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June 13, 2007
European News
IBM says it will buy Telelogic AB, a Swedish software company, for about $745 million. Telelogic provides software development solutions and has more than 8,000 customers worldwide, primarily in aerospace and defense, telecommunications and automotive industries. Headquartered in Malmö, Sweden, with U.S. headquarters in Irvine, Calif., Telelogic has more than 1,100 employees and operations in 22 countries. Last year, the company reported revenues of approximately $208 million.
Posted by jbowles at June 13, 2007 05:24 PM
