Borland heeft haar overname van TogetherSoft afgerond. Zij sloot in oktober 2002 een fusieovereenkomst met het bedrijf. De overeenkomst heeft een waarde van $82.5 miljoen in contanten en 9.050.000 aandelen.
De overname zal Borland helpen zich te positioneren als een belangrijke speler in de gehele management applicatielevenscyclusmarkt. Daarnaast zal Togethersoft's technologie in de producten en oplossingen van Borland worden geïntegreerd.
News Release
Borland completes acquisition of TogetherSoft
January 16, 2003 - Borland has completed its acquisition of TogetherSoft Corporation. Borland acquired privately-held TogetherSoft for approximately $82.5 million in cash and 9,050,000 shares of Borland common stock.
TogetherSoft is a leading provider of platform-neutral, design-driven development solutions that accelerate the software development process. TogetherSoft solutions simplify and integrate design and analysis with development of complex software applications. These solutions operate with all major enterprise platforms and languages, including Java, C++, Visual Basic, Visual Basic for .NET, and Visual C#.
"With this acquisition, we are executing on our long-term strategy to extend Borland’s footprint across all major areas of the application development lifecycle," said Frederick A. Ball, executive vice president of corporate development and mergers & acquisitions at Borland. "TogetherSoft adds a critical design and analysis capability to Borland’s market-leading technology, which will help us compete more effectively in the software application development market. This acquisition brings to Borland a strong customer base and product offering, dedicated R&D organisation, and a well-trained salesforce."
"Customers continue to be drawn to Borland’s platform-neutral, best-in-class solutions that increase productivity, accelerate time to market, and lower the total cost of ownership," added Dale L. Fuller, president and chief executive officer. "This value proposition is appealing to enterprises of all sizes that seek to achieve a competitive advantage in the marketplace through the strategic use of software development assets. With the acquisition of TogetherSoft, Borland is strengthening its market position and advancing the art of software development worldwide."