Embarcadero Technologies, Inc. Stockholders Approve Merger with Thoma Cressey Bravo
June 22 2007 - 5:00PM
Business Wire
Embarcadero Technologies, Inc. (NASDAQ:EMBT) today announced that
Embarcadero�s stockholders have voted to adopt the merger agreement
providing for the acquisition of Embarcadero by affiliates of Thoma
Cressey Bravo, Inc., a leading private equity investment firm. The
results of the vote were reported during a special stockholder
meeting held today in San Francisco, California. The number of
shares voting to adopt the merger agreement represents
approximately 74.3% of the total number of shares outstanding and
entitled to vote at the meeting. The proposed merger was announced
on April 6, 2007. Embarcadero expects to complete the merger
transaction on June 25, 2007. About Embarcadero Technologies
Embarcadero Technologies, Inc. (NASDAQ:EMBT) delivers professional
grade database tools that companies use to design, develop and
manage databases and the data they contain. More than 12,000
customers worldwide and over 90 of the Fortune 100 rely on
Embarcadero�s cross-platform tools to reduce complexity, improve
productivity and strengthen security. The Company�s flagship
database tools include: ER/Studio, DBArtisan, Rapid SQL and Change
Manager. Founded in 1993, Embarcadero Technologies is headquartered
in San Francisco with offices in Melbourne, Australia, Munich,
Germany and Maidenhead, United Kingdom. For more information, visit
www.embarcadero.com. Forward-Looking Statements The statements in
this press release that are not historical facts are
forward-looking statements that involve risks and uncertainties,
including risks identified in the Company�s periodic filings with
the Securities and Exchange Commission including, but not limited
to, those appearing under the caption �Risk Factors� in the
Company�s most recent Quarterly Reports on Form 10-Q and Annual
Report on Form 10-K. Actual results, events, and performance may
differ materially. Readers are cautioned not to place undue
relevance on these forward-looking statements, which speak only as
of the date hereof. Except as required by law, the Company does not
intend to release publicly the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
anticipated events. Embarcadero, the Embarcadero Technologies logos
and all other Embarcadero Technologies product or service names are
trademarks of Embarcadero Technologies, Inc. All other trademarks
are property of their respective owners. About Thoma Cressey Bravo
Thoma Cressey Bravo, Inc. is a leading private equity investment
firm with more than 25 years of experience in building successful
companies. The firm has invested in many industry sectors and
currently specializes in the software, healthcare, business and
financial services and consumer industries. In the software
industry, Thoma Cressey Bravo�s portfolio of companies represents
total earnings in excess of $400 million. The firm currently
manages approximately $2 billion of equity capital. For more
information on Thoma Cressey Bravo, visit http://www.tcb.com.
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