Companies
Embarcadero Technologies
Embarcadero Technologies Accomplishes $200 Million Transaction
Embarcadero Technologies Accomplishes $200 Million Transaction |
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| Written by Subhasis Chatterjee | |
| Monday, 02 July 2007 | |
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Embarcadero Technologies, Inc. the leading provider of strategic data management solutions announced here of the completion of the $200 million go-private transaction with the Thoma Cressey Bravo. It has been reported, that being a private company, Embarcadero will be in possession of all the resources and flexibility that is needed for the acceleration of the improvement of its award-winning database management tools. It has been mentioned, that there is a high anticipation that it will definitely result in the enhanced sensitivity to the basic need of the customer, in conjunction with an invigorated task of being the captain in the database management industry. Embarcadero Technologies, Inc. is renowned in delivering professional graded database tools used by companies to design, develop and manage databases and the data they contain. The company is in the possession of a huge network with more than 12,000 customers worldwide and over 90 of the Fortune 100 companies rely on Embarcadero's cross-platform tools for the diminution of complexity, to improve productivity and strengthen security. While Thoma Cressey Bravo is a reputed private equity investment firm providing equity and strategic support to experienced management teams building growing companies for more than 25 years. While speaking on the go-private transaction Orlando Bravo, the Managing Partner of Thoma Cressey Bravo said, "Embarcadero is responsible for developing some of the most valuable database tools on the market and as a result, has built a tremendous worldwide customer base. Our investment and strategic support will reinforce Embarcadero's long-time reputation of delivering high quality products that provide an immediate boost in productivity for today's database professional." There is also a high expectation that all through the second half of this year, there shall be proclamation on the behalf of the Embarcadero of major releases of its core database products fabricated in order to expand the company's cross-platform sustenance along with delivering a greater functionality. The company, as has been affirmed, will also make public two new database management products, which are built upon the progressive open source technologies, Eclipse and XML. Raj Sabhlok, the newly made President and CEO of Embarcadero Technologies said, "This signals the beginning of a powerful relationship with Thoma Cressey Bravo which gives us the resources to accelerate development of our cross-platform database tools as well as enhance our relationships with our customers. As a private company, backed by one of the most successful private equity investment firms, we will be very aggressive in expanding our portfolio of database tools and growing our market share."
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