Intel's acquisition of Wind River now done deal
Chip giant Intel's $884 million purchase of embedded device software vendor Wind River has been given the green light.
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Intel's proposed $884 million acquisition of embedded device software specialist Wind River is now complete, meaning the chip giant can start to dip its toes further into non-core markets such as infotainment' and consumer electronics.
As part of the deal, which was announced last month, Wind River becomes a wholly-owned Intel subsidiary. It will operate under the guidance of Intel vice president Renee James, who heads up the chip giant's software and services group.
"The acquisition will deliver to Intel robust software capabilities in embedded systems and mobile devices, both important growth areas for the company," said James 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."
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Maggie has been a journalist since 1999, starting her career as an editorial assistant on then-weekly magazine Computing, before working her way up to senior reporter level. In 2006, just weeks before ITPro was launched, Maggie joined Dennis Publishing as a reporter. Having worked her way up to editor of ITPro, she was appointed group editor of CloudPro and ITPro in April 2012. She became the editorial director and took responsibility for ChannelPro, in 2016.
Her areas of particular interest, aside from cloud, include management and C-level issues, the business value of technology, green and environmental issues and careers to name but a few.
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