Thread: Wind River acquires MIZI Research

Wind River has signed an agreement to acquire MIZI Research, a privatelyheld company based in South Korea that focuses on the development of mobile application platforms based on embedded Linux. With this acquisition, Wind River expects to gain access to mobile expertise that can be leveraged across its various mobile alliances as well as accelerate its mobile services presence in the Asia Pacific region. Also, a number of fast-growing consumer electronic market segments are turning towards Linux, and Wind River aims to pitch itself to this growth in the mobile Internet devices, automotive infotainment and mobile handsets industries.



Wind River will pay up to $16 million in cash to acquire substantially all of the outstanding shares of MIZI. The completion of the acquisition is expected to occur in Wind River's third fiscal quarter ending October 31,2008. "Wind River is targeting the mobile device market as a strategic growth opportunity within our Linux business. With the addition of the MIZI team to Wind River, we will benefit from their mobile expertise in areas such as telephony, feature-rich user interfaces and multimedia, as well as their world-class mobile systems integrator expertise, complementing our current efforts across a variety of mobile alliances," said Ken Klein, chief executive officer, Wind River.