Wednesday, February 08, 2006

Borland Software Corp. to acquire Seque Software Inc. for $100 million - Lexington, MA

Borland Software Corp. is acquiring Seque Software Inc. for $100 million. Segue's products are used to test, tune and monitor other software applications. In the fourth quarter, the Lexington, Mass., company earned $1.1 million on $10 million in revenue. Borland (Nasdaq: BORL) has its headquarters in Cupertino, Calif., and sells a range of software development tools. In the fourth quarter, it lost $9.6 million on $71 million in sales.
Borland is paying $8.67 for each share of Segue (Nasdaq: SEGU), which closed at $6.92 Wednesday.


Post a Comment

<< Home