Feeds

Borland tools buyer MIA

Keeps ownership at distance

Intelligent flash storage arrays

Borland Software will retain control of its tools operation after failing to find a buyer during an eight-month search.

JBuilder, Developer Studio, Turbo and Interbase are to be consigned to a new operation named CodeGear that will become a wholly owned subsidiary in "early" 2007. CodeGear and its 300 staff will be led by Borland executive Ben Smith.

Borland decided to spin out its tools business to focus time and resources on the higher-grossing activity of lifecycle management, targeting IT purchasers with big budgets rather than developers who tend to have limited spending power.

While Borland entertained a number of possible options, it decided to act on the advice of investment banker Bear Stearns, setting the purchase price at $150m.

If Borland was struggling to make money in a market being commoditized by Eclipse on Java and that is being squeezed by Microsoft on Windows, though, it was difficult to see how - or why - any newcomer should pay for the privilege of having their legs taken out from underneath them.

Borland was unavailable to be reached at time of going to press. However chief executive Todd Nielsen said in a statement: "After a lengthy due diligence process with several serious bidders, we feel the CodeGear decision is in the best interests of our customers, shareholders and employees."

Meanwhile, Borland announced deeper losses for its third quarter. Borland recorded a $12.1m loss, compared to $5.2m, on revenue that grew 21 per cent to $82.3m Loss per share was $0.16 versus $0.07 a year ago. Operating expenses jumped 30 per cent to $77m. Let's hope Borland kept all those Bear Stearns' receipts for tax write-off purposes.®

Choosing a cloud hosting partner with confidence

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.