TPG Capital completes Wind River acquisition

TPG Capital completes Wind River acquisition
TPG Capital has announced that it has completed its acquisition of Wind River from Intel. The terms of the transactions have not been disclosed.
By eeNews Europe

Share:

The acquisition was initially announced on April 3. Wind River provides software that is used in the computing systems of the most important modern infrastructure. The company will be led by existing Wind River President and now CEO Jim Douglas. Nehal Raj, Partner and Head of Technology investing at TPG, will act as chairman of the company’s board of directors.

Raj said, “This acquisition provides the company with the additional resources and focus needed to further differentiate itself as a market-leading provider of software for Industrial IoT. We look forward to working closely with management to identify and execute on opportunities to invest in organic and inorganic growth.”

Douglas added, “This acquisition is a clear endorsement of the unique value our software provides for accelerating digital transformation across critical infrastructure sectors, and we are thrilled to work with TPG in this next phase of our growth trajectory.”

TPG has invested heavily in technology, with previous investments including C3 IoT, CCC Information Services, IQVIA (formerly QuintilesIMS), Intergraph, McAfee, Mediware Information Systems, Noodle.ai, and Zscaler.

More information

https://www.windriver.com

https://www.tpg.com

Related news

Wind River contributes Titanium Cloud technology to new OpenStack Project

Asset company acquires Wind River

Intel hires former Apple and Tesla executive to lead silicon engineering

Partnership to improve edge devices’ analysis capability

eeNews Embedded
10s