Embarcadero Buys CodeGear - InformationWeek
Government // Enterprise Architecture
09:18 AM
Connect Directly

Embarcadero Buys CodeGear

The price for CodeGear, the business unit of Borland that offers software development tools, is $23 million.

A supplier of database performance and management tools, Embarcadero Technologies, has purchased the CodeGear unit of Borland Software for $23 million, or double its annual revenue.

CodeGear is the business unit of Borland that continues to supply such software development tools as the Delphi development environment for Windows, JBuilder for Java applications, and C++ Builder for C++ object-oriented applications.

It started out as the brainchild of Phillippe Kahn as the PC revolution heated up. Borland became known for TurboPascal, one of the early languages for PC enthusiasts. In recent years, it's added Web languages such as Third Rail for Ruby On Rails and a visual development environment for PHP.

In January, a million-seat order for Russian school systems arrived at CodeGear. Delphi and Pascal are still widely used throughout Russia and the central government wanted to purchase software for upgrading the country's computer skills.

"The application and database development worlds are colliding. ... The synergies between these two companies make this union timely and logical," said Orlando Bravo, managing partner of Thoma Cressey Bravo, in a statement announcing the acquisition. Thoma Cressey Bravo is a holding company that owns Embarcadero Technologies.

The deal is expected to close June 30. Wayne Williams, CEO of Embarcadero, is expected to be the CEO of the combined business, according to TCB's statement.

Jim Douglas, CEO of CodeGear, said in the same statement: "Today's announcement is great news for our CodeGear customers, employees, and partners. This will give us the resources to be even more aggressive and focused on our core products and markets."

Borland will retain $7 million in CodeGear accounts receivable. Embarcadero expects to become a $100 million a year company with the addition of CodeGear revenue. Embarcadero is extending its database tools into the design, develop, and management areas and CodeGear brings experience at integrating tools used in different phases of the software development life cycle.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
Register for InformationWeek Newsletters
White Papers
Current Issue
Top IT Trends for 2018
As we enter a new year of technology planning, find out about the hot technologies organizations are using to advance their businesses and where the experts say IT is heading.
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Flash Poll