PNW Delphi Users Group - Coding in the Northwest

“The application and database development worlds are colliding and the synergies between these two companies make this union timely and logical,” said Orlando Bravo, managing partner of Thoma Cressey Bravo. “This acquisition will yield Embarcadero the financial strength, people and product innovation to aggressively address the demands of this evolving market,” said Holden Spaht, Principal of Thoma Cressey Bravo. The acquisition of the CodeGear business is expected to make Embarcadero the world’s largest, independent software provider offering an integrated portfolio to design, develop, manage and optimize heterogeneous applications and their databases. Customers and partners will benefit from Embarcadero’s ability to help fully integrate their application development lifecycle, automate error-prone tasks and dramatically increase their productivity.

In addition, Embarcadero gains a significantly larger sales footprint to serve millions of software developers, architects, independent software vendors (ISVs) and database professionals worldwide. The combined market opportunity for Embarcadero and CodeGear products will represent more than 15 million users worldwide and is expected to grow by up to 10 percent annually, according to industry reports. “Today’s announcement is great news for our CodeGear customers, employees, partners and the community at large,” said Jim Douglas, CEO of CodeGear. “This will give us the resources to be even more aggressive and focused on our core products and markets.” CodeGear serves a range of Java and Windows developers through its award-winning JBuilder® and Delphi® product lines, as well as a new generation of web developers with its innovative products for the PHP and Ruby languages.

“CodeGear is a recognized leader with a loyal developer community and established global channels,” said Wayne Williams, CEO of Embarcadero Technologies. “By incorporating its strong product portfolio, Embarcadero will be positioned to expand into new markets and develop cutting-edge products that are a quantum leap for the industry. The combination of our companies will unlock enormous potential for our customers and partners.”

Terms of the Deal: Borland - Final language to be added on Monday afternoon/Tuesday morning. The transaction is expected to close by June 30, 2008. Until then, Embarcadero will continue to operate as an autonomous entity and CodeGear will remain a division of Borland Software. Once the transaction is closed, Williams will continue in his role and lead the combined business.

About Embarcadero Technologies Embarcadero Technologies, Inc. delivers professional grade database tools that companies use to design, develop and manage databases and the data they contain. More than 12,000 customers worldwide and over 90 of the Fortune 100 rely on Embarcadero's cross-platform tools to reduce complexity, improve productivity and strengthen security. The company's flagship database tools include: ER/Studio, DBArtisan, Rapid SQL and Change Manager. Founded in 1993, Embarcadero Technologies is headquartered in San Francisco with offices in Melbourne, Australia, Munich, Germany and Maidenhead, United Kingdom. For more information, visit www.embarcadero.com.

About CodeGear CodeGear from Borland Software Corporation (NASDAQ: BORL) delivers innovative, high-productivity development tools for a wide spectrum of software developers ranging from individuals to enterprise teams. CodeGear products enable developers to freely develop on their platform of choice while focusing on simplifying complex technologies and tasks so they can concentrate on application design, not infrastructure, to enable on-time project delivery. With more than 3.2 million users in more than 29 countries, CodeGear supports some of the most demanding vertical industries including financial services, telecommunications, manufacturing, healthcare and government. To learn more about CodeGear and its products, visit www.codegear.com. CodeGear. Where Developers Matter.