ARN

Embarcadero buys CodeGear

Borland left to focus on ALM

CodeGear, the development tools unit of Borland Software, has been acquired by Embarcadero Technologies.

Embarcadero said the deal combines the market leaders in development tools and database tools. The $US30 million transaction is expected to close in 30 to 60 days.

"CodeGear is a recognized leader with a loyal developer community and established global channels," said Wayne Williams, CEO of Embarcadero Technologies, in a statement released by the company. "By incorporating its strong product portfolio, Embarcadero will be positioned to expand into new markets and develop cutting-edge products that are a quantum leap for the industry. The combination of our companies will unlock enormous potential for our customers and partners."

The acquisition is expected to make Embarcadero the world's largest independent software provider, Embarcadero said.

"Today's announcement is great news for our CodeGear customers, employees, partners, and the community at large," said Jim Douglas, CEO of CodeGear, also in a prepared statement. "This will give us the resources to be even more aggressive and focused on our core products and markets."

CodeGear offers Java and Windows developer tools, such as the JBuilder Java tool and Delphi for Windows. The company also has entered the Ruby on Rails development tools space.

CodeGear was spun out of Borland in 2006, after Borland deciding to focus on the application lifecycle management space but could not find a buyer for its tools group, which was then made into a wholly owned Borland subsidiary. The IDE market that had been Borland's forte had begun to suffer from commoditization.

The new entity will operate as Embarcadero Technologies, although it has not been established yet whether the CodeGear name goes away.

In addition to the $23 million purchase price, Borland will retain CodeGear accounts receivables estimated to have an approximate value of an additional $7 million.

Come socialise with us! Facebook | LinkedIn

More about: Borland, Borland Software, CodeGear, Embarcadero Technologies, Leader, Leader Computers, Quantum

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the ARN comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Whitepapers
Latest Stories
Community Comments
ARN Directory | Distributors relevant to this article
ACA Pacific , Aquion , ASI Solutions , Express Data , Leader Computers , Synnex Australia
rhs_login_lockGet exclusive access to ARN's news, research and invitation only events.
ARN Distributor Directory
Find distributors by name | vendor | location
Channel Deals
/deals/aca-pacific/442_rimage-trade-in-program-inkjet-to-everest-ther
ACA Pacific

Rimage Trade-In Program - Inkjet-to-Everest Thermal Printing. Ends June 15th, 2012.

More details »
ARN Vendor Directory
Find vendors by name | category

iAsset is a channel management ecosystem that automates all major aspects of the entire sales,marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.