On 8 February 2006 Borland announced that it would seek a buyer for its IDE division and database products. During the spin-off negotiations, these divisions ("developer tools group") internally reorganized into a division called CodeGear.
Eventually, five parties bid for the group. However, no bidder offered Borland "numbers that appropriately reflected the value we think is in the business," according to a conference call with Borland CEO Tod Nielsen.
Borland's 2006 annual report showed that its CodeGear IDE business had sales of US$75.7 million in 2006, which accounted for 25 percent of Borland's total revenue.
On 7 May 2008, Borland Software Corporation and Embarcadero Technologies announced that Embarcadero had "signed a definitive asset purchase agreement to purchase CodeGear."
On 1 July 2008, Embarcadero Technologies announced the completed acquisition of CodeGear from Borland Software Corporation on 30 June 2008, for approximately $24.5 million.
Embarcadero Technologies, Inc. era
On 25 August 2008, Embarcadero Technologies announced the release of Delphi 2009 and C++Builder 2009.
On 28 September 2008, Embarcadero Technologies announced the release of InterBase SMP 2009.
On 1 December 2008, Embarcadero Technologies announced the general availability of CodeGear RAD Studio 2009.
RAD Studio (including Delphi, Delphi Prism and C++Builder)