Borland Software has sold its CodeGear development tools division to Embarcadero Technologies for about $23 million, the companies said Wednesday.
CodeGear sells the products that Borland used to be best known for--its JBuilder Java development tool, Delphi, and C++Builder. More recently, CodeGear has created development tools for PHP and Ruby.
Two years ago, Borland CEO Tod Nielsen announced a plan to sell off the tools division separate from its application lifecycle management product line. The tools division has been hurt from competition from free, open-source products, notably the Eclipse IDE.
CodeGear products are aimed at individual programmers, while the … Read more