CodeGear, Borland’s developer tools business, is to be acquired by Embarcadero; though to be more precise, CodeGear is being acquired by the owner of Embarcedero, a private equity company called Thoma Cressey Bravo.

Embarcadero has a range of database and data modeling products, including ER/Studio, EA/Studio, RapidSQL, PowerSQL and DBArtisan.

This is the end of a long road – CodeGear was put up for sale in 2006.

Good news? Insofar as it ends a long period of uncertainty, yes. On the other hand, I sense that many of CodeGear’s customers have valued its renewed focus on software development, as opposed to application lifecycle management, modeling, change management and all those other enterprisey things. Embarcadero just might take it back in that direction. From the press release:

Customers and partners will benefit from Embarcadero’s ability to help fully integrate their application development lifecycle, automate error-prone tasks and dramatically increase their productivity.

Talk of “dramatically increased productivity” is bound to strike fear into the hearts of those who like their dev tools mean and lean.

The problem from a business perspective is that enterprise sales are where the money is, and plain old IDEs and compilers are thoroughly commodotized. Eclipse, NetBeans, Visual Studio Express…

That said, CodeGear still has some interesting products, and increased resources for things like quality control and documentation would do them no harm at all.