savage
14-11-2006, 10:24 PM
CUPERTINO, Calif.,— November 14, 2006 — Borland Software Corporation (NASDAQ: BORL, www.borland.com), today announced its decision to separate the Developer Tools Group into a wholly-owned subsidiary focused on maximizing developer productivity. The newly formed operation, CodeGear, will be responsible for advancing the four primary product lines formerly associated with Borland’s Integrated Development Environment (IDE) business. These include Developer Studio (Delphi®, C++Builder® and C#Builder®), JBuilder® (including the upcoming Eclipse-based “Peloton” offering), Turbo® and Interbase.
“After much consideration, we made the decision to establish CodeGear as a separate subsidiary,” said Tod Nielsen, Borland president and chief executive officer. “We have always stated our intention to find the right buyer for this business – one who was committed to our developer community, who would continue innovation in our products and who would offer a sum that matched the value of the business. After a lengthy due diligence process with several serious bidders, we feel the CodeGear decision is in the best interests of our customers, shareholders and employees.”
Nielsen continued, “We believe by creating two separate operations, Borland and CodeGear can both obtain the necessary focus and dedicated resources to serve two important, but distinct markets. We will continue to partner and share a mutual view of customer success. However, going forward Borland will be completely focused on leading the Application Lifecycle Management (ALM) market, while CodeGear will be focused on the software developer.”
Read the rest of the press release here (http://bdn.borland.com/article/33819), or vist the under construction CodeGear (http://www.codegear.com/) site.
“After much consideration, we made the decision to establish CodeGear as a separate subsidiary,” said Tod Nielsen, Borland president and chief executive officer. “We have always stated our intention to find the right buyer for this business – one who was committed to our developer community, who would continue innovation in our products and who would offer a sum that matched the value of the business. After a lengthy due diligence process with several serious bidders, we feel the CodeGear decision is in the best interests of our customers, shareholders and employees.”
Nielsen continued, “We believe by creating two separate operations, Borland and CodeGear can both obtain the necessary focus and dedicated resources to serve two important, but distinct markets. We will continue to partner and share a mutual view of customer success. However, going forward Borland will be completely focused on leading the Application Lifecycle Management (ALM) market, while CodeGear will be focused on the software developer.”
Read the rest of the press release here (http://bdn.borland.com/article/33819), or vist the under construction CodeGear (http://www.codegear.com/) site.