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Borland Acquires Starbase and BoldSoft in All-Cash Transactions
Borland Acquires Starbase and BoldSoft in All-Cash Transactions

(October 15, 2002) - This month, Borland Software Corporation announced two acquisitions: Starbase Corporation and BoldSoft BoldSoft MDE Aktiebolag.

Borland will acquire Starbase in an all-cash tender offer for an aggregate purchase price of approximately $24 million or $2.75 per share. Headquartered in Santa Ana, California, Starbase is a provider of software configuration management technology. Borland's president and CEO Dale L. Fuller commented, "The acquisition of Starbase advances our goal of integrating all phases of software development into a single, seamless solution that unifies the design, development, testing, and deployment phases of the software application lifecycle.

BoldSoft, headquartered in Stockholm, Sweden, is a pioneer in design-driven development technologies. Its products are currently incorporated into Borland Delphi 7 Studio and Borland Enterprise Studio for Windows. With this acquisition, Borland hopes to advance design-driven development for the Microsoft .NET framework, and position itself as the only independent path to .NET. Financial terms of the transaction were not disclosed.

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