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IBM finalizes Telelogic buyout

Posted: 08 Apr 2008 ?? ?Print Version ?Bookmark and Share

Keywords:tender offer? regulatory approvals? software developer? enterprise architecture? acquisition?

IBM Corp. has completed its approximately $845 million tender offer for the shares of software developer Telelogic AB. The acquisition was finalized after IBM obtained acceptance from 96.9 percent of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including necessary worldwide regulatory approvals.

IBM's gains
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. Together, IBM and Telelogic provide a comprehensive offering for defining, modeling, building, testing and delivering the software used in systems in the aerospace and defense, telecommunications, electronics, automotive and other industries.

For example, an automotive manufacturer would use IBM and Telelogic solutions to help build and deliver software to operate a vehicle's anti-lock braking system or navigation system. In aerospace and defense, an organization could use IBM and Telelogic to develop and operate advanced satellite radar systems and space telescopes.

"Telelogic is an important element of our software and systems development and delivery strategy," said Daniel Sabbah, general manager, IBM rational software. "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.

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