SAN FRANCISCO May 7, 2008 According to a press release on CodeGear's official web site, Embarcadero Technologies, a privately-held company, today announced that they signed a definitive asset purchase agreement with Borland Software Corporation (NASDAQ: BORL) to purchase its CodeGear division.
This marks yet another twist in Borland's shifting strategies, and it's far too early to tell whether it bodes ill or well for fans of CodeGear's development tools.Quoting from the press release:
"The acquisition of the CodeGear business is expected to make Embarcadero the worlds largest, independent software provider offering an integrated portfolio to design, develop, manage and optimize heterogeneous applications and their databases. Customers and partners will benefit from Embarcaderos ability to help fully integrate their application development lifecycle, automate error-prone tasks and dramatically increase their productivity.
"In addition, Embarcadero gains a significantly larger sales footprint to serve millions of software developers, architects, independent software vendors (ISVs) and database professionals worldwide. The combined market opportunity for Embarcadero and CodeGear products will represent more than 15 million users worldwide and is expected to grow by up to 10 percent annually, according to industry reports. "