Embarcadero Technologies to Acquire CodeGear

Borland’s announcement, http://www.codegear.com/about/news/embt:

“Embarcadero Technologies, a privately-held company of Thoma Cressey Bravo,
today announced that they signed a definitive asset purchase agreement with
Borland Software Corporation (NASDAQ: BORL) to purchase its CodeGear division.
The transaction is expected to close in 30 to 60 days.”

This entry was posted on Wednesday, May 7th, 2008 at 8:05 pm and is filed under Soft/Programming. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Embarcadero Technologies to Acquire CodeGear”

  1. shkolnik says:
    May 7, 2008 at 8:07 pm

    The purchase price for CodeGear is expected to be approximately $23 million. Borland will also retain CodeGear’s accounts receivables with an approximate value of an additional $7 million. The transaction is expected to close by June 30, 2008.

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