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| Borland to Relocate Corporate Headquarters to Austin
Borland Software Corporation (NASDAQ: BORL), the global leader in Open Application Lifecycle Management (ALM), today announced that it will relocate its corporate headquarters from Cupertino, California to Austin, Texas. The company plans to expand its existing Austin R&D center with the relocation of the finance, human resources, facilities, IT and sales operations functions. As part of this announcement, Tod Nielsen, President and CEO, Erik Prusch, CFO and Jonathan Schoonmaker, SVP of Human Resources will be relocating. "We are making this move to take advantage of an area that combines a strong talent pool with a cost-effective environment for Borland, so that we can continue to execute on our plan to profitability, while building our company for the future,” commented Tod Nielsen, President and CEO of Borland. The company anticipates relocation of its headquarters to be complete by the end of 2007. Borland will continue to operate global marketing, legal, and the West Coast sales and services teams from the existing Cupertino facility. “Borland Software is a perfect fit for Austin and we are proud to welcome them as our newest corporate citizen,” said Adriana Cruz, Austin Chamber Vice President, Global Corporate Recruitment. “Our attractiveness as a place to live and work makes Austin an excellent home for Borland where they can prosper and grow well into the future.” Borland will discuss details of this relocation in conjunction with its first quarter 2007 financial results conference call scheduled for May 9, 2007.
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