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Idera to Buy Embarcadero Technologies–Update

Sep 18, 2015   //   by Karen Lopez   //   Blog, Breaking News, Data Modeling, DLBlog  //  No Comments

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This news arrived today:

http://www.reuters.com/article/2015/09/17/sponsored-mmvolume-idUSL1N11N1L820150917

Jefferies is also leading a US$425m covenant-lite credit to back Idera’s acquisition of Embarcadero Technologies. Idera is backed by TA Associates. The deal, which launches on Thursday, includes a US$25m revolving credit, a US$300m first-lien term loan and a US$100m second-lien term loan.

So last year we had Embarcadero attempting to purchase ERwin from CA, now today we have Idera, makers of SQL Server focused database-related solutions, moving towards buying Embarcadero.

The Embarcadero-buying-ERwin deal fell through, in part, due to regulatory concerns over market consolidation of the database/data modeling tool business.  I’m wondering how regulators will feel about this consolidation of tools.

I’ve worked with both vendors in the past.  Both are based in Austin, Tx.  Standing by to see what happens next.

UPDATE:  I’m now seeing official communications about the sale, with a very aggressive closing date.  This is in contrast to the prolonged, ultimately failed acquisition attempt by Embarcadero for CA’s ERwin Data Modeler product.

Thoma Bravo, a leading private equity investment firm, today announces the sale of Embarcadero Technologies, a leading provider of software solutions for application and database development, to Idera, Inc., an application and server management software provider. The exit represents the culmination of a long and successful partnership between Thoma Bravo and Embarcadero Technologies. The deal is expected to close in mid-October, subject to normal closing conditions and approvals.

http://www.businesswire.com/news/home/20151007006216/en/Thoma-Bravo-Announces-Sale-Embarcadero-Idera#.VhfF5vlVhBc

http://www.theregister.co.uk/2015/10/08/embarcadero_database_and_app_dev_company_sold_to_idera/

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