Intel Completes Wind River Deal
Intel has closed on its $884 million purchase of Wind River, an embedded software maker that is part of Intel's larger overall plan to diversify its product mix away from PC and server processors and into the embedded and mobile spaces, which include smartphones, netbooks, MIDs and consumer electronics. Intel already has the Atom processor for such devices, and it is looking to expand its reach into those areas.Intel has completed its $884 million acquisition of Wind River, a key part of the chip maker's plan to grow its product mix beyond PC and server chips. The deal, which was first announced June 4 and closed July 17, will add to Intel's small but growing software business. Wind River makes embedded software.
"The acquisition will deliver to Intel robust software capabilities in embedded systems and mobile devices, both important growth areas for the company," Renee James, vice president and general manager of Intel's Software and Services Group, said in a statement. "This multi-billion-dollar market segment is increasingly becoming connected and more intelligent, requiring supporting applications and services as well as full Internet functionality."