Back in June 2009, Intel invested $884 million to acquire embedded software vendor Wind River. On April 3, after nearly a decade of running the Wind River business, Intel decided to sell it.
Wind River is being acquired by global alternative asset firm TPG. Financial terms of the deal have not been publicly disclosed.
"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," Jim Douglas, President of Wind River, stated.
"At the same time, TPG will provide Wind River with the flexibility and financial resources to fuel our many growth opportunities as a standalone software company that enables the deployment of safe, secure, and reliable intelligent systems," Douglas continued.
Wind River develops the VxWorks embedded operating system as well as a Linux-based system for small form factors. Wind River's primary competition originally came from MontaVista Linux, which was acquired by Intel rival Cavium in December 2009.
"This move is designed to sharpen our focus on growth opportunities that align to Intel’s data-centric strategy," Tom Lantzsch, senior vice president and general manager of the Internet of Things Group at Intel, stated. "Wind River will remain an important ecosystem partner, and we will continue to collaborate on critical software-defined infrastructure opportunities to advance an autonomous future."
The focus on data centers is one that also led Intel to spin out its McAfee security division in 2017.
Sean Michael Kerner is a senior editor at ServerWatch and InternetNews.com. Follow him on Twitter @TechJournalist.