Intel Corp. on Thursday said it will buy Wind River Systems Inc. for about 884 million U.S. dollars in a deal which is aimed to boost Intel's capabilities in embedded systems and mobile devices.
Intel said it has agreed to acquire all outstanding Wind River common stock for 11.5 dollars per share in cash and the transaction is expected to close this summer.
Intel's strategy is to grow its processor and software presence into embedded systems and mobile handheld devices.
Founded in 1981, Wind River is a leading software vendor in embedded devices. The company is now headquartered in Alameda, California, and has over 1,600 employees worldwide.
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