Editing Borland (section)

===The 1980s: Foundations===
Borland Ltd. was founded in August 1981 by three [[Danes|Danish]] citizens{{snd}} Niels Jensen, Ole Henriksen, and Mogens Glad{{snd}} to develop products like Word Index for the [[CP/M]] operating system using an [[off-the-shelf company]]. However, the response to the company's products at the CP/M-82 show in [[San Francisco]] showed that a U.S. company would be needed to reach the American market. They met [[Philippe Kahn]], who had just moved to Silicon Valley and had been a key developer of the [[Micral]].<ref>{{Cite web |title=Philippe Kahn |url=https://en.wikiquote.org/wiki/Philippe_Kahn |access-date=2023-07-21 |website=Wikiquote |language=en}}</ref> Kahn was chairman, president, and CEO of Borland Inc. at its inception in 1983 and until 1995.

The first name for the company was not ''Borland''. It was ''MIT''.<ref>{{Cite web |title=FoRK Archive: origins of Borland name |url=https://xent.com/FoRK-archive/apr98/0460.html |access-date=2025-01-14 |website=xent.com}}</ref> The acronym MIT stood for "Market In Time". The name "Borland" originated from a small company in [[Ireland]], which was one of MIT initial customers. After they went bankrupt, MIT sought permission to acquire and use the name "Borland" in the U.S., following a legal recommendation during a [[rebranding]] prompted by a letter from MIT ([[Massachusetts Institute of Technology]]).

The main shareholders at the incorporation of Borland were Niels Jensen (250,000 shares), Ole Henriksen (160,000), Mogens Glad (100,000), and Kahn (80,000).{{Citation needed|date=April 2010}}