Wind River Completes Acquisition of MIZI Research
ALAMEDA, CA — October 16, 2008 — Wind River (NASDAQ: WIND), the global leader in Device Software Optimization (DSO), today announced that it has completed the previously announced acquisition of MIZI Research, Inc. MIZI, based in Seoul, Korea, focuses on the development of mobile application platforms based on embedded Linux. With this acquisition, Wind River gains access to world-class mobile expertise that can be leveraged across its various mobile alliances as well as accelerate its mobile services presence in Asia Pacific.
The acquisition was completed under the terms of the agreement announced on August 28, 2008. Wind River acquired approximately 99 percent of the outstanding shares of MIZI for an aggregate purchase price of approximately USD 16 million in cash.
A number of fast-growing consumer electronic market segments are turning towards Linux and developing common requirements based on mobility, wireless connectivity, location-based services, feature-rich user interfaces and the promise of a rapidly expanding ecosystem of mobile and connected applications derived from the desktop. 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 rapidly 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 for nearly a decade. 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.
About Wind River
Wind River is the global leader in Device Software Optimization (DSO). Wind River enables companies to develop, run and manage device software faster, better, at lower cost and more reliably. Wind River platforms are pre-integrated, fully standardized, enterprise-wide development solutions. They reduce effort, cost and risk and optimize quality and reliability at all phases of the device software development process, from concept to deployed product.
Founded in 1981, Wind River is headquartered in Alameda, Calif., with operations worldwide. To learn more, visit Wind River at www.windriver.com.
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Director, Global Communications