An anonymous reader tips news that Micro Focus is in the process of buying Borland Software for $75 million. They also picked up Compuware's application testing and automated software quality business. Quoting ZDNet: "The boards of both companies agreed to the deal, which is expected to complete around mid-2009. ... In 2008, Texas-based Borland made a pre-tax loss of $204m, almost four times the size of the previous year's loss. It had revenues of $172m, part of a consistent downward trend since at least 2004. ... Borland was one of the oldest software companies in the PC software business, having been founded in 1981. Its most successful era was in the late 1980s via massive sales of Sidekick, a DOS-based terminate-and-stay-resident personal productivity application, and development tool Turbo Pascal, which challenged Microsoft's dominance in the application-development market."
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