The acquisition of Wind River Systems Inc by Intel Corporation for approximately US$884 million sets the stage for the semiconductor manufacturer to grow revenue outside its current markets and attack the embedded systems market from both a software and device perspective. A key market in this sector is smart phones and other mobile devices. Wind River will become a wholly owned subsidiary of Intel, the company said.
"This acquisition will bring us complementary, market-leading software assets and an incredibly talented group of people to help us continue to grow our embedded systems and mobile device capabilities," said Renee James, Intel vice president and general manager of the company's Software and Services Group. "Wind River has thousands of customers in a wide range of markets, and now both companies will be better positioned to meet growth opportunities in these areas."
"As a wholly owned subsidiary, Wind River will more tightly align its software expertise to Intel's platforms to speed the pace of progress and software innovation,” noted Ken Klein, Wind River Chairman, President and CEO.
Upon completion of the acquisition, Wind River will report into Intel's Software and Services Group, headed by Renee James. Wind River has approximately 1,600 employees worldwide.