Borland buys BoldSoft

BANGALORE: Borland Software Corporation has acquired the assets of privately held software design development tool provider, BoldSoft MDE Aktiebolag. With this acquisition Borland is advancing design-driven development for the Microsoft .NET framework and positioning the company as the only independent path to .NET.

Financial terms of the transaction were not disclosed, however statements confirm it was an all cash transaction. Borland management does not expect this acquisition to have a material impact on revenues or net income for 2002. The market for application design-driven development is expected to reach $1.1 billion by 2006 according to industry analyst research firm IDC.

Headquartered in Stockholm, Sweden, BoldSoft is a pioneer in design-driven development technologies. It offers Bold, a suite of products that enables customers to quickly develop high-quality applications for Internet, mobile, and enterprise network environments with lower development and maintenance costs.

Five members of the Bold R&D team will be integrated into the Rapid Application Development (RAD) Solutions group with a satellite office in the Swedish office of Borland.

"This acquisition affirms Borland’s commitment to enhance its leadership position in application development lifecycle management. By providing design-driven development technology, Borland offers enterprises a seamless and concise path for managing the software supply chain, reducing costs, and accelerating time to market," said Borland Software, Asia Pacific, Vice President, Julian Quinn.

Specifically, BoldSoft’s Bold technology effectively maps the entire business model to a relational database and intuitively links modeling to the applications design environment to reduce total cost of ownership, speed time to market and maintain design integrity throughout the development process.

"Borland is a market leader in software development, and it is an exciting time to join forces with a company that shares our commitment to development-centric solutions. This acquisition will ensure tight integration between Borland and BoldSoft solutions and enable Borland to close the gaps in the design and deployment process and accelerate the application development lifecycle," said BoldSoft, Chief Executive Officer, Henrik Jondell.