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Intel sells Wind River to TPG

Intel has sold its IoT software subsidiary Wind River to private equity outfit TPG.

Apr. 03, 2018 – 

Wind River President, Jim Douglas, and his existing executive management team will lead the newly independent Wind River after the transaction closes.

"Our technology team is focused on backing strong, market-leading companies in growing industries," said Nehal Raj, Partner and Head of Technology investing at TPG.

"We see a tremendous market opportunity in industrial software driven by the convergence of the Internet of Things (IoT), intelligent devices and edge computing. As a market leader with a strong product portfolio, Wind River is well positioned to benefit from these trends. We are excited about the prospects for Wind River as an independent company, and plan to build on its strong foundation with investments in both organic and inorganic growth."

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