CodeGear is a wholly-owned division of Embarcadero Technologies. CodeGear develops software development tools such as the Delphi IDE, the programming language Delphi, and the database server InterBase. Originally a division of Borland Software Corporation, it was launched on 14 November 2006. CodeGear's first CEO was Ben Smith. The current CEO is Jim Douglas.
Borland's 2006 annual report showed that its CodeGear IDE business had sales of $75.7 million in 2006, which accounted for 25 percent of Borland's total revenue.
On 7 May 2008, Borland and Embarcadero Technologies announced that Embarcadero had "signed a definitive asset purchase agreement to purchase CodeGear. The acquisition, for approximately $24.5 million, closed on 30 June 2008.