Feeds

Embarcadero snaps up Borland's CodeGear for $23m

Resources for courses

Security for virtualized datacentres

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".®

Internet Security Threat Report 2014

More from The Register

next story
ONE MILLION people already running Windows 10
A third of them are doing it in VMs, but early feedback focuses on frippery
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Torvalds CONFESSES: 'I'm pretty good at alienating devs'
Admits to 'a metric ****load' of mistakes during work with Linux collaborators
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Do Moan! MONSTER 6-day EMAIL OUTAGE hits Domain Monster
Customers freaked out by frightful service
Ploppr: The #VultureTRENDING App of the Now
This organic crowd sourced viro- social fertiliser just got REAL
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
prev story

Whitepapers

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.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.