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.

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.