IBM offers $745 million for Telelogic
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IBM has offered to buy Telelogic, a Swedish developer of software development tools, in a cash deal valued at 5.2 billion Swedish krona, or about $745 million, the companies announced Monday.
IBM plans to make Telelogic a part of its Rational tools division, the companies said. Telelogic makes products for managing complex software development projects, a category known as application lifecycle management. It also has tools for business process management and other areas.
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