Telelogic gets I-Logix for $ 80 mn

BANGALORE: Telelogic, a provider of software solutions, has acquired the privately held, US headquartered I-Logix, a provider of modeling tools for the embedded market.

Under the terms of the agreement, the consideration of USD 80 million will be paid in cash.

I-Logix´s revenue 2005 was USD 26.8 million with 11% in operating margin. I-Logix currently employs 133 people.

Announcing the acquisition, Sidharth Malik, Managing Director, Telelogic India, said, “Today Telelogic has a market leading ALM offering and is one of the global market leaders in the area of systems and software modeling with Telelogic TAU. Telelogic has identified I-Logix as a highly successful, fast growing company with a market leading product that ideally complements Telelogic´s offering in the modeling space as well as many of our other products, especially those with focus on embedded applications”.

"We are acquiring the fastest growing supplier of modeling tools for the embedded market," said Anders Lidbeck, president and CEO of Telelogic. "I-Logix has become a tough competitor the past years with a strong modeling offer focused on embedded systems and software development. Their products have an edge in embedded development and have managed to secure a top position in that market. By combining our two companies, Telelogic will be able to even better address our customers´ needs for developing advanced systems and software, for both the enterprise and projects. We will undoubtedly be number one in this space."

"Telelogic and I-Logix both have a long tradition of focusing very carefully on user needs. We also share a common technology view and a commitment toward standards ranging from UML to SysML and DoDAF" said Gene Robinson, CEO of I-Logix.