A very sensible next chapter for the products and technologies that were once the foundation of Borland
Embarcadero Technologies, a privately-held company of Thoma Cressey Bravo, today announced that they signed a definitive asset purchase agreement with Borland Software Corporation (NASDAQ: BORL) to purchase its CodeGear division. The transaction is expected to close in 30 to 60 days. By combining the market leaders in development tools and database tools, Embarcadero will be able to address the growing productivity and resource challenges companies face as a result of different applications and diverse database platforms. With more than $100 million in annual revenue and over 500 employees worldwide, the combined companies will operate under the Embarcadero Technologies name.
Hello There Peter!
ReplyDeleteDidn't get a chance to brief you on this (yet), but wanted to tell you that we're very excited about this announcement. This gives us a great portfolio to span both the true development and database environments with world-class tooling. Let me know if you'd like to catch up soon.
greg davoll
vp of marketing, embarcadero