Borland has acquired the assets of privately-held BoldSoft MDE Aktiebolag, a leading provider of next-generation, technology used to accelerate the software development process and improve collaboration across the enterprise. With this move, Borland is advancing design-driven development for the Microsoft .NET framework and strongly positioning Borland as the only independent path to .NET. The market for application design-driven development is expected to reach $1.1 billion by 2006 according to industry analyst research firm IDC.
Financial terms of the transaction were not disclosed, but Borland does not expect this acquisition to have a material impact on revenues or net income for 2002.
Headquartered in Stockholm, Sweden, BoldSoft is a pioneer in design-driven development technologies. It offers Bold®, a suite of products that enables customers to quickly develop
high-quality applications for Internet, mobile, and enterprise network environments with lower development and maintenance costs.
BoldSoft was founded in 1997 and has been a Borland partner since that time. Additionally, its products are currently incorporated into Borland Delphi™ 7 Studio and Borland® Enterprise Studio for Windows®. Five members of the Bold R&D team will be integrated into the Rapid Application Development (RAD) Solutions group with a satellite office in the Swedish office
of Borland.
"This acquisition affirms Borland’s commitment to enhance its leadership position in application development lifecycle management," said Nigel Brown, vice-president and general manager at Borland EMEA. "By providing design-driven development technology, Borland offers enterprises a seamless and concise path for managing the software supply chain, reducing costs, and accelerating time-to-market."
Specifically, BoldSoft’s Bold technology effectively maps the entire business model to a relational database and intuitively links modeling to the applications design environment to reduce total cost of ownership, speed time-to-market and maintain design integrity throughout the development process.
"Borland is a market leader in software development, and it is an exciting time to join forces with a company that shares our commitment to development-centric solutions," said Henrik Jondell, chief executive officer of BoldSoft. "This acquisition will ensure tight integration between Borland and BoldSoft solutions and enable Borland to close the gaps in the design and deployment process and accelerate the application development lifecycle."