Another Suitor for Borland?
Published June 11th, 2009 Under News, Software Development | Leave a Comment
According to Reuters, Micro Focus, which agreed in May to buy Borland, said on Monday that Borland had received a preliminary non-binding indication of interest from an unnamed financial buyer. The price offered would be $ 1.20 versus the $ 1 offered by Micro Focus. If the transaction is not approved by the shareholders, Borland would have to Micro Focus $3 million.
Borland entered a nondisclosure agreement with the new suitor and it has granted it access to its accounting books. Among the possible buyer, the name of Embarcadero and Oracle are mentioned. Embarcadero already bought last year the CodeGear division and might be interested for some new tools that will complete its current offer… for cheap. Oracle, who just bought Sun, could seize the occasion to create a more complete offer of software development tools around Java. JDeveloper, the Java IDE from Oracle, was originally build around the JBuilder technology from Borland.
Will Borland Survive Yet Another Crisis?
Published January 9th, 2009 Under News, Software Development | 2 Comments
Borland discreetly announces this week the resignation of both Tod Nielsen, CEO since 2005, going to VMware as COO, and Peter Morowski, SVP of research and development, leaving the company to pursue other opportunities. Borland will also reduce its workforce by approximately 130 employees, or approximately 15 percent of its regular full-time staff. For the fourth quarter of 2008, Borland is expecting to report total revenue in the range of $38.5 million to $40 million, down at least 10% from previous quarter. Considering that operating costs of revenues for the third quarter were around $45 million and that a lot of them are fixed costs, this will be another quarter with an important operating loss for Borland. The current CFO will act as CEO. Read more
Borland (Finally) Sells CodeGear to Embarcadero
Published May 8th, 2008 Under News, Software Development | Leave a Comment
Yesterday Borland Software Corporation announced today a definitive agreement to sell the assets of its individual developer tools unit, CodeGear, to privately held Embarcadero Technologies. 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. Read more