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Sweden: I.B.M. To Buy Software Company (New York Times) - International Business Machines said that it had agreed to buy a software provider, Telelogic, for $745 million, bolstering I.B.M.?s portfolio for the defense, telecommunications and automotive industries. I.B.M. said that Telelogic will fit into its Rational Software division, which also was expanded with I.B.M.?s purchase last week of the Watchfire Corporation, a maker of security software. ...

Software AG CTO looks ahead (InfoWorld via Yahoo! News) - In recent months, the acquisition of SOA player webMethods has been the dominant news coming out of Software AG, but the middleware company also continues to hone its mainframe software and strategy.

Apple's iPhone open to software developers (InfoWorld via Yahoo! News) - Third-party software developers can create Web 2.0 applications to run on Apple's forthcoming iPhone, company CEO Steve Jobs said Monday.

Swedish software firm to be acquired by IBM (International Herald Tribune) - International Business Machines said Monday that it had agreed to buy the Swedish software provider Telelogic for 5.2 billion kronor in cash, a bid that Telelogic's board unanimously recommended.

IBM Acquires Telelogic For Its Rational Software Unit (TechWeb via Yahoo! News) - As a developer of complex software products, the Sweden-based Telelogic will complement IBM's ability to assist customers to develop high-quality complex systems.

Websense Unveils Data Leak Prevention Software (TechWeb via Yahoo! News) - The content protection software, which just went into beta testing, is aimed curtailing the rampant rate of data breaches.

Sector Glance: Software Stocks Mixed (AP via Yahoo! Finance) - Software stocks were mixed during Monday's trading, in a fairly quiet session. Shares of Adobe Systems Inc. edged up ahead of the release of second-quarter results, which is scheduled for Thursday.

Settlement reached in software case (bizjournals.com via Yahoo! Finance) - Sure-Feed Engineering Inc. has paid $79,755 to settle claims regarding unlicensed software.

IBM Jazzes Up Software Development (NewsFactor via Yahoo! News) - On Monday, IBM launched a new online community, dubbed "Jazz," at its annual Rational Software Development Conference in Orlando, Florida. The Jazz.net portal aims to offer the open-source vibe in a closed-source setting.

Apple's iPhone Open to Software Developers (PC World) - Third-party software developers can create Web 2.0 applications to run on Apple's forthcoming iPhone.