It is not unusual for a company to purchase another company, fire (down size, layoff, etc.) much of its staff, take tax write-offs and declare a profit. That works until reality catches up with them.
Then it is time for a new CEO (be sure you give many millions of dollars to the outgoing CEO for doing such a fine job) and the entire emphasis of the company is then given a new path. The American Dream in action! :)
>>eWeek - Borland to Divest Dev Tools with Segue Buyout, 2-8-06
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http://www.eweek.com/article2/0,1895,1922774,00.asp>>
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>I just received this as email from Segue.
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To Our Valued Customers,
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>I wanted to ensure that you are aware of the exciting news announced today. Borland Software has signed a definitive agreement to acquire Segue Software. Segue will provide Borland with Lifecycle Quality Management - an integral part of Borland's Application Lifecycle Management (ALM) offering.
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>What will this mean for our customers? Segue and Borland share a vision to ensure your lifecycle needs to deliver high-quality software applications on time and within budget meet the business goals of your organization. Segue has set the technology standard for software quality assurance and customer experience management. The acquisition will allow the entire Segue team to make these products and services even more valuable. With Borland, we will be able to increase investment in innovation, accelerate development and expand the reach of our services and support to better serve you around the world.
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>Segue capabilities will strengthen the Borland Software Delivery Optimization (SDO) vision, which is a vision to help global organizations maximize the business value of software by transforming their software development into a managed business process. The result is increased control, predictability, visibility and efficiency throughout the entire software delivery process. The acquisition will also enable Segue solutions to leverage and integrate with the most comprehensive Application Lifecycle Management (ALM) platform in the industry.
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>Borland serves more than 95% percent of Fortune 500 companies and significant government entities around the world. Its solutions to streamline core software delivery processes include IT Governance & Management, Requirements Definition & Management and Change Management. Segue capabilities add a Lifecycle Quality Management solution designed to optimize the quality of today's complex heterogeneous and distributed applications with technology uniquely suited to such environments. Whether you want lifecycle quality management alone or as part of a broader software delivery solution, our combined organization will be able to meet your needs.
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>The acquisition is expected to close during the second quarter of calendar 2006. The acquisition is subject to certain customary closing conditions, including approval by Segue's stockholders. Pending closing, Segue will operate independently, and you should continue to work with your existing Segue contacts as usual. We will share our product roadmap and integration plan with you as soon as possible after the official closing of the transaction.
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>In the meantime, we can provide some insight into our customer priorities. Borland will honor all contractual obligations made to Segue customers. Segue products are essential to the health and performance of critical applications for more than 2,000 organizations worldwide. Borland is committed to providing the product support, training and resources to maintain and expand these deployments. We will continue to enhance Segue products under Borland ownership, and will continue to keep our customers first in all we do.
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>Naturally, this transaction will raise a great many questions for you. To help you understand the strategy and rationale behind the acquisition, as well as the acquisition process itself, I am attaching a link to a Frequently Asked Questions document we created to help answer the questions you may have. If you have any immediate questionsabout the acquisition, please contact your Segue representative or email SegueandBorland@segue.com.
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>This is an exciting time for all of us, and we look forward to communicating with you through the transition. Borland is focused on extending its software development leadership through focus on customer success - a perspective that is central to Segue's values as well. Our customer success focus also assures us that the combination of our organizations will be successful. With dramatically expanded resources and reach, we will take our solutions to the next level and help you derive the greatest business value from your application development investments.
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>Best Regards,
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>Joseph Krivickas
>President and CEO
>Segue Software, Inc.
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