Wednesday, May 7, 2008

Embarcadero purchases Delphi/Codegear from Borland

Press Release 7 May 2008 :

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SAN FRANCISCO - May 7, 2008 - 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."
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This is for us a great relief.
We are using Borland development tools, especially Delphi, since 13 years and we were facing questions since several year on what would be the future ? We never had doubt on the technical side. Delphi-Pascal is renown for its stability over time. Now we also know how to think on the business side and hopefully maintain a strategic relationship with one of our key tool suppliers.