Telelogic acquires the world's no. 1 requirements management solution provider

$115 million deal provides strong US base and extended offer for development of advanced systems

Telelogic today announced the acquisition of QSS, Inc. (Quality Systems & Software), the world's leading provider of requirements management solutions. Under the terms of the agreement, the consideration of $115 million will be paid in Telelogic shares. QSS' revenue 1999 was $29.5 million and the company currently employs 230 people.

"Today, we are writing a new chapter for Telelogic," said Anders Lidbeck, President and CEO for Telelogic. "We have been searching for the right company to expand our geographic coverage in the U.S. for some time now and in parallel have been planning to extend our product offering. QSS is a great answer to both of these objectives, being a U.S.-based global market leader for requirements management systems with 60% of its business in the U.S. QSS also has a solid technical background and good understanding of the real-time market. This is very important in our ambition to be the partner of choice for companies and engineers developing advanced software."

"Strategically, this acquisition will greatly extend market opportunities and resources and introduce new relationships in emerging markets for requirements management products and software development solutions," said Tom Dent, President and CEO of QSS. "Telelogic has a leading brand, the products, the global network and most importantly, we share a common view of strategic product development. This will create an even more compelling organization that will benefit both our customers and employees."

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