IBM snaps up Telelogic
Swedish software and services developer follows Watchfire by being absorbed into Rational.
Telelogic's technology is used largely in the Enterprise Lifecycle Management (ELM) market, Enterprise Architecture, Systems Engineering and general software development, providing solutions to optimise product, systems, and software development lifecycles within business objectives.
"This acquisition will provide our clients with enhanced capabilities to develop and deploy complex systems on a global basis. IBM and Telelogic clients will be able to leverage a broader set of capabilities without the need to replace existing systems," said Anders Lidbeck, chief executive of Telelogic.
Telelogic was founded in 1983, and went public in 1999. Since going public the company has grown relatively quickly reaching high profit margins and developing a large range of ELM products.
As IBM moves away from hardware and becomes more focused on its software, Telelogic could prove to help IBM a great deal in reaching their software profit targets.
"From today's next generation entertainment devices to tomorrow's space-information systems, software is the lifeblood of complex systems," said Dr Danny Sabbah, general manager of IBM's Rational Software division.
The acquisition comes just a week after IBM bought security and compliance software vendor Watchfire.
Digital document processes in 2020: A spotlight on Western Europe
The shift from best practice to business necessityDownload now
Four security considerations for cloud migration
The good, the bad, and the ugly of cloud computingDownload now
VR leads the way in manufacturing
How VR is digitally transforming our worldDownload now
Deeper than digital
Top-performing modern enterprises show why more perfect software is fundamental to successDownload now