Borland International has closed the first round of a privately placed equity financing, raising approximately $25 million, and may call for a second round of financing of $25 million. The proceeds will go towards developing and acquiring new technologies and taking advantage of market opportunities, executives said.
Short Take: Borland raises $25 million
Borland International has closed the first round of a privately placed equity financing, raising approximately $25 million, and may call for a second round of financing of $25 million. The proceeds will go towards developing and acquiring new technologies and taking advantage of market opportunities, executives said.