Digital Equipment Corp. says it will spin off its San Jose, California-based software development tools arm, into an independent company aimed at tools for Windows 95 and NT-based applications.
Digital will retain a majority stake in the new company, called TracePoint Technology Inc., which will be staffed by about 25 former Digital employees. A venture capital group led by Menlo Park, California-based Sequoia Capital has provided financial backing for the project, officials say.
TracePoint's development tools will be similar to those that Digital makes for the Alpha 64-bit Unix system platform, except they will support Intel and other x86-based PCs, officials said. TracePoint's tools are based on the C and C++ languages developed by AT&T Corp.