Thursday, April 3, 2008

IBM Completes Telelogic Buy

IBM Corp. has completed its acquisition of Telelogic, the Swedish software firm which has major operations in Irvine, IBM said Thursday. The deal worth worth approximately $845M. Telelogic develops software used for product development and modeling in the aviation, electronics, automotive, and other industries. IBM originally said it would buy Telelogic in June of 2007. Telelogic will become part of IBM's Rational Software unit. Telelogic has over 1,200 employees worldwide.