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Technology Industry IBM completes Telelogic takeover
Technology Industry IBM completes Telelogic takeover | IBM completes Telelogic takeover |
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| by Stephen Withers | |
| Friday, 04 April 2008 | |
  
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"Telelogic is an important element of our software and systems development and delivery strategy," said Daniel Sabbah, general manager, IBM Rational Software. "Software is at the heart of embedded devices and systems. Whether it's used to develop the next generation of communication devices or systems for space exploration, this IBM technology has important implications for society." IBM extended the acceptance period four times before closing the deal. No major staffing changes are planned. "IBM has high regard for Telelogic's management team and employees and intends to continue the excellent employee relations that it believes exist at Telelogic," IBM officials said in a written statement. |
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