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. Both comments and pings are currently closed.

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.