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Long removed from its glory days, Borland Software has relinquished its independence.
The Austin, Texas-based software maker said Wednesday that it has agreed to be acquired in its entirety by Micro Focus International in a $75 million cash transaction, unanimously approved by the boards of both companies.
Borland has struggled in recent years, grappling with weak revenue growth, workforce reductions, and the lack of a consistent direction. Its results for 2008 showed lower revenue and a higher operating loss compared to results from the previous year. It recently … Read more