May 6, 2009
MicroFocus has announced its acquisition of Borland for approximately 75 million dollars.
MicroFocus has announced its acquisition of Borland. According to the announcement, "Borland is being acquired for approximately US$75 million in cash". There is also an article in TechWorld. This is the BusinessWire. Stocks are up over 20% to .97 from 0.80 in pre-market trading, close to the prospected acquisition value.
Of course, this has nothing to to with Delphi and the IDEs, owned by Embarcadero Technologies, but only the ALM side of Borland.
Update (same day)
Nice summary of the history of Borland, including its successes and its failures by Tim Anderson at his ITWritings blog.
posted by
marcocantu @ 11:10PM | 7 Comments
[0 Pending]
MicroFocus buys Borland
hihi ... Typical geeky programmer to write "of
source"..
Comment by Jens Fudge on May 6, 16:37
MicroFocus buys Borland
Jens, fixed, thanks. (For others, "of course" was "of
source")
Comment by Marco Cantù
[http://www.marcocantu.com]
on May 6, 16:49
MicroFocus buys Borland
Microfocus use to buy living dead. (example
RM/cobol, Acucobol ....).
Comment by vicente on May 6, 18:08
MicroFocus buys Borland
Looks like they did exactly what they had planned.
Sell of the IDE side, and make a bundle, build up the
other side (make it look profitable) and sell that
portion too... and make a bundle.
I believe Borland got a heck of a lot more money from
the sale of both the IDE and the ALM sides then what
they would have gotten from selling the entire lot to
one company.
Comment by Shane Holmes on May 6, 18:44
MicroFocus buys Borland
@Shane:
It's hard to agree with that: In 2005. Borland snubbed
a $150m offer for the IDE and deployment divisions of
the company. At the time Borland's market value was
around $6 a share, while they've sold it now for just
1$/share.
Remember also that the $75m *includes* the ~$30m that
Borland got for Codegear (less what they've p*ssed up
the wall since then...)
Comment by Roddy on May 7, 00:52
R.I.P. Borland
Well, eventually the inevitable happened. I just wish
it happened with a last "heroic" attempt, instead of
dying slowly delivering rubbish like Delphi 2005 and
the like and scrapping the "Delphi" brand piece by
piece.
Micro Focus also bough the test/qa division of
Compuware - of Soft Ice/BoundsChecker fame.
Comment by Luigi D .Sandon on May 7, 19:10
MicroFocus buys Borland
MicroFocus is doing big deals recently, a week ago it
bought NetManage also, which was not a living death at
all btw, and it was its rival in the modernization
market... of course MF has partners to put the
money... HSBC, Lloyds and many others.
Anyway they had adquired great values in a week if you
think, they were a COBOL and application modernization
tool maker, and now they are playing in the host
connectivity market (with NetManage for 75m) and in
the QA market (with Borland for 75m + Compuware's QA
for 60m) too... thats a good move, and only for a
total of $200m. Not bad for them.
Comment by Javier Santo Domingo on May 7, 21:56
There are currently 0 pending (unapproved) messages.
