CodeFutures News & Industry Commentary Blog

In what has to be one of the most drawn out sales in the application development market (the For Sale sign was hung out over two years ago), Borland has finally disposed of its IDE business line that is now marketed under the CodeGear brand. This includes the once dominant JBuilder IDE (a classic case study in the market impact of an open source competitor - in this case Eclipse). The CodeGear division was finally sold at a bargain basement price of $23 million to Embarcadero Technologies (a market leader in database products). It remains to be seen if the acquisition will result in increased product investment since Embarcardero is owned Thoma Cressey Brovo. Being owned by a private equity firm often means tactical pressure to produce profits to repay leveraged purchases rather than strategic product investments.

Labels: Industry News