Borland execs outline Starbase plans
- By John K. Waters
Borland Software Corp. has agreed to acquire software configuration
management company Starbase Corp. in an all-cash deal totaling $24 million. The
addition of Starbase will add SCM functionality to Borland's development tool
offerings, and will help to extend the Scotts Valley, Calif.-based company's
coverage of the application development life cycle.
''We were looking for a product that was a very developer-friendly solution,''
Frank Slootman, Borland's senior vice president of software products, told
e-ADT, ''something that was lightweight, quick and geared toward making the
developer experience good and productive. There are a lot of products out there
that frustrate developers. Starbase is very developer-centric technology with an
architecture that is oriented toward the future.''
Starbase's software life-cycle products cover requirements definition and
management, analysis and UML design, code and content development, change and
configuration management, and testing and deployment. Two of Starbase's
best-known products, CaliberRM and StarTeam, implement a requirements-driven
development process that is said to provide full visibility, traceability and
collaboration throughout the software development life cycle.
Borland executives said the acquisition of Starbase brings more than 4,200
new customers into the Borland fold.
The Starbase deal is Borland's second acquisition in a week. Last Monday, the
toolmaker disclosed its intention to buy BoldSoft AB, a Swedish model-driven
architecture software concern.
''The acquisition of Starbase advances our goal of integrating all phases of
software development into a single, seamless solution that unifies the design,
development, testing and deployment phases of the software application life
cycle,'' said Borland CEO Dale Fuller.
''We think this whole tool-chain integration and the collapse of categories is
going to be a big trend in the industry,'' the firm's Slootman said. ''It deals
directly with a problem that people are having, and it's a strategic
underpinning of everything we do.''
Under the terms of the Starbase agreement, Borland will commence an all-cash
tender offer to acquire all of the outstanding shares of the company at a price
of $2.75 per share, followed by a merger in which the holders of the remaining
outstanding shares of Starbase common stock will receive the same cash price per
share. Borland has also agreed to make available bridge financing of $2 million
to Starbase so it can fund its operations until the transaction is
The acquisition has been approved by the boards of directors of Borland and
Starbase, and is subject to customary closing conditions. Subsequent to closing,
Starbase's product lines will be distributed globally through Borland's direct
and indirect channels.
Borland's customers can expect to see the Starbase functionality tightly
coupled with the IDE platform sometime after the first of the year, Slootman
John K. Waters is a freelance writer based in Silicon Valley. He can be reached