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IBM buys Swedish software firm for large sum
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Written by Danrok   
Monday, 11 June 2007 13:35

ImageTelelogic, a Swedish company, which specialises in the telecoms, defense, aerospace and automotive industries, has been bought out by IBM.  They have paid out $747m, and will incorporate Telelogic in to their existing Rational business.

Telelogic has US headquarters in Irvine, California.  General Electric is one of its existing customers.

Read more here.

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