Feeds

Embarcadero snaps up Borland's CodeGear for $23m

Resources for courses

Internet Security Threat Report 2014

Database tools vendor Embarcadero Technologies has snapped up Borland Software's unwanted tools subsidiary CodeGear for $23m - $127m less than initially sought.

Embarcadero said the deal provides a "significantly larger footprint" to serve millions of software developers. The deal appears timed to capitalize on the growing appetite for databases that's being fueled by web-based development.

It's certainly a bargain for Embarcadero. Borland had been touting CodeGear since early 2006 for an original sum of $150m, according to sources close to Borland, as the company focused on life-cycle management rather than its award-winning tools such as JBuilder and Delphi C++ Builder.

CodeGear chief executive Jim Douglas said the deal would give CodeGear the resources to be "even more aggressive and focused on our core products and markets." The resources are timely. CodeGear recently pushed out JBuilder 2008, considered a little rough around the edges.

But the deal does not necessarily represent a carte blanche investment.

Embarcadero itself struggled against an array of massive competitors before finally being purchased and taken private in September 2006 under a $234m deal with Thoma Cressey Equity Partners. Then chief executive Stephen Wong accepted the Thoma Cressey offer following a review of "strategic options".®

Intelligent flash storage arrays

More from The Register

next story
PEAK APPLE: iOS 8 is least popular Cupertino mobile OS in all of HUMAN HISTORY
'Nerd release' finally staggers past 50 per cent adoption
Microsoft to bake Skype into IE, without plugins
Redmond thinks the Object Real-Time Communications API for WebRTC is ready to roll
Microsoft promises Windows 10 will mean two-factor auth for all
Sneak peek at security features Redmond's baking into new OS
Mozilla: Spidermonkey ATE Apple's JavaScriptCore, THRASHED Google V8
Moz man claims the win on rivals' own benchmarks
FTDI yanks chip-bricking driver from Windows Update, vows to fight on
Next driver to battle fake chips with 'non-invasive' methods
DEATH by PowerPoint: Microsoft warns of 0-day attack hidden in slides
Might put out patch in update, might chuck it out sooner
Ubuntu 14.10 tries pulling a Steve Ballmer on cloudy offerings
Oi, Windows, centOS and openSUSE – behave, we're all friends here
Was ist das? Eine neue Suse Linux Enterprise? Ausgezeichnet!
Version 12 first major-number Suse release since 2009
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
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?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
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.