ALAMEDA, Calif., April 4, 2001 — Wind River Systems, Inc. (Nasdaq:WIND), a leading provider of software and services for connected smart devices, today announced a definitive agreement to purchase the embedded real-time operating system (RTOS) and development tools for digital signal processors (DSPs) from Eonic Systems, nv, a developer of high-performance software solutions for real-time embedded DSP applications. This software acquisition will extend customers´ ability to leverage the Wind River software, services, and partner capabilities into systems comprising central processing units (CPUs) and DSPs. As part of this agreement, key Eonic employees associated with the product family currently known as Virtuoso™ will join Wind River. Financial details will not be disclosed. Wind River anticipates closing the transaction by late April 2001.
The key technology components of Virtuoso include a small footprint kernel optimized for DSP, an advanced virtual single processor (VSP) architecture for multicore distributed applications, and tools to enable customers to rapidly design, debug, and deploy a variety of applications with processing-intensive requirements. In addition, the VSP technology provides a heterogeneous communication and synchronization run-time solution enabling the creation of muticore embedded systems containing different combinations of reduced instruction set computers and complex instruction set computers (RISCs/CISCs), DSPs, and field programmable gate arrays (FPGAs). Through this acquisition of technology and expertise, Wind River is uniquely positioned to provide every type of embedded software developer — regardless of the type of programmable silicon building block used — the tools they need in this challenging and ever-expanding market.
Today's announcement places Wind River at the forefront of one of the fastest growing segments of embedded technology. Acquiring Eonic's DSP operating system in addition to its development team is part of Wind River's overall strategy to provide complete development environments for the entire continuum of next-generation embedded solutions.
"With muticore solutions growing as steadily as general embedded technology, many of our customers have asked for Wind River tools to integrate DSP solutions with other Wind River technologies," said Tom St. Dennis, president and CEO of Wind River. "With the acquisition of Virtuoso, Wind River gives original equipment manufacturers a proven DSP RTOS and the sophisticated tools they need to develop embedded DSP solutions that integrate directly with other Wind River technologies for smart devices."
"We are pleased that Wind River has recognized the benefits of the technology currently known as Virtuoso and that customers throughout the world will now be able to leverage that technology as part of the Wind River value proposition," said Jos Wynen, president and COO of Eonic Systems, nv. "Existing customers of Virtuoso will benefit from the technology becoming available through the worldwide Wind River sales and support channel."
About Wind River
Wind River is a worldwide leader in embedded software and services for creating connected smart devices. Wind River provides software development tools, real-time operating systems, and advanced connectivity for use in products throughout the Internet, telecommunications and data communications, digital imaging, digital consumer electronics, networking, medical, computer peripherals, automotive, industrial automation and control, and aerospace/defense markets. Wind River is How Smart Things Think™. Founded in 1983, Wind River is headquartered in Alameda, California, with operations in sixteen countries worldwide.
About Eonic's DSP OS
DSP technologies specifically process analog signals into digital formats. The product line currently known as Virtuoso will be integrated with Wind River's market-leading VxWorks® RTOS and VxWorks AE RTOS to create an integrated run-time solution for CPUs and DSPs. Virtuoso is currently used by a number of military, aerospace, and telecommunications customers, and is well suited for high-volume resource-constrained embedded products such as cellular phones, digital cameras, hard disk drives, and digital subscriber line (DSL) modems. As part of Wind River, the technology currently known as Virtuoso will evolve more rapidly through an increased research and development investment.
Wind River will not acquire the Eonic Atlas product family under this transaction and Atlas will remain with Eonic. As part of the transaction, Wind River has agreed to license back Virtuoso to Eonic for the purpose of creating and selling the Atlas product family.
Wind River Systems, the Wind River Systems logo, and VxWorks are registered trademarks and How Smart Things Think is a trademark of Wind River Systems, Inc. All other names mentioned are trademarks, registered trademarks, or service marks of their respective companies. This document contains "forward-looking" statements that involve risks and uncertainties that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Words such as "believes," "anticipates," "plans," "expects," "will," "would," "look forward," and similar expressions are intended to identify forward-looking statements. There are a number of important factors that could cause the results of Wind River or Eonic to differ materially from those indicated by these forward-looking statements, including, among others, risks detailed in Wind River's most recent Form 10-K and other reports filed with the Securities and Exchange Commission. Additional factors that could cause or contribute to such differences include, but are not limited to, risks relating to the consummation of the contemplated acquisition transaction, including the risk that stockholder approval might not be obtained in a timely manner, or at all. In addition, statements in this press release relating to the expected benefits of the contemplated acquisition transaction are subject to risks relating to the timing and successful integration of the technologies of Wind River and Eonic, retention of key personnel, the ability to maintain or expand existing relationships between Eonic and its customers, unanticipated expenditures, changing relationships with customers and suppliers and other factors.
Director, Global Communications