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Embarcadero Technologies to Acquire CodeGear

Written by

Mike Shkolnik

in

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.”

Comments

One response to “Embarcadero Technologies to Acquire CodeGear”

  1. shkolnik Avatar
    shkolnik

    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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