Borland to Buy TogetherSoft for $185 Million
Borland will acquire the Java development tools maker for $185 million in a cash-and-stocks deal.Borland Software Corp. on Wednesday continued its buying spree this month, announcing that it intends to acquire Java development tools maker TogetherSoft Corp. for $185 million in a cash-and-stocks deal. Borland, of Scotts Valley, Calif., earlier this month bought Starbase Corp. for $24 million and BoldSoft AB for an undisclosed amount to give configuration management software and model driven architecture expertise to its offerings. Borland officials said the TogetherSoft acquisition will add to its design-driven development capabilities.
"By tightly integrating TogetherSofts design and analysis technology with Borlands development solutions, we would enable companies to create business applications more quickly and to compete more effectively," Borland President and CEO Dale Fuller said in a prepared statement.