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2007-09-29 00:00:00
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LONDON — Wind River Systems, Inc. has bought the outstanding shares in privately owned Romanian embedded software developer S.C. Comsys S.R.L. for $1.4 million.
Founded in 2000, Comsys currently has 52 employees and focuses on device software services in the communications, aerospace and defense sectors.
Wind River (Alameda, Calif.) says the deal will not have a significant effect on earnings per share in FY08.
The companies have been working together since 2004 and collaborated on multiple joint engagements for customers such as Palm, IBM and EADS.
Wind River says the acquisition would expand its strategic services activity 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 Linux — with an emphasis on automotive; VxWorks Platforms, focusing on networking; and test and verification for existing aerospace and defense projects.
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