Leading private equity firm TPG Capital said it will acquire Wind River from Intel, which bought the company in 2009 for $884 million.
“This move is designed to sharpen our focus on growth opportunities that align to Intel’s data-centric strategy,” said Tom Lantzsch, Intel's Internet of Things Group senior vice president
Wind River President, Jim Douglas, and his existing executive management team will lead the newly independent Wind River after the transaction closes.
Wind River will remain as an important ecosystem partner of Intel and will continue to collaborate on critical software-defined infrastructure opportunities to advance an autonomous future, said Intel.
Wind River makes embedded operating systems and other software that run the most important modern infrastructure, including manufacturing plants, medical devices, aircraft, railway, automobiles, and communications networks.
Wind River’s products and solutions enable engineers, developers, manufacturers, and system integrators to build intelligent connected devices, sensors, gateways, and networks that unlock machine data and connect it to cloud and IT environments.
Nehal Raj, Partner and Head of Technology Investing, TPG
We see a tremendous market opportunity in industrial software driven by the convergence of the Internet of Things (IoT), intelligent devices and edge computing.
Jim Douglas, President, Wind River
This acquisition will establish Wind River as a leading independent software provider uniquely positioned to advance digital transformation within critical infrastructure segments with our comprehensive edge to cloud portfolio.
