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Borland Completes Acquisition of Segue Software

Borland Software Corporation has announced the completion of its previously announced acquisition of Segue Software. Together, Borland and Segue offer enterprises a comprehensive set of Application Lifecycle Management (ALM) products and services designed to improve software quality and make software development a more manageable and successful business process.

Borland has begun the process of integrating its ALM products with Segue's award-winning Silk and SilkCentral product lines, forming the foundation for Borland's Lifecycle Quality Management solution which the company expects to deliver later this year. This solution is expected to help customers solve the root cause of quality issues, identifying problems from the very beginning versus reacting to symptoms later in the process when they are more costly.

Lifecycle Quality Management is one of the four critical software development processes that Borland is addressing as part of its Software Delivery Optimization vision. Borland is committed to helping customers master these critical process areas through packaged solutions that combine the company's ALM products, its industry-leading process optimization services, and education and skills training. Already Borland has delivered solutions for IT Management and Governance, Requirements Definition and Management and Change Management.

Former Segue Software stockholders will receive a payment of $8.67 per share in cash. Borland will be mailing materials shortly to former Segue stockholders regarding the exchange of such stockholders' shares of Segue common stock for the cash merger consideration.



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