A few years ago, Microsoft bought Navision and Intel bought Giga, both in the range of €1 billion. This time, IBM offers to buy Malmö-based software company Telelogic for SEK 5.2 billion (€560M). 

"This acquisition will provide our clients with enhanced capabilities to develop and deploy complex systems on a global basis," said Anders Lidbeck, president and CEO, Telelogic, in a press release.

Telelogic is a leading provider of software development solutions, with more than 8,000 customers worldwide, primarily in the aerospace and defense, telecommunications and automotive industries. Headquartered in Malmö, in the Öresund region, the company has more than 1,100 employees and operations in 22 countries worldwide.

In 2006, the company reported revenues of approximately $208M, including approximately $89M in license revenue and representing year-to-year growth of 20% overall.

Its products help organizations define, model, build, test, deliver and govern the development of software used in complex systems such as aircraft radar or a car's anti-lock braking system. Telelogic’s board of directors recommends share holders to accept the offer.

Visit Telelogic for more information