Tech Watch | InfoWorld Staff » Borland spins off tools as CodeGear

November 14, 2006 | Comments: (0)

Borland spins off tools as CodeGear

TAGS: Application Development

Rather than selling off its tools group as planned, Borland Software will separate out its Developer Tools Group into a wholly owned subsidiary, called CodeGear, the company said Tuesday.

CodeGear will be responsible for advancing the four product lines formerly associated with the company's IDE business: Developer Studio, including Delphi, C++ Builder and C#Builder; JBuilder, including the upcoming Eclipse-based "Peloton" offering; Turbo and Interbase.

"After much consideration, we made the decision to establish CodeGear as a separate subsidiary," said Tod Nielsen, Borland president and chief executive officer, in a statement released by the company. "We have always stated our intention to find the right buyer for this business - one who was committed to our developer community, who would continue innovation in our products and who would offer a sum that matched the value of the business. After a lengthy due diligence process with several serious bidders, we feel the CodeGear decision is in the best interests of our customers, shareholders and employees."

"We believe by creating two separate operations, Borland and CodeGear can both obtain the necessary focus and dedicated resources to serve two important, but distinct markets," Nielsen said. "We will continue to partner and share a mutual view of customer success. However, going forward Borland will be completely focused on leading the Application Lifecycle Management (ALM) market, while CodeGear will be focused on the software developer."

CodeGear will be led by Ben Smith, who was appointed today as its chief executive officer. Smith has been working with the tools group for the past 12 months.

Borland had announced plans to divest itself of the tools group in February.

Posted by Paul Krill on November 14, 2006 01:40 PM

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