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CodeGear

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CodeGear
Company typePrivate (wholly-owned subsidiary)
IndustryComputer software
FoundedCalifornia (2006)
HeadquartersScotts Valley, California
Key people
Jim Douglas — CEO
ProductsDelphi, JBuilder, C++ Builder, InterBase
Number of employees
200 est. (2006)
ParentEmbarcadero Technologies
WebsiteCodeGear

CodeGear is a wholly-owned division of Embarcadero Technologies. CodeGear develops software development tools such as the Delphi IDE, the programming language Delphi, and the database server InterBase. Originally a division of Borland Software Corporation, it was launched on 14 November 2006. CodeGear's first CEO was Ben Smith. The current CEO is Jim Douglas.

History

On 8 February 2006 Borland announced that it would seek a buyer for its IDE division and database products.[1] During the spin-off negotiations, these divisions ("developer tools group") internally reorganized into a division called CodeGear. Eventually, five parties bid for the group.[2] However, no bidder offered Borland "numbers that appropriately reflected the value we think is in the business," according to a conference call with Borland CEO Tod Nielsen.[3]

Borland's 2006 annual report showed that its CodeGear IDE business had sales of $75.7 million in 2006, which accounted for 25 percent of Borland's total revenue.[4]

On 7 May 2008, Borland and Embarcadero Technologies announced that Embarcadero had "signed a definitive asset purchase agreement to purchase CodeGear."[5] The acquisition, for approximately $24.5 million, closed on 30 June 2008.[6]

Products

Notes

  1. ^ Intersimone, David (2006-02-08). "Borland plans separate company for its developer products". Retrieved 2006-11-16.
  2. ^ Havenstein, Heather (2006-11-15). "Q&A: Borland exec explains reversal on tools division sale". Computerworld. Retrieved 2006-11-16.
  3. ^ Cowley, Stacy (2006-11-16). "Borland Does About-Face, Keeps Tools Group". CRN. Retrieved 2006-11-14.
  4. ^ Cowley, Stacy (2007-03-15). "Borland Reports CodeGear Sales As 'CodeRage' Rally Rolls". CRN.
  5. ^ Intersimone, David (2008-05-07). "Community Letter: Embarcadero Technologies agrees to acquire CodeGear from Borland". Retrieved 2008-05-08.
  6. ^ Bravo, Thoma (2008-07-01). "Embarcadero Technologies Closes Acquisition of CodeGear". Retrieved 2008-07-03.

References