Embarcadero Technologies, a provider of professional database tools has signed a deal to acquire CodeGear, currently a part of the Borland Software Corporation for approximately US$23 million.
CodeGear is a leading provider of quality development tools such as JBuilder, Delphi and C++Builder, as well as Web development tools for PHP and Ruby.
"Today's announcement is great news for our CodeGear customers, employees, partners and the community at large", said Jim Douglas, CEO of CodeGear in a statement. "This will give us the resources to be even more aggressive and focused on our core products and markets".
Malcolm Groves, the Asia Pacific director of technologies and evangelism at CodeGear also believes the two companies are very compatible.
"You almost couldn't have made a better marriage if you were a fiction writer. The overlap is basically non-existent and the areas where they complement each other are massive. It's really quite a nice outcome", he said.
Groves thinks the acquisition will have a positive impact on local jobs.
"Part of the reason Embarcadero and CodeGear marriage makes so much sense is that they currently don't have a very big presence in Asia. They have some staff in Melbourne, but both their presence in Australia and New Zealand and the rest of the region is pretty minimal. That's something they want to change", he said.
"Right now there's no intention of any negative changes in terms of jobs and people here in Australia."
Groves said he was pleased that the deal was finally sealed.
"I'm ecstatic that it's gone through", he said.