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IBM to acquire Telelogic for $745M

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TelelogicFollowing IBM’s recent acquisition of Watchfire, IBM nows offers to buy Telelogic for $745M, a Swedish developer of software development tools, and plans to make it part of their Rational tools division.

Based in Sweden, with headquarters in Irvine California, with over 8,000 customers and 1,100 employees, Telelogic provides software development solutions in aerospace and defense, telecommunications, and automotive industries. Their products allow their clients to operate on complex systems such as aircraft radar or a car’s anti-lock braking system.

“This acquisition will provide our clients with enhanced capabilities to develop and deploy complex systems on a global basis,” said Anders Lidbeck, president and CEO, Telelogic. “IBM and Telelogic clients will be able to leverage a broader set of capabilities without the need to replace existing systems.”

Originally posted on June 11, 2007 @ 8:43 am

Filed Under: IBM

YouTube releases new embedded video player

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New YouTube Embedded Video PlayerYouTube‘s embedded video player now comes with a new scroll-through feature that allows you to view related clips within the player with just a few clicks.

This new and improved YouTube interface shows an array of related videos that pops up at the bottom of the screen by just clicking the menu button underneath. Hovering through the thumbnails and clicking through them opens videos right there and then, saving you time and making your viewing experience easier and more “fun”. With the old version of the embedded player, viewers have to navigate away from the site where the embedded video is, and into YouTube’s web browser to see related clips.

YouTube says in its blog, “It’s fun to play with and lets you discover new, related videos without leaving your site. Just hover over the video after pressing play and watch the magic unfold..”

Interestingly, Search Engine Journal and ZDNet reported that the new embedded player also shows related Google Video Ads mixed with the other user-uploaded clips, another clever money-making strategy by the Internet search giant we’ve all known and loved. With this latest innovation, YouTube not only gives users more reason to embed videos onto their sites, it also gives advertisers wider market reach.

Originally posted on June 8, 2007 @ 1:20 pm

Intextmessage takes your online social network offline

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IntextmessageFrom among the growing number of online communities that cater to different groups of people, Intextmessage takes social networking offline, allowing businesses, non-profit organizations and social networks (informal groups and individuals) to communicate not only through online means but through text messaging as well.

Intextmessage combines the online and offline world while giving you the benefits that social networks give — to meet people of similar interests, create or join social cliques, and be prompted with the latest promotions and special events from your favorite local business establishment, as well as information on internships and volunteer opportunities in various non-profit organizations in real time — wherever you are.

With the growing number of social networking sites that cater to different groups of people, co-founder and developer John Hand IV states that Intextmessage has something that sets them apart from the rest. “The way we see it, you can either be sitting at home on the Internet talking about life, or you can be out living it. We designed Intextmessage.com to help people get together in the flesh.”

Originally posted on June 8, 2007 @ 6:57 am

Condo.com launches real estate social networking platform

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Condo.com launches Social Networking PlatformCondo.com, the world’s largest condominium marketplace, joins the social networking scene as it launches its very own community that allows users to discuss and connect with a global audience through uploading videos, ad listing, blogging, and networking.

While several websites have already tried building up social networks in the real estate industry, Condo.com already has a robust community of users established around the web. With this new social networking platform, Condo.com expects to dominate the real estate blogosphere with its added functionality and user-generated content.

“Real Estate is a very social process,” said Richard Swerdlow, CEO, Condo.com. “By providing a social networking aspect to our site, along with added functionality such as free video postings and blogging to our users, we are encouraging participation in the condominium marketplace to all potential users and putting the power in their very own hands.”

Condo.com lists condos in the United States as well as 70+ more countries around the world, garnering over 15 million viewers per month.

Originally posted on June 7, 2007 @ 6:59 am

IBM acquires web app security firm Watchfire

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IBM acquires WatchfireIBM announces its acquisition of web application security and compliance testing software company Watchfire, in its plan to combine the Watchfire technology with its existing Rational software products.

“Watchfire is a recognised industry leader in the security and compliance market that will further strengthen our ability to help customers mitigate risk by integrating security, quality testing and compliance testing requirements early in the software development process,” IBM Rational Software general manager Danny Sabbah said.

Watchfire, known for its web application security tool AppScan, was founded in 1996 and currently has 189 employees. Terms of the deal were not disclosed, but it was said that Watchfire will continue to operate as an independent business unit. The acquisition will close in the third quarter of 2007.

This acquisition is the latest among security-related acquisitions by some of the leading IT companies such as Microsoft, Google and Cisco among others. Seemingly, these firms have been buying out security companies in response to malicious malware attacks that are proliferating the web today.

Originally posted on June 7, 2007 @ 6:38 am