IBM buys Telelogic AB

IBM is buying Swedish software firm Telelogic AB for US$743 million as part of its continued focus on its software business.

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By  Peter Branton Published  June 11, 2007

IBM is buying Swedish software firm Telelogic AB for US$743 million as part of its continued focus on its software business. Telelogic has more than 1,000 customers in the Americas and Europe, Middle East and Africa regions. “By combining with IBM, Telelogic will have a greater opportunity to accelerate its growth globally,”' Telelogic Chairman Bo Dimert said in the statement announcing the deal. Under CEO Sam Palmisano, IBM has pushed through a strategy of acquisition in the software space – its most profitable unit – as it looks to offset slower growth in services; this sector is facing increasing competition from firms in India. After the deal is completed, Telelogic will become part of IBM’s Rational Software unit. Last week, IBM said it was buying US security firm Watchfire Corporation, which was also added to its Rational unit.

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