I remember having read the story about Borland as follows: upper management decided software products was a thing of the past and the company had to switch to services. They did that and were out of business in 6 month.
Borland is still in business, although with another name, Embarcadero.
What happened was that decided indies weren't any longer their target demographic and they wanted to be enterprise and focus on product and process lifecycle management (PPLM) tooling instead.
So Delphi and C++ Builder got priced accordingly and they renamed themselves to Inprise.
After 20 years they are trying to get back the indies with community editions, but the damage is already done, and 100% of their customers are enterprise shops.
So unless you are working for a Fortune 500, you will hardly come in touch with Delphi / C++ Builder nowadays.
Anders has a couple of interviews where he mentions that he resisted invitations from ex-Borland colleges that moved into Microsoft.
It was only when Borland stop being what it used to be, that he decided it was time to move on.