Idera announced an agreement to acquire Embarcadero Technologies, a provider of software for database management and application development. The deal is expected to close in mid-October, subject to normal closing conditions and approvals.
Embarcadero’s software tools help application developers and database professionals design systems correctly, accelerate delivery and improve ongoing performance, regardless of platform or programming language. Ninety of the Fortune 100 and a community of more than three million global users rely on Embarcadero software products to increase productivity, reduce costs, simplify change management, and support security and compliance.
“Embarcadero invested the last several years in building out complete solutions to dramatically transform our customers’ innovation capability, and Idera will continue to advance that value equation. Idera’s ability to take the story to market will ensure broader and deeper customer relationships.”
“Embarcadero is really two great businesses,” said Randy Jacops, CEO of Idera. “Embarcadero’s database product portfolio expands Idera’s focus on world-class solutions to simplify and accelerate DBA productivity. The application performance tools deliver similar business benefits to an entirely new community of users working to build great solutions for customers. Together, Idera and Embarcadero focus on driving value for users on the front lines of innovation.”
“We are delighted to join forces with Idera, particularly given the company’s long-standing commitment to innovation and customer success,” said Wayne Williams, CEO of Embarcadero. “Embarcadero invested the last several years in building out complete solutions to dramatically transform our customers’ innovation capability, and Idera will continue to advance that value equation. Idera’s ability to take the story to market will ensure broader and deeper customer relationships.”
Embarcadero’s multi-platform database management products combined with Idera’s deep SQL database performance management expertise will create the most comprehensive portfolio of database management solutions in the market. Customers and partners of the two companies will benefit from the acquisition through the combined goals of:
- Excellent customer service
- High quality software
- Ease of use
- Application speed
“Delivering products that excite customers requires a diligent focus on simplification, from install to operations to upgrades,” said Chris Smith, COO of Idera. “Our focus on near-instant time-to-value from our paid tools, combined with a robust portfolio of free tools, will expand customer attention on the combined company.”
“A year ago, we partnered with Idera’s management to provide the capital and resources to support their growth vision,” said Hythem El-Nazer, a Director with TA Associates and Idera’s Chairman of the Board. “This is a transformational acquisition that enables Idera to further meet the needs and demands of its customers with greater scale, a broader portfolio and the global reach their businesses require. We are excited about acquiring Embarcadero and see significant opportunity for additional strategic acquisitions in both the database and application businesses.”
Jefferies & Co. acted as financial advisor and Goodwin Proctor LLP as legal advisor to Embarcadero. Kirkland & Ellis LLP and Horzepa Spiegel & Associates PC acted as legal advisors to Idera. Terms were not disclosed.
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