Intel Set To Acquire Wind River Systems For Approximately $884 Million

Intel said today that it plans to acquire Wind River Systems , maker of software for embedded devices - think smartphones, other consumer electronics devices, in-car "info-tainment" systems, networking equipment and the likes- in a deal valued at approx. $884 million (or all outstanding Wind River common stock for $11.50 per share in cash). With the move, Intel aims to grow its processor and software presence outside the traditional PC and server market segments into embedded systems and mobile handheld devices, which it deems an important growth area for the company.