Wind River Acquires Comsys
ALAMEDA, CA — August 30, 2007 — Wind River Systems, Inc. (NASDAQ: WIND), the global leader in Device Software Optimization (DSO), today announced that it has acquired privately-held S.C. Comsys S.R.L., an embedded software professional services organization based in Romania. Founded in 2000, Comsys currently has 52 employees and a unique depth of knowledge and expertise in device software services. With this acquisition, Wind River gains access to top talent with hands-on device software experience in telecom, mobile, and aerospace and defense.
Under the terms of the agreement, Wind River will pay up to US$1.4 million to acquire all outstanding shares of Comsys. Wind River expects that the acquisition will not have a significant effect on earnings per share in FY08.
Having a strong professional services offering is increasingly essential in the device software space. As demand continues to grow for ever more complex devices and product development cycles shrink because of time-to-market pressures, Wind River customers will need increased services support and expertise. Wind River initially began working with Comsys as a partner in 2004 and successfully collaborated on multiple joint engagements for key Wind River customers including Palm, IBM and EADS. Through this acquisition, Wind River will be able to greatly expand its strategic services footprint and offerings in Europe, while also leveraging Comsys' expertise globally across other key customers.
"In our three years of working with Comsys, it became very apparent that Wind River and Comsys are highly compatible organizations — there is a shared emphasis on engineering excellence, a passion for device software and an unwavering focus on customers' needs," said Ken Klein, Chief Executive Officer, Wind River. "This acquisition will not only enable Wind River to expand its presence in EMEA, but also will give us access to some of the most experienced device software engineers in the world."
Comsys' Romanian Development Center will begin working on several key Wind River initiatives including:
- Wind River Linux — with an emphasis on automotive
- Wind River VxWorks Platforms — with an emphasis on networking
- Test and verification — for existing aerospace and defense projects
- EMEA customer engagements
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, California, with operations worldwide. To learn more, visit Wind River at www.windriver.com or call 1-800-872-4977.
The Wind River logo is a trademark of Wind River Systems, Inc., and Wind River and VxWorks are registered trademarks of Wind River Systems. Other marks used herein are the property of the respective owners.
Director, Global Communications