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.”
IBM announces its acquisition of web application security and compliance testing software company Watchfire, in its plan to combine the Watchfire technology with its existing Rational software products.
â€œWatchfire is a recognised industry leader in the security and compliance market that will further strengthen our ability to help customers mitigate risk by integrating security, quality testing and compliance testing requirements early in the software development process,â€ IBM Rational Software general manager Danny Sabbah said.
Watchfire, known for its web application security tool AppScan, was founded in 1996 and currently has 189 employees. Terms of the deal were not disclosed, but it was said that Watchfire will continue to operate as an independent business unit. The acquisition will close in the third quarter of 2007.
This acquisition is the latest among security-related acquisitions by some of the leading IT companies such as Microsoft, Google and Cisco among others. Seemingly, these firms have been buying out security companies in response to malicious malware attacks that are proliferating the web today.