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July 10, 2008

CodeGear Sold for 29.8 Millions

Embarcadero Technologies bought CodeGear for almost 30 millions, of which 20 millions were in cash. More or less as expected. Other (European) problems were not expected, though...

According to the documents filed by Borland (a public traded company), Embarcadero Technologies bought CodeGear for almost 30 millions, of which 20 millions were in cash. The deal involves the sale of 34 patents pertaining CodeGear business.

A further deal (for an undisclosed amount) between the two companies will let them share further IP rights, let Embarcadero sublease from Borland the CodeGear office space in Scotts Valley, and keep other further services running. Serge has more details and comments in his blog. My thought is everything went quite smooth, as they confirmed the original deal from early May.

Seems they were able to get things moving smoothly in the US, but not in Europe, though. Since the acquisition, they stopped shipping products in this part of the world apparently due to inventory / production / accounting reasons (depending on who you talk to). This is absolutely unbelievable (as they had over a month to get ready!), and not a great start...





 

4 Comments

CodeGear Sold for 29.8 Millions 

Europe? Ah, that old place with the Coloseum and the 
Eiffel Tower? Do they develop there? Didn't they just 
host tourists, and make wine, beer, spaghetti, 
strange movies and the like? <g>
Comment by KM on July 10, 15:30

CodeGear Sold for 29.8 Millions 

Let's hope the real reason they've stopped shipping
products is that the new versions are about to come
out and there was no point in making more boxes with
"2007" on them! 
Comment by Steve Summers on July 10, 16:11

CodeGear Sold for 29.8 Millions 

Marco, you should fix the blog links on the left - 
they still point to borland.com and does not work 
anymore. And maybe Steve's blog is no longer "new" ;-)
Comment by Luigi D. Sandon on July 11, 21:59

CodeGear Sold for 29.8 Millions 

 We are shipping/selling products around the world.  
shop.codegear.com sites are available in many 
countries, and our reseller partners are also able to 
take orders and ship products.  There is no stoppage 
of shipping/selling of CodeGear products.  We are 
open for business as Embarcadero Technologies.
Comment by David Intersimone "David I" [http://blogs.codegear.com/davidi/] on July 15, 23:31


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