I-Logic is a leading provider of modelling tools for the embedded market with revenue at $26.8 million with 11 per cent in operating margin during the year ended 2005.
The company currently employs 133 people. "We are acquiring the fastest growing supplier of modelling tools for the embedded market. I-Logix has become a tough competitor in the past years with a strong modelling offer focused on embedded systems and software," Anders Lidbeck, Telelogic President and CEO said.
"Their products have an edge in embedded development and have managed to secure a top position in that market. By combining our two companies, Telelogic will be able to even better address our customers needs for developing advanced systems and software, for both the enterprise and projects," he said.
I-Logix CEO Gene Robinson said his company had excellent growth with increasing profitability.
"We are now at a point where the business vision can best be realised and customer needs most effectively addressed by merging with a larger complementary organisation with greater financial resources and extensive global reach," he added.
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