Embarcadero bought by Idera
Just a link found on Internet.
Jefferies is also leading a US$425m covenant-lite credit to back Idera's acquisition of Embarcadero Technologies. Idera is backed by TA Associates. The deal, which launches on Thursday, includes a US$25m revolving credit, a US$300m first-lien term loan and a US$100m second-lien term loan.
Perhaps some company name change!
I wonder what it may lead for Delphi's future. May be some time to "optimize" the acquisition, and "manage" a new line of products.
But if Embarcadero is worth buying, it means that Delphi's is worth betting on!
They may find out that they should focus on the compiler stuff, and that Open Source is a chance, not a competitor.