Embarcadero Technologies

Embarcadero Technologies, Inc. is a U.S.-based computer software company that develops, manufactures, licenses and supports products and services related to software through several product divisions. It was founded in 1993, went public in 2000 and private in 2007, and became a division of Idera, Inc. in 2015. Embarcadero was founded in October 1993 by Stephen Wong, Stuart Browning, and Nigel Myers and released a tool for Sybase database administrators in December of the same year called Rapid SQL. It later added tools for software development on Microsoft Windows and other operating systems, and for database design, development and management, for platforms including Oracle, Microsoft SQL Server, IBM DB2, and MySQL. In April 2000, Embarcadero Technologies had its initial public offering, and was listed on NASDAQ with the symbol EMBT. In November the same year, the company acquired GDPro, a Unified Modeling Language software provider. In October 2005 Embarcadero acquired data security business Ambeo. In June 2007, Thoma Cressey Bravo bought Embarcadero, and it became a private company. Wayne Williams was appointed chief executive officer of Embarcadero Technologies in 2007. On May 7, 2008 Borland Software Corporation announced its software development tools division, CodeGear, was to be sold to Embarcadero Technologies for an expected $23 million price and $7 million in CodeGear accounts receivables retained by Borland.