Wind River, a US-based provider of device software optimization solution, has completed the previously announced acquisition of South Korea-based Mizi Research, which focuses on the development of mobile application platforms based on embedded Linux.
The acquisition was completed under the terms of the agreement announced on August 28, 2008. Wind River acquired approximately 99% of the outstanding shares of Mizi for an aggregate purchase price of approximately $16 million in cash.
According to the company, a number of consumer electronic market segments are turning towards Linux and developing common requirements based on mobility, wireless connectivity, location-based services, feature-rich user interfaces. Wind River is targeting a number of vertical markets as Linux growth opportunities, including automotive infotainment, mobile handsets and mobile internet devices.
Each of these segments require Wind River to expand its mobile Linux services delivery capability as well as deepen the value of its product offering tailored to these markets, which is the competency that MIZI has been developing. Wind River’s mobile Linux strategy is focused on open standards and consortia, and it is expected that MIZI’s mobile expertise will be redeployed on these projects and provide a basis for differentiation.
Wind River is into Device Software Optimization (DSO). The company enables other companies to develop, run and manage device software faster. Wind River platforms are pre-integrated, standardized, enterprise-wide development solutions. According to the company, its revenues for the fourth quarter of fiscal 2008 were $84.3 million, compared with $76.1 million reported in the fourth quarter of fiscal 2007.