| | Exhibit
99.1 | 
| | ------------ | 

| | 
| | 

| | Investor Contact: | 
| | ----------------- | 
| | Jacquie Ross      | 
| | 408-863-2917      | 
| | jross@borland.com | 

| | Media Contact:       | 
| | -------------------- | 
| | Kathryn Quigley      | 
| | 408-863-2911         | 
| | kquigley@borland.com | 

BORLAND ANNOUNCES ADDITIONAL STOCK REPURCHASEAUTHORIZATION OF UP TO $30 MILLION
Total Authorizations Since Late 2001 Total $75 Million

| | SCOTTS
VALLEY, Calif.  February 11, 2004  Borland Software Corporation (Nasdaq NM: BORL) today
announced that its Board of Directors has authorized an increase to its existing discretionary stock repurchase program of up to $30 million,
increasing total repurchase authorizations since September 2001 to $75 million. | 
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | 

| | This
additional stock repurchase authorization reflects the Boards confidence in both
our new executive management team and Borlands opportunity in the application
lifecycle market, said Dale L. Fuller, Borlands President and Chief Executive
Officer. | 
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | Since
September 2001, Borland has repurchased more than three million shares of our outstanding
common stock for $29 million under two separate stock repurchase programs. Our Board of
Directors continues to believe that the repurchase of shares and associated reduction in
dilution is one way we can use our strong balance sheet to enhance shareholder value. | 
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | 

| | The
shares to be repurchased under this plan are an expansion of the $30 million
discretionary stock repurchase program previously authorized by the Borland Board of
Directors in September 2001. In addition, the Borland Board authorized a $15 million
stock repurchase plan under Rule 10b5-1 of the Securities Exchange Act of 1934 in August
2003. After giving effect to this increase, approximately $45 million of Borland common
stock in the aggregate will remain available for repurchase under Borlands
repurchase programs. | 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | Share
repurchases under the discretionary stock repurchase program may be made from time to
time in the open market or in privately negotiated transactions depending on market
conditions, share price and other factors at Borlands discretion. Borland intends
to finance repurchases using available cash. The Company may initiate repurchases at any
time under the expanded discretionary stock repurchase program. | 
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | About Borland | 
| | ------------- | 

| | Borland
Software Corporation (Nasdaq NM: BORL) is a world leader in platform independent software
development and deployment solutions that are designed to accelerate the entire
application development lifecycle. By connecting managers, testers, designers,
developers, and implementers in real time, Borland enables enterprises worldwide to
define and sustain their competitive advantage. For more information, visit:
http://www.borland.com or the Borland Developer Network at http://bdn.borland.com. | 
| | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 

| | All
Borland brand and product names are trademarks or registered trademarks of Borland
Software Corporation in the United States and other countries. All other marks are the
property of their respective owners. | 
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | 

| | Safe Harbor Statement | 
| | --------------------- | 

| | This
press release contains forward-looking statements including statements regarding Borlands
near-term and long-term outlook. Such forward-looking statements are based on current
expectations that involve a number of uncertainties and risks that may cause actual
events or results to differ materially. Factors that could cause actual events or results
to differ materially include, but are not limited to: our ability to sell multi-product
solutions for the application development lifecycle; our ability to integrate new members
of our executive management and sales management teams; the changing nature of the
markets in which we operate, namely the maturing of certain target markets and the
uncertainty regarding the growth in other target markets; the effect of some of our
competitors making products that compete with our products available to their customers
for no or a very low fee; potential disruption to our operations and to our sales efforts
as a result of our recent reduction in force; market acceptance of new or enhanced
products or services developed, marketed or sold by us; and general industry trends,
general economic factors and capital market conditions. These and other risks may be
detailed from time to time in Borlands periodic reports filed with the Securities
and Exchange Commission, including, but not limited to, its 2002 Annual Report on Form
10-K, its quarterly reports on Form 10-Q, and other SEC filings, copies of which may be
obtained from http://www.sec.gov/. Borland is under no obligation to (and expressly
disclaims any such obligation to) update any of the information in this press release if
any forward-looking statement later turns out to be inaccurate whether as a result of new
information, future events or otherwise. | 
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