By Suzanne Deffree, Managing Editor, News -- Electronic News, 6/4/2009

Intel Corp announced this morning that it will acquire embedded computing systems-focused Wind River Systems Inc in a deal valued at approximately $884 million, as the chipmaker looks to continue to grow its processor and software presence outside the traditional PC and server market segments into embedded systems and mobile handheld devices.

"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 VP and general manager of the company's software and services group, in a statement. "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."

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