IBM to acquire Telelogic for $745M
Following IBM’s recent acquisition of Watchfire, IBM nows offers to buy Telelogic for $745M, a Swedish developer of software development tools, and plans to make it part of their Rational tools division.
Based in Sweden, with headquarters in Irvine California, with over 8,000 customers and 1,100 employees, Telelogic provides software development solutions in aerospace and defense, telecommunications, and automotive industries. Their products allow their clients to operate on complex systems such as aircraft radar or a car’s anti-lock braking system.
“This acquisition will provide our clients with enhanced capabilities to develop and deploy complex systems on a global basis,” said Anders Lidbeck, president and CEO, Telelogic. “IBM and Telelogic clients will be able to leverage a broader set of capabilities without the need to replace existing systems.”