IBM Acquires Telelogic
By CXOtoday Staff
Mumbai, Apr 28, 2008

IBM has completed an approximately US $845 million tender offer for the shares of Telelogic. The tender offer, announced on June 11, 2007, was finalized after IBM obtained acceptance from 98.7 % of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including necessary worldwide regulatory approvals.

Telelogic is a provider of software to develop technical systems and enterprise architecture, and has about 8,000 customers worldwide. Headquartered in Malmo, Sweden and Irvine, California, Telelogic has about 1,200 employees and operations in 22 countries. In India, Telelogic has a headcount of approx. 300, who will be integrated into IBM India towards the end of 2008.

According to IBM, India has an advantage with this acquisition due to the skill-set Telelogic has in the country.

IBM also said customers would benefit from the combined technologies and services of both companies, providing them a wide range of software and system development capabilities, along with support from a worldwide sales and services organization.

Telelogic will report into the IBM Rational Software unit. Telelogic clients and partners investments in existing IBM and Telelogic technologies will be preserved, allowing customers to take advantage of the broader set of capabilities without the need to replace existing systems.

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