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Borland Finally Dumps CodeGear Tools Division
It's only taken Borland two years but it's finally dumped its CodeGear tools division, responsible for Borland's hereditary JBuilder, Delphi and C++ Builder lines as well as its new web ventures into PHP and Ruby, said to be used by 7.5 million developers. Embarcadero Technologies is buying it for about $23 million and the transaction's supposed to close in 30-60 days. Thomas Cressey Bravo the private equity house that bought Embarcadero and took it private last year, is fronting the money.
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