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Wednesday, February 08, 2006

Borland To Sell Borland Developer Studio

Borland Software Corporation (NASDAQ NM: BORL), today announced aggressive plans to drive its Application Lifecycle Management (ALM) business forward. As part of that plan, Borland has agreed to buy Segue Software Inc. (NASDAQ CM: SEGU), the Massachusetts-based provider of global software quality and testing solutions. In addition, Borland announced plans to seek a buyer for the portion of its business associated with the Integrated Development Environment (IDE), including the award-winning Borland Developer Studio (Delphi®, C++Builder® and C#Builder®) and JBuilder® product lines.

Both actions are significant milestones in Borland’s strategy to secure leadership in the growing ALM sector and expand its ability to offer organizations solutions that make software delivery a more predictable and manageable business process.

“Segue’s quality optimization products and services will add significantly to our growing portfolio of application lifecycle management solutions,” said Tod Nielsen, Borland president and chief executive officer. “This is a natural extension of our focus to expand beyond development and into software delivery, helping companies increase business value through successful software initiatives.”

Nielsen continued: “The decision to expand our emphasis on ALM, and at the same time enable our IDE business to get the attention it deserves, enables us to do what’s right for our business, what’s right for our customers, and what’s right for the future of software development.”

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