CodeGear will be responsible for advancing the four primary IDE-related product lines, including Developer Studio, which consists of Delphi, C++Builder and C#Builder; JBuilder, including the upcoming "Peloton" version of JBuilder; Turbo and Interbase.

These tools will maintain their product names, but will be delivered under the CodeGear brand, Nielsen said.

"We've seen amazing growth in the ALM space," Nielsen said. "We've been seeing lots of positive momentum."

For its third-quarter 2006 earnings, Borland announced a 22 percent increase in total revenue over last year, a 90 percent increase in revenue from ALM products alone, and ALM license revenue was up 117 percent over the prior year.

"When I said we were going to do 10 percent revenue growth for the year, the critics laughed," Nielsen said, but now that is a reality, he added.

However, in its third-quarter earnings report Borland shows it is still operating at a loss, said Rick Jackson, Borland's chief marketing officer and vice president of corporate strategy.

Yet, Borland hired a new chief financial officer, Erik Prusch, who most recently was vice president of finance at Intuit, where he oversaw the financial operations of Intuit's largest revenue-generating business unit—the Consumer Tax Group, Borland officials said.

Prior to that, Prusch was CFO for Indentix., an identity management company.

"We hired the new CFO to look at more operational efficiencies we can drive into the business," Jackson said.

"We won't be profitable in Q4 as Tod projected, but 2007 will be a profitable year for us."

Next Page: Personnel.