Skip to main content

Wind River Acquires Interpeak AB

The deal costs $20 million in cash and stock.

Wind River Systems

(WIND)

acquired privately held Interpeak AB of Stockholm for around $20 million in cash and restricted stock.

The company expects the acquisition to be mildly accretive in fiscal year 2007.

Scroll to Continue

TheStreet Recommends

Interpeak provides networking, security and mobility middleware software that helps next-generation devices to connect securely to the Internet.

"As the explosive growth of connected devices continues, device manufacturers will require a high-quality, secure networking stack that can run universally on both our RTOS and Linux based platforms," the company said.

This story was created through a joint venture between TheStreet.com and IRIS.