Borland Software Corp. (BORL) said Monday that it will relocate its corporate headquarters from Cupertino, California to Austin, Texas. The company said it plans to expand its existing Austin R&D center with the relocation of the finance, human resources, facilities, IT and sales operations functions. Tod Nielsen, President and CEO, Erik Prusch, CFO and Jonathan Schoonmaker, SVP of Human Resources will be relocating.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.Commenting on the decision, Tod Nielsen, President and CEO of Borland, said, "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."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.