April 19, 2006
Borland's strange 'DevCo'Posted 3812 days ago on April 19, 2006
Borland's Allen Bauer blogs about how DevCo will take on interns. The news itself is not interesting; what is interesting is that Bauer can say "...we've gotten approvals from the 'DevCo' board...".
What is 'DevCo'? It's the presumed new entity that will take on Borland's IDE business, including Delphi and JBuilder. A while back Borland announced that it was seeking a buyer for this part of its business. There have been no further formal announcements; the deal could be an acquisition, a split of the business to several buyers, or a new start-up.
So in what sense does 'DevCo' have a board? This sort of talk implies something like a management buy-out, but of course we can't be sure.
My second assumption is that folk like Bauer are blogging about 'DevCo' to prove that this is activity and the the IDE business is not dead. I suppose so; at the same time it doesn't really inspire confidence. VapourCorp?
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