Intel to Take Over Embedded Software Developer for $884 Million.
Intel Corp. on Thursday said that it had entered into a definitive agreement to acquire Wind River Systems, an embedded software vendor. The world’s largest maker of chips hopes that acquisition of the software company will help it to find new customers for its embedded products.
“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. 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 Renee James, Intel vice president and general manager of the company's software and services group.
