See also: Q5 interview - John Bruggeman, Wind River
Intel is to buy embedded software house Wind River Systems for $884m million in cash. The valuation of $11.50 is 43 per cent above yesterday's closing price for Wind River shares.
"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.
Intel stated that the acquisition was part of its s strategy 'to grow its processor and software presence outside the traditional PC and server market segments into embedded systems and mobile handheld devices.'
Intel emphasized that Wind River will continue to supply its existing customers. "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," said James.
"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", said Wind River boss Ken Klein, "we remain committed to continuing to provide leading solutions across multiple hardware architectures and delivering the same world-class support to which our customers have grown accustomed."
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See also: Electronics Weekly's Focus on Linux, a roundup of content related to the open source operating system shaped for industrial uses.