IBM is to buy Swedish systems
company Telelogic for $745m (£392m) to bolster its
systems development offering.
Telelogic is a leading provider of software development systems,
with more than 8,000 customers worldwide, primarily in the
aerospace and defence, telecommunications and automotive
industries.
Telelogic products help organisations with the development of
software used in complex systems such as aircraft radar or a car's
anti-lock braking system.
Dr Danny Sabbah, general manager at
IBM Rational Software, said, "IBM's acquisition
of Telelogic will complement our entire portfolio to help our
clients drive efficient and effective software development
processes that are vital to product delivery."
Once the acquisition is completed, Telelogic will become part of
the Rational Software division at IBM.
IBM last week said it would acquire security firm Watchfire,
which will also be rolled into the IBM Rational division.
Headquartered in Malmö, Sweden, Telelogic has more than 1,100
employees and operations in 22 countries worldwide.
Telelogic eyes SMEs as IT opens doors
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Telelogic enables global
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