Borland Software Corporation (NASDAQ NM: BORL), today announced aggressive plans to drive its Application Lifecycle Management (ALM) business forward. As part of that plan, Borland has agreed to buy Segue Software Inc. (NASDAQ CM: SEGU), the Massachusetts-based provider of global software quality and testing solutions. In addition, Borland announced plans to seek a buyer for the portion of its business associated with the Integrated Development Environment (IDE), including the award-winning Borland Developer Studio (Delphi®, C++Builder® and C#Builder®) and JBuilder® product lines.

Borland has retained Bear, Stearns & Co. Inc. to manage the process of seeking a buyer for Borland’s IDE assets.

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Borland Software Corporation (NASDAQ NM: BORL)

FIRMS

Founded in 1983, Borland Software Corporation (NASDAQ: BORL) is the global leader in Software Delivery Optimization. The company provides the software and services that align the people, processes and technology required to maximize the business value of software.

ADVISORS

Borland has retained Bear, Stearns & Co. Inc. to manage the process of seeking a buyer for Borland’s IDE assets.