IBM Completes Telelogic Buy

Completes $845M acquisition of Telelogic, a provider of software to develop technical systems and enterprise architecture

April 4, 2008

2 Min Read

ARMONK, N.Y. -- IBM (NYSE: IBM) today announced the completion of its approximately $845 million USD (approximately 5 billion Swedish Kronor) tender offer for the shares of Telelogic AB (Nordic Exchange/MidCap/TLOG).

The tender offer, announced on June 11, 2007, 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.

Telelogic is a leading provider of software to develop technical systems and enterprise architecture, and has more than 8,000 customers worldwide. Headquartered in Malmo, Sweden, and Irvine, California, Telelogic has more than 1,200 employees and operations in 22 countries around the world.

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 Dr. 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."

IBM Corp. (NYSE: IBM)

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