Press release published by: https://www.iottechnews.com/p
Author: Maciej Kranz
Source URL: https://www.iottechnews.com/news/2018/apr/04/intel-sells-wind-river-tpg-putting-end-near-decade-ownership/
Intel is to sell Wind River, provider of Industrial IoT (IIoT) and embedded software, to global alternative asset firm TPG.The independent firm will continue to be led by Wind River president Jim Douglas alongside his existing executive management team, with Douglas saying the move will establish Wind River ‘as a leading independent software provider uniquely positioned to advance digital transformation within critical infrastructure segments.’
Intel had paid $884 million for Wind River back in 2009, saying at the time the company would become part of Intel’s strategy ‘to grow its processor and software presence outside the traditional PC and server market segments into embedded systems and mobile handheld devices.
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