Thursday, September 7, 2006

Embarcadero Technologies Goes Private In $234M Deal

San Francisco-based Embarcadero Technologies, a provider of data management software, is going private in a $234M deal. The firm said today that an affiliate of Thoma Cressey Equity Partners has agreed to acquire the firm. The deal is worth $8.38 in cash per share of Embarcadero Technologies stock. The firm is currently listed on the Nasdaq as EMBT. As part of the transaction CEO Steven R. Wong will be replaced by Raj Sabhlok. More information »