Embarcadero gets some awards; Borland still optimizes costs, now almost broke

March 18, 2009

Very nice to see that Embarcadero (current owners of Delphi) continue the good Borland tradition on receiving prestigious distinctions, e.g. 2 Jolt awards 2009:

Change and Configuration Management Tools
Productivity Winners:
* Change Manager (Embarcadero Technologies)
…
Development Environments
Productivity Winners:
* JBuilder 2008 (Embarcadero Technologies)

joltawards.com

Meanwhile, after 1 year since selling CodeGear for about $30 millions, BORL is at the lowest price in quotations history, at about $0.31, with a market capitalization of … $30 millions.
[google.com/finance]

The CEO Ted Nielsen has resigned and went to VMWare, and

[Borland] also announced a work force reduction of about 15 percent and preliminary financial results for the fourth quarter ended Dec. 31, 2008, including revenue if $38.5 million to $40 million.
Borland officials said the company will reduce its work force by approximately 130 employees, which amounts to the aforementioned 15 percent of the company’s regular full-time staff. Borland said the work force reduction and cost cuts will save the company $12 million to $14 million.

[eweek.com]

Yeah, they had revenues of … $30 millions again :)
But no worries, in a year or two Embarcadero will pay $1 million for the Borland brand (they will have so optimised the costs that they will simply close) and we’ll start all over again :D
—
Marius

2 Comments »

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  1. Very kind of you to mention the award for Change Manager - I am the prodcut manager for that product and a couple others here at Embarcadero, and we are very proud of the efforts we put into our products. We are also really excited to have such a strong porfolio of products and talent from the CodeGear side - cheers!

    Comment by Greg Nerpouni — March 19, 2009 @ 12:37 am

  2. Very kind of you to mention the award for Change Manager - I am the product manager for that product and a couple others here at Embarcadero, and we are very proud of the efforts we put into our products. We are also really excited to have such a strong porfolio of products and talent from the CodeGear side - cheers!

    Comment by Greg Nerpouni — March 19, 2009 @ 12:38 am

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