IBM to acquire Telelogic for £392m

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.

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