Telelogic closes the I-Logix acquisition
(March 27, 2006)
MALMÖ, Sweden and IRVINE, California - March 27, 2006 - Telelogic (Stockholm Exchange: TLOG), the leading provider of software solutions that align advanced systems and software development with business objectives, has today completed the previously announced acquisition of I-Logix. All closing conditions are now satisfied including the receipt of ``Hart-Scott Rodino`` U.S. anti-trust approval. By this, I-Logix is a wholly owned subsidiary of Telelogic. A CFIUS filing relating to the acquisition has been made and final resolution is expected during spring.
Intel and Telelogic have had a very competitve/sometime working relationship. I think that it would be wonderful if all of those companies had just licensed our tech. for future use---the J3 and others will come. ads