project can't get a handle on the basic system requirements, it is absolutely doomed to fail. This problem is only compounded in today's dynamic world of application development where the requirements are not static but are constantly changing."
About Telelogic DOORS
Used by more than 50,000 users at more than 1,000 companies around the world, Telelogic DOORS is the world's leading requirements management tool. DOORS is a multi-platform, enterprise-wide system designed to capture, link, trace, analyze and manage changes to information to ensure a project's compliance to specified requirements and standards. Telelogic recently added electronic signature capability to DOORS to capitalize on demand from FDA regulated industries.
About The Standish Group
The Standish Group is best known for its high quality, independent primary research, analysis, and advice. The Standish Group's continuous research methodology ensures that customers and analysts have access to the absolute freshest data and are able to track movements at a finer level. The Standish Group's research is done through focus groups, in-depth surveys and extensive interviews with Fortune 500 Companies. The company's research focuses on mission-critical software applications, management techniques and technologies.
About Telelogic
Founded in 1983, Telelogic(R) is the leading global provider of solutions for advanced systems and software development. The company's integrated best-in-class software tools, supported by professional services, enable companies to automate their entire development lifecycle, resulting in improved quality and predictability with reduced time-to-market and overall costs. To ensure interoperability with third-party tools, Telelogic's products are built on an open architecture and standardized languages. As an industry leader and technology visionary, Telelogic is actively involved in shaping the future of advanced systems and software development by participating in industry organizations like 3GPP, ETSI, INCOSE, ITU-T, MOST, OMG and others.
Headquartered in Malmo, Sweden with U.S. headquarters in Irvine, California, Telelogic has approximately 800 employees worldwide. Customers include Alcatel, BAE SYSTEMS, BMW, Boeing, DaimlerChrysler, Deutsche Bank, Ericsson, General Motors, Lockheed Martin, Motorola, NEC, Nokia, Philips, Siemens and Thales. For more information, please visit www.telelogic.com.
Telelogic, Telelogic DOORS, Telelogic Tau and Telelogic DocExpress are the registered trademarks of Telelogic. Telelogic Synergy and ActiveCM are trademarks of Telelogic. All other trademarks are the properties of respective holders.
Contact Americas/Asia: Contact Europe: Michael E. Donner, VP, Marketing & Catharina Sundelin, VP Corporate Communications Communications, Telelogic Americas and Asia/Pacific Telelogic AB Phone: +1 (949) 885-2496 Phone: +46 40 17 47 30 E-mail: michael.donner@telelogic.com catharina.sundelin@telelogic.com This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: www.waymaker.net/bitonline/2003/02/05/20030205BIT00820/wkr0001.doc www.waymaker.net/bitonline/2003/02/05/20030205BIT00820/wkr0002.pdf