Telelogic deal clears last regulatory hurdle
The way looks clear for IBM to buy Swedish business software firm Telelogic AB for about $941.1 million. The European Commission approved the sale on March 6; U.S. anti-trust officials had okayed the deal in October.
Telelogic describes itself as the leading global provider of software and services for Enterprise Lifecycle Management (ELM). The company is headquartered in Malmö, Sweden, with U.S. headquarters in Irvine, Calif. Founded in 1983, Telelogic has more than 1,100 employees and operations in 22 countries.
Once the deal closes as expected in late March or early April, Telelogic will become part of IBM's Rational Software unit.
The European Commission found that Telelogic's products will broaden IBM's offerings. "IBM's and Telelogic's modeling and requirements management products are not close substitutes, as they generally address different types of customers and different needs," said a statement from the commission.
To learn more about Telelogic, visit their Website. For more on IBM's Rational Software, click here.