IBM will acquire Sweden-based Telelogic in a $745 million cash deal, one that gives IBM access to a leading provider of application lifecycle management products. Big Blue will fold Telelogic into its Rational unit — created in the wake of an earlier acquisition — where companies will have access to a wider menu of products aimed at making it easier to develop specific software applications. Telelogic has been known to be in the market for a merger partner for several weeks; IBM was among the companies who were said to be a solid strategic fit.
Original post by Keith Regan and software by Elliott Back
