Monday, June 11, 2007

IBM Press room - 2007-06-11 IBM to Acquire Telelogic to Advance Global Software Delivery Strategy - United States

This puts Embarcadero in an interesting position, since most of its major competitors in the modeling/database design tools market have now been acquired (e.g., Telelogic acquired Popkin in early 2005). 

IBM (NYSE: IBM) today announced a cash tender offer for all outstanding shares of Telelogic AB (Nordic Exchange/MidCap/TLOG). The offer price is 21 Swedish Kronor per share, for an aggregate purchase price of approximately 5.2 billion Swedish Kronor (or approximately $745 million).

Telelogic is a leading provider of software development solutions, with more than 8,000 customers worldwide, primarily in the aerospace and defense, telecommunications and automotive industries. Headquartered in Malmö, Sweden, with U.S. headquarters in Irvine, California, Telelogic has more than 1,100 employees and operations in 22 countries worldwide. In 2006, Telelogic reported revenues of approximately $208M, including approximately $89M in license revenue and representing year-to-year growth of 20% overall.

IBM Press room - 2007-06-11 IBM to Acquire Telelogic to Advance Global Software Delivery Strategy - United States

Post a Comment