Home > .NET, CodeGear, Company, Delphi, Microsoft, Programming, Projects, Thoughts, Windows > Breaking: CodeGear sold out.

Breaking: CodeGear sold out.

According to this press release, CodeGear is sold to an extremely famous company named Embarcadero Technologies, which is well known as the creators of superior void developer tools which has shaken the developer market.

Here’s a snippet from press release:

SAN FRANCISCO – May 7, 2008 – Embarcadero Technologies, a privately-held company of Thoma Cressey Bravo, today announced that they signed a definitive asset purchase agreement with Borland Software Corporation (NASDAQ: BORL) to purchase its CodeGear division. The transaction is expected to close in 30 to 60 days. By combining the market leaders in development tools and database tools, Embarcadero will be able to address the growing productivity and resource challenges companies face as a result of different applications and diverse database platforms. With more than $100 million in annual revenue and over 500 employees worldwide, the combined companies will operate under the Embarcadero Technologies name.

What happen? Somebody set us up the bomb, and we are getting a signal. Take every Zig for great justice!

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