IBM has announced the completion of its approximately $845 million USD tender offer for the shares of Telelogic AB.

According to Ken King, Vice President and Telelogic Integration Executive, IBM Software, "With the acquisition closure, Telelogic now becomes 'an IBM company'. The integrated product and technology roadmap will illustrate incremental value to our systems and IT customers across Telelogic and Rational. India has a unique advantage with this acquisition as we gain not just from the business perspective but also from the strong skill-set that Telelogic has here."

"Telelogic is an important element of our software and systems development and delivery strategy," said Dr. 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."
Telelogic will report into the IBM Rational Software unit. Telelogic clients’ and partners’ investments in existing IBM and Telelogic technologies will be preserved.