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   ► KBProgrammingC++C++Builder S...   Print This     

  From the June 2008 Issue of Prestwood eMag
C++Builder Specific:
C++Builder Acquired by Embarcadero Technologies
Posted 10 years ago on 5/7/2008 and updated 6/22/2008
Summary: CodeGear, Borland's development tools division is being acquired by Embarcadero Technologies.


SAN FRANCISCO May 7, 2008 According to a press release on CodeGear's official web site, Embarcadero Technologies, a privately-held company f Thoma Cressey Bravo, today announced that they signed a definitive asset purchase greement with Borland Software Corporation (NASDAQ: BORL) to purchase itsodeGear 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. "

For additional details:

Press Release Embarcadero
Customer letter from Wayne Williams, CEO Embarcadero Technologies
Community Letter from David Intersimone, Chief Evangelist, CodeGear
Embarcadero Technologies Press Contacts


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News Contributed By Wes Peterson:

Wes Peterson is a Senior Programmer Analyst with Prestwood IT Solutions where he develops custom Windows software and custom websites using .Net and Delphi. When Wes is not coding for clients, he participates in this online community. Prior to his 10-year love-affair with Delphi, he worked with several other tools and databases. Currently he specializes in VS.Net using C# and VB.Net. To Wes, the .NET revolution is as exciting as the birth of Delphi.

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