Armonk, N.Y. and Paris — IBM announced the completion of its approximately US$340 million tender offer for the shares of ILOG. The tender offer, announced July 28, 2008, was finalized after IBM acquired all outstanding stock in ILOG, and satisfied the other conditions of the offer.
Headquartered in Paris, ILOG has more than 2,500 customers, 850 employees and operations in 30 countries around the world. The ILOG Business Rule Management System, Optimization, Visualization and Supply Chain Management portfolios will build upon IBM software and business process management (BPM) leadership across a broad range of applications and environments, the company reports.
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