• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

BANGALORE: Borland Software Corporation will buy Segue Software Inc, a Massachusetts-based software testing company. In addition, the company has announced plans to seek a buyer for Borland Developer Studio (Delphi, C++Builder and C#Builder) and JBuilder product lines.

The company will soon acquire Segue in a one-step merger transaction for $8.67 per share in cash.

The transaction is valued at approximately $100 million and will be funded with existing cash on hand. It will close in the second calendar quarter, according to a release.

Upon completion of this acquisition, Segue will bring to Borland its comprehensive line of quality optimisation and performance management products.

Explaining the decision to let go of the IDE arm, Mr Nielson said: "Application lifecycle management (ALM) and IDE markets are very different - each requires distinct business models, different operational and marketing structures, and a focused R&D team. Borland can no longer give both the resources and attention they require. Therefore, it has chosen to focus wholly on its ALM business".

Our Bureau

More Stories on : Mergers & Acquisitions | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
CSO puts software sector's contribution to GDP at 2.7 pc

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line