Borland has just announced that it will sell CodeGear(Delphi) assets to Embarcadero Technologies by $23 million.,which means that CodeGear(Delphi) will no longer belong to Borland.

The following is the official announcement:

May 7, 2008
Borland announced today a definitive agreement to sell the assets of its individual developer tools unit, CodeGear,
to Embarcadero Technologies. The purchase price for CodeGear is expected to be approximately $23 million.
Borland will also retain CodeGear’s accounts receivables
with an approximate value of an additional $7 million.
The transaction is expected to close by June 30, 2008.

For more information, please visit:

www.codegear.com
www.embarcadero.com

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