Wind River’s business is based on real-time operating systems and other high-reliability embedded software used in Internet of Things devices, ranging from sensors in connected cars to massive industrial machines that gather reams of data and send it to the cloud. And for the last decade, Wind River has been part of Intel.
But that will soon change. Wind River announced Tuesday that it had been sold to the investment firm TPG and will return to being an independent company. Jim Douglas, Wind River’s current president, will lead the company after the transaction closes in the second quarter. Other terms of the transaction were not announced.
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