The tender offer, announced on June 11, 2007 was finalised after IBM obtained acceptance from 98.7 per cent of stock ownership in Telelogic as well as satisfaction of other conditions of the offer, including necessary worldwide regulatory approvals, an IMB release said.
According to Ken King, vice-president and Telelogic Integration Executive, IBM software company, "with the acquisition closure, Telelogic now becomes an `IBM' company'.
"The integrated product and technology road map will illustrate incremental value to our systesm IT customers across Telelogic and Rational. India has a unique advantage with this acquisition as we gain not just from the business perspective also from the strong skill-set that Telelogic has here", he said.