IBM completes acquisition of Telelogic AB

IBM completes acquisition of Telelogic AB

Customers will benefit from the combined technologies and services of both companies, providing them a wide range of software and system development capabilities

Wednesday, April 30, 2008

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NEW DELHI, INDIA: IBM has announced the completion of its approximately $845 million tender offer for the shares of Telelogic AB.

The tender offer, announced on June 11, 2007, was finalized after IBM obtained acceptance from 98.7 percent of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including necessary worldwide regulatory approvals.

According to Ken King, VP and Telelogic Integration Executive, IBM Software, "With the acquisition closure, Telelogic now becomes 'an IBM company'. The integrated product and technology roadmap will illustrate incremental value to our systems and IT customers across Telelogic and Rational. India has a unique advantage with this acquisition as we gain not just from the business perspective but also from the strong skill-set Telelogic has here."

Together, IBM, Telelogic, and business partners will help customers deliver high quality systems to the market faster while reducing costs.

Customers will 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 is an important element of our software and systems development and delivery strategy," said Dr Daniel Sabbah, GM, Rational Software, IBM.

"Software is at the heart of embedded devices and systems. Whether it's used to develop the next generation of communication devices or systems for space exploration, this IBM technology has important implications for society."

Telelogic will report into the IBM Rational Software unit.

Consistent with IBM's Software strategy, 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.
©CyberMedia News

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