Tech Business
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Written by Gizmo
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Friday, 05 June 2009 09:17 |
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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