Monday, March 06, 2006

Telelogic acquires I-Logix

What Happened:

Telelogic acquired I-Logix for $80 million in cash. The I-Logix team will form the basis of a new Systems and Software Modeling Division at the company. The new division will manage the Rhapsody, Statemate, Tau and Tau G2 products. I-Logix had sales of $26.8 million in 2005 and pre tax profit of $2.9million.

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