Embarcado $200 million transaction.
Embarcadero Technologies, Inc. announced that the $200 million
go-private transaction with Thoma Cressey Bravo has been completed. As a
private company, Embarcadero will have the resources and flexibility to
accelerate the development of its award-winning database management
tools resulting in improved responsiveness to customer needs and a
revitalized role as a leader in the database management industry.
Throughout the second half of this year, Embarcadero will announce major
releases of its core database products that will extend the
company's cross-platform support and deliver greater functionality.
The company will also unveil two new database management products which
are built upon progressive open source technologies--Eclipse and XML.
www.emarcado.com
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